Small business lines of credit are crucial financing instruments that have proven to be effective measures during financial emergencies. Many business loan experts and entrepreneurship gurus recommend that every business owners should apply for a credit line as it really helps them in keeping the venture running even during an unexpected financial crisis, big or small. In a simple overview, a business line of credit functions like an extended funding source offered by banks and lending firms that can be tapped at the borrower’s discretion. Money is readily available once the borrower requires them and if activated, the borrower will have to pay the borrowed amount...
Read MoreThere are some people who are lucky enough to get to the point wherein they would have an abundance of extra money on their hands. For most people, when this happens, they begin to think of ways that they can make this money grow. Some opt for building their own business while some, especially those who are not ready to give up their day jobs, opt for investment ventures. Now, investing is not really easy as it requires huge sums of money and tend be risky. There are times when you get great returns but there are also times that supposedly good investments turns bad, in which case, the investment is lost. One of the most popular ways to invest is through private equity...
Read MoreThere are a lot of great reasons for businesses to raise growth capital from venture partners like OpenView such as: Funding the preliminary development of the product Hiring and building a seasoned Management Team Developing and executing Marketing initiatives Multiplying a Sales force Adding operational experience to your organization by way of the board and VC team International expansion outside your existing geographic presence Credibility in the marketplace Adding to the development team Operational capital for the balance sheet And then there is “my competitors just raised capital so I will need to raise capital too”. While that may be a valid...
Read MoreMust sound like strange advice coming from a VC. I give this assistance from bitter expertise being on the receiving end of many rounds of venture capital funding. I have gone through the worst (and less so, the very best) of what VC money does to an early stage software company. I learned two very simple lessons: A large amount of money on the balance sheet is the worst thing you could do to your company. The more money that exists, the louder that money begs to be spent. The more you spend, the more blunders you make and the more hooked you get on spending even more money. Money does not resolve operational problems. If you don’t possess a worthwhile...
Read MoreExpansion stage businesses are continually building their employees, growing their experience, and including additional capabilities to get to best practices and create competitive advantage. I believe that you need three able people in a unit, as well as a capable manager to actually have a working and strong operating capability that can withstand absences and turnover expanding the unit more easily. This article provides the whys and hows of the Power of 3. As illustrations of building capabilities for execution, you may want to assemble a capable unit for the following: implementing a content marketing strategy building a lead nurturing program constantly improving...
Read More