Things are going well for your business. You have several new orders that will keep your company running at near capacity for the next six months. Your recent growth has caused you to draw on your line of credit at the bank, and you’re almost at your credit limit. That’s fine because your biggest, most […]
I previously wrote about alternative options that entrepreneurs can use to fund their business instead of selling equity. Today I’d like to look at a specific example from the Shark Tank that could have allowed a business owner to keep 40% of his business.
My favorite example of this is St. Paul native Rabbi Moshe Weiss […]
While the Federal Government is shutdown, many small businesses are left in the lurch. The delay in processing the SBA’s 7(a) loans are leaving small businesses across Minnesota and the nation waiting for that desperately needed working capital to fuel their growth. The SBA has guaranteed over $300,000,000 in 7(a) loans in Minnesota through September […]
Is selling equity the best way to fund your business?
I love watching ABC’s Shark Tank and I am really excited to watch Season 5, which starts this Friday. Seeing the creative solutions that people dream up to mundane problems is really fun and exciting.
But the excitement about the product or service pales in comparison to […]
This post is part of a series on a lack of working capital. You can find part one here and part three here.
A Lack of Capital Limits Your Hiring.
Oftentimes, the right employee comes along at the wrong time—when a business is strapped for cash. Adding an additional person to the payroll is usually the last […]
We had an wonderful time today at Brookview Golf Course. The weather was great, the golfers were having fun, and we were able to meet some people.
Thanks to the RMA Minnesota and MNCPA for hosting.
This post is part of a series on a lack of working capital. You can find part two here and part three here.
I’ve written previously about the importance of a business being adequately capitalized. The businesses that are still standing and the new ones that have started up since the Great Recession find themselves in […]
