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Entrepreneurs must balance optimism and realism

Entrepreneurs must balance optimism and realism

What entrepreneurs have in common If you are an entrepreneur, chances are that you are intensely driven, totally in love with your chosen profession or borderline insane, and I’m betting it is a combination of all of the three that led you to take a leap of faith and start your business. It’s not too hard to start a business, ...

Hoyt David Morgan | 2012/02/22  | 10 Comments Entrepreneur

Selling your business: strategic vs. financial buyers

Selling your business: strategic vs. financial buyers

Different types of entrepreneurs and investors Most small business owners will sell or attempt to sell their business. Lifestyle entrepreneurs eventually want to retire and serial entrepreneurs want to cash out and fund their next venture(s). There are many iterations to the types of deals that can be done to exit a business, but two major categories of buyers exist: ...

Hoyt David Morgan | 2012/02/14  | 13 Comments Entrepreneur

Profitably slays need for Excel, streamlines business planning

Profitably slays need for Excel, streamlines business planning

Cloud app for business Let’s face it, as a small business, entrepreneur or startup team, measuring, planning for and executing business is difficult, and Excel can be downright frustrating and requires a lot of knowledge to get set up and running. New York City based Profitably automates a great deal of this process to save you time and money and ...

AGBeat | 2012/02/09  | 17 Comments Finance

What entrepreneurs can expect during due diligence

What entrepreneurs can expect during due diligence

Kick starting with capital In the present business climate, it is very difficult to get a business started without capital – either from the founders themselves, friends and/or family, or outside investors. Most entrepreneurs know that at some point(s), fundraising will be an important part of their role. What many don’t know, however, is what the process is like and ...

Hoyt David Morgan | 2012/02/08  | 12 Comments Entrepreneur

Five very common mistakes entrepreneurs make

Five very common mistakes entrepreneurs make

The entrepreneur’s journey Navigating the business start-up process, through funding and foundation building, into a high growth stage and to a potential exit, is a journey wrought with challenges. Every experience is unique – just as every founder is unique – but there are common mistakes we see throughout history. Understanding these pitfalls will help entrepreneurs overcome and avoid them. ...

Hoyt David Morgan | 2012/01/25  | 33 Comments Entrepreneur

3 things every founder should look for in an angel investor

3 things every founder should look for in an angel investor

Founders’ relationships with investors The relationship between a founding team and seed investors is an important one. When done well, it is a dynamic relationship in which the business benefits tremendously. When done poorly, it can put stress on the business and even lead to diminished productivity. Founders carry full responsibility for the business, so they have full responsibility to ...

Hoyt David Morgan | 2012/01/18  | 36 Comments Finance

Go paperless, doxo offers free cloud storage and bill pay

Go paperless, doxo offers free cloud storage and bill pay

On a mission Seattle startup, doxo is on a mission to help the world go paperless and reduce printing, paper and postage costs and help individuals and businesses to stay organized and keep bills paid on time. The company offers free cloud storage for your bills, bank statements, and business documents that can be organized in folders to help businesses ...

Marti Trewe | 2012/01/12  | 15 Comments Finance

Kashoo online accounting software for small businesses

Kashoo online accounting software for small businesses

Designed specifically for small businesses In 2008, May and Dobes Vandermeer spent weeks researching options for managing their growing software consulting business and never quite found what they were looking for, so out of a need for simple software for themselves, they designed Kashoo, “the first online accounting software aimed at helping small businesses organize and manage their finances,” and ...

Marti Trewe | 2012/01/12  | 16 Comments Business News

Bank of America calling small business loans due early

Bank of America calling small business loans due early

Bank of America cuts credit lines In light of an upcoming stress test from the Federal Reserve and Bank of America CEO Brian Moynihan’s quest to reduce risk across all credit lines as well as raise capital, the bank is cutting off lines of credit to some small businesses, demanding their balances be paid in full, according to the Los ...

Marti Trewe | 2012/01/08  | 17 Comments Economy

Startup Expensify keeps business expenses organized on the go

Startup Expensify keeps business expenses organized on the go

“Expense reports that don’t suck” One crucial part of any successful small business is keeping track of finances and expenses. The one simple task of taking control of your company’s expenses can make the difference between profitable and organized success and disorganized chaos. With this in mind, let’s take a look at Expensify, the company that says they offer “expense ...

Charlene Jimenez | 2011/12/14  | 16 Comments Finance

Mind blowing infographic charting American money and where it all goes

Mind blowing infographic charting American money and where it all goes

All about money Typically focused on web comedy, xkcd.com took the time instead to research and create a giant interactive infographic about money which he calls “Money – a chart of (almost) all of it, where it is, and what it can do” outlining how much a dollar can buy, who the wealthiest Americans are, tuition levels, salaries, campaign finances ...

Marti Trewe | 2011/11/22  | 27 Comments Finance

How treating your real estate company like a corporation can increase profit

How treating your real estate company like a corporation can increase profit

Varying perspectives on running a business Owners, managers and employees have different perspectives on running a business – and rightly so. These three groups have job descriptions that are defined differently, their compensation incentives are varied, and they often have a business and work mentality unlike one another. In order to maximize the potential these three groups have to work ...

Hoyt David Morgan | 2011/11/16  | 25 Comments Finance