By Shannon Leonard
We’ve written before about how to maximize startup revenues through strategic startup finance and various other strategic initiatives. And to be sure, stretching every bit of capital you have in the early going is a fundamental necessity for any small business just starting out. But finances continue to be challenging for business owners long after the initial startup process, and sometimes this goes unaddressed in pieces of advice for business owners.
Specifically, the idea of what a business owner ought to do with profits once they start coming in is not discussed frequently enough. It can be such a massive undertaking to generate profits in the first place that a lot of people don’t know how to make the most of them once they arrive. As a reminder, “profit” refers specifically to whatever revenue is left after addressing necessary expenses (debts, costs of operation, payments to employees, maintenance, etc.). Often, the temptation is to pocket the profits, given that the ultimate goal of any startup is to earn money.
How to Fund Your Startup Using Business Credit and Loans
This is what you do when investors are not interested in funding your startup.
This is a general overview that anyone in the US can use (not sure how credit works in other countries) to obtain a quick $5-50k in funding. First let’s look at what that really means:
How to raise capital for your startup.
Very insightful panel discussion on successful capital formation 3ith three of Silicon Valley’s finest.