by Kelly Deis of SoundPoint Consulting
A dollar is a dollar. That’s true. And, all revenue is equal. Right? Well no, not in an investor’s or potential buyer’s eye. So what makes some revenue good and other revenue not quite as good?
Recurring revenue is highly desirable because is it known and predictable. The best example of this is an auto-renewal fee or service charge periodically charged directly to a customer’s credit card. Once the initial sale is complete there are no more costs to acquire a customer. The revenue stream is much like an annuity. Continue to provide the goods or services as promised and the revenue keeps coming in.
Great examples of this are insurance premiums and streaming fees. Once customers have decided to purchase the product – and assuming they remain content, they are happy to have their credit card billed automatically.
In contrast, consulting and attorney fees are often one-time in nature. Revenue ceases when the project is complete and the engagement ends. Continue reading
Due to the growth of online lending, the quickest way to get money in the bank isn’t always by going to the bank!
During this workshop, Lendio’s Brock Blake reviews the alternative sources of financing that may make better sense for your business and are easier to obtain than your traditional bank loan. Brock presents sought-after information and insights that are sure to help you identify the best source of financing for your company – and help you secure it! Continue reading
by Kelly Deis of SoundPoint Consulting
So, you have a great idea for a start-up or you want to expand your current business. You have the perfect business plan and are confident that both revenue growth and profitability are sure-fire.
Problem is, you don’t have the capital to fund the start-up or expansion. If that is the case, here are a few ways to fund your business. Which one is right for you? Continue reading
Here are some tools that will make things a little easier.
The Veteran Entrepreneur Portal (VEP) is designed to save you time! BusinessUSA makes it easier for small businesses to access Federal services, regardless of its source. VA OSDBU quickly connects Veteran entrepreneurs to relevant ‘best-practices’ and information. Collectively, VEP offers direct access to the resources necessary to guide every step of entrepreneurship.
Start a Business
This interactive tool connects you to the right resources specific to your small business objective. Navigate through relevant topics to access information on starting a business.
Learn how to start a business »
Use this customized wizard to identify financing resources to support the start-up, development, or growth of your small business.
Learn about financial resources »
Grow Your Business
Find out how to successfully expand your small business. Explore dedicated subjects with valuable information and resources to help you grow your company.
Learn how to grow your business »
Become familiar with Federal government contracting programs. Answer a few quick questions in this wizard to find Federal opportunities that align with your small business.
Find Federal government contracting programs » Continue reading
You only get one chance to make a great first impression with angel investors.
In this webinar, Martin Zwilling, founder of Startup Professionals and accredited angel investor, will provide his insights into the world of angel investing when he discusses:
- Milestones entrepreneurs need to achieve before approaching angel investors
- Recommended preparation and processes for meetings with investors
- Timing, preparation and discussion topics for any investor meeting
[ REGISTER NOW ]
ABOUT THE PRESENTER
Marty Zwilling is the Founder and CEO of Startup Professionals as well as a regular contributor to Forbes and Entrepreneur. In addition to writing “Attracting an Angel,” Zwilling is an an accredited angel investor.
Neva Peterson founded a bookkeeping and consulting business in Las Vegas five years ago, mainly on a shoestring budget, working alone from a home office.
Before the first year ended, she’d grown Neva Knows Business enough to sublet office space, and hire a part-time employee. That employee worked more hours as Peterson brought in additional clients. Soon, it was time to hire again. Business was flourishing, but there were occasional cash shortages when Peterson needed to make payroll.
“Small-business loans are so hard to get,” Peterson says. “It’s practically like donating an organ, you have to jump through so many hoops. And, meanwhile, the clock is ticking.” Continue reading
by Gerri Detweiler
Carolyn Walters’ small business clients know they can ask her more than just tax questions. While “tax is the heart and soul of what I do,” she says as the owner of Financial Solutions Accounting and Tax in Greensboro, NC, she has expanded her business to offer a variety of different services.
“The challenges that small businesses have usually end up in my lap one way or another,” she says with a chuckle.
Walters wants to be the first resource her small business clients turn to when they have questions about small business financing and credit. “Quite a few of my clients are looking at ways to expand and grow their businesses, and that takes money,” she says.
Some of them have the funds they need to grow, but others will need to borrow. And even those who don’t have to borrow may find it advantageous to do so. “If you can get credit at low rates and still maintain the integrity of the business goals you are trying to accomplish, it may make sense,” Walters says. Continue reading