Financial Issues in Business Startup

A primary inhibitor of business start-up is that few people have the financial cushion to give up a job for the uncertain income of a start-up venture. In a recent survey, about 30% of new business founders identified inadequate funding as their biggest hurdle, and a similar amount said lenders were too conservative. About 15% reported being unable to find investors, and a similar amount claimed a lack of collateral. The prospective new business owner approaching a lending institution should keep in mind the “five … 
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The 11 Harsh Realities Of Being An Entrepreneur

From OnStartups The 11 Harsh Realities Of Being An Entrepreneur There’s always talk about the end game in the form of an acquisition, funding announcement, or eventual flame out. Hollywood has even made a movie about the founding of Facebook that glamorizes startup life instead of showing what it really is: a day in day out marathon of work with very little glamor. We rarely hear about the harsh realities that entrepreneurs face and the journey that this entails. This isn’t meant to be a … 
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Effective Elevator Speeches

Effective Elevator Speeches that Leave a Lasting Impression by Julie Brander An elevator speech is a short introduction of who you are and what your company does in about 200 words or less. It should highlight your uniqueness and focus on the benefits that you provide. It is delivered in an enthusiastic upbeat way, introducing yourself, shaking hands, having eye contact, engaging the potential client and handing out a business card. A good elevator speech would include: The services or features that you provide. The … 
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Exhibit 3 Fabrications Climbs Roller-Coaster Hills of Small Business Success

Contact: Melinda Zemper May 23, 2014 Phone: (513) 706-3737| Email: mzemper@fuse.net Exhibit 3 Fabrications Climbs Roller-Coaster Hills of Small Business Success Exhibit 3 Fabrication s, LLC of Erlanger has the ideal formula for its small business success: do good work, maintain client relationships and watch the work stream in. The signage, industrial display and exhibit fabricator has been named a greater Cincinnati SCORE Client Success for growing from three to seven employees in its second year in business. David “Dude” Johnson of Hebron, Ky., and … 
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Location, Location, Location!

Frank Raeon, a mentor and counselor at SCORE here in Cincinnati has published a book recently called “The ABC’s of Site Selection: How to Pick Winners and Avoid Losers” The book is available at AMAZON, Barnes and Noble and Alibris to name a few. The Cincinnati Enquirer published a story about Frank on February 4th 2011. <Click Here> for the article in the Cincinnati Enquirer. We borrowed the text from the Cincinnati Enquirer and entered it below: The first three rules of real estate have … 
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Marketing vs. Advertising: What’s the Difference?

From marketing.about.com. By Laura Lake. See original article. You will often find that many people confuse marketing with advertising or vice versa. While both components are important they are very different. Knowing the difference and doing your market research can put your company on the path to substantial growth. Let’s start off by reviewing the formal definitions of each and then I’ll go into the explanation of how marketing and advertising differ from one another: Advertising: The paid, public, non-personal announcement of a persuasive message … 
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11 Ways to Fund Your Start-Up

Provided by Glenn Clevenger, Cincinnati area SBA Director For many startups, a primary difficulty lies in acquiring the funding for startup expenses and through the early part of operations until the business becomes profitable. Here are some ideas as to how the entrepreneur might finance a startup                                        Personal Savings – This is the way most start-ups are funded, but be sure to set aside enough to live on until the business reaches breakeven. Also, don’t drain all your funds getting started as you may need some in … 
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Sources of Start-Up Capital

Adapted from Entrepreneur Magazine See original article By Stever Robbins. His Web site is http://www.venturecoach.com. Don’t forget about the not-so-obvious sources in your quest for cash. You’d never think it from the media hype, but most businesses aren’t funded by venture capitalists. Most entrepreneurs find money through banks, private investors (friends, family and business associates), suppliers, customers or professional angel investors. The source you choose determines how you raise the money as well as how you pay it back. Here’s a breakdown of your options: … 
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SCORE Mentoring

SCORE has been counseling new and existing businesses for over 50 years in the Greater Cincinnati and Northern Kentucky area and has a network of over 100 business executives who donate their time to help entrepreneurs. Sign up today for free confidential business counseling in a one-on-one or group setting tailored to fit your needs. Counseling can be conducted at the client’s place of business or at one of our many greater Cincinnati locations. To help you to better understand the mentoring process, we have included below … 
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Trusting your Customer?

This post has nothing to do with small business specifically but it has a lot to do with sales and opportunities. I was reading a post on another blog where the writer was explaining that his company could provide: The Best Price The Best Quality The Best Delivery Please pick any two! The above reminded me of one of my life’s experiences! Many years ago I went on sales training with Varian Associates to be a Electron Device Group Sales Engineer. Ultimately I nailed the … 
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