Last week we looked at where successful companies found financing for a successful business. This week we want to look more closely at who the lenders and investors are who can help you stand and grow a home based business, specifically so-called angel investors. Individual investors include two types of people: those who know you, [...]
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Start Up Money For Home Based Businesses - Lessons From Success
If you need money start a home based business, where do you look? A good place to start is to consider where successful companies found the money they needed. Coopers & Lybrand, one of the nation’s largest accounting firms, conducted a study a few years ago of 328 fast growing manufacturing and service companies. Interestingly, [...]
Buying A Business? Or A Headache?
Starting a home-based business from scratch can be a daunting prospect. An alternative is to buy a business that’s already up and running. The problem, of course, is that for every profitable and stable business that becomes available for sale, there are many more qualified buyers than sellers. And you have to wonder why someone [...]
Small Business Success: Blow Your Horn
You’ll probably never hear it put quite this way, but the fact is a fuzzy product idea with a clear market and a well thought out marketing plan is far more likely to succeed than an exquisitely defined product with a fuzzy market and no marketing plan. Engineers, academics,and enthusiastic entrepreneurs are prone to come [...]
Home Business Owners Should Plan On Shinola
No matter how good your business plan and projections are, there’s always something that makes that first dollar take longer to appear in your deposit slips: that DSL line they installed turns out to be flaky and you have to call the cable company for broadband instead, the guy who said he’d take anything you [...]