To Venture or Not To Venture
A Look at Venture Capital
Often times, minority business owners are reluctant to apply for business loans for fear of receiving too little credit, having to pay outrageous interest rates, putting up higher collateral, or total rejection. So, the question is asked – what can you do as a business owner to get the necessary working capital to take your business towards the next level of success?
Venture capital (VC) may be the solution. Simply put, VC is a type of private equity - a form of financing that is provided by firms or funds to small, emerging firms that show high growth potential. VC financing can take the form of debt, equity, or mezzanine financing. Interested in learning more? Visit our website, and discover helpful tips and advice.
The Business Opportunities in Central America Webinar Series will provide valuable insight to new and experienced exporters who will gain knowledge of export opportunities in this dynamic region. Companies will learn about best prospects, legal considerations, global logistics, export financing, eCommerce, leveraging CATA-DR, and export tax incentives in 7 countries in Central America. Participants will also understand and appreciate the cultural differences, economic conditions, and technological capabilities of potential partners.
The decision has been made. You have decided that XYZ bank is the bank-of-choice to lend your company some badly needed capital. Now is the time to pay that banker a visit, right? Wrong.
Once you sit down with a business banker, you will need to answer a variety of questions about your financial needs and business goals. If you do a little homework before hand, answering those questions thoroughly may ensure a smoother, and possibly quicker, loan application process. Below are a few of the questions that most commercial lenders will want answered before your loan application can proceed.
When large scale disasters hit an area, the infrastructure failure is particularly damaging to small businesses. Recent flooding in Louisiana points to a hard rule: when your business is cut off from clients, vendors and critical staff, the economic losses continue long after the cleanup is done.
The key to protecting your assets and becoming resilient in the face of a natural disaster, cyberattack, or random power outage is having a solid business continuity plan. The cost of developing a plan is low, compared to the long-term financial losses that could occur when you’re caught off guard by a crisis.
One of the most effective ways to grow your business is also one of the oldest: networking. While it may not get as much buzz these days as social networking sites like Facebook and Twitter, old-fashioned, face-to-face networking is still essential for building a business.
If networking makes you nervous, try these tips to make it easier, more effective and maybe even fun.
1. Set goals for networking. Like any business effort, you need to set measurable goals so you can determine the best networking strategy; such as making X number of new contacts or qualified leads per month.