Best ways to finance your small business

Posted by on August 11, 2009 in entrepreneur

Show me a successful entrepreneur and I’ll show you someone who understands how money works.  Personal finance and entrepreneurship are highly inter-related disciples. What makes one a successful entrepreneur also makes one a good manager of money. Just as improper use of credit card debt can begin a debt spiral for most people, a recent [...]

How to pick the right business partner

Posted by on June 25, 2009 in entrepreneur

Ever consider buying a house with a friend to flip? Starting a hobby or full-time business with a colleague?  Co-coaching a children’s sports team with a neighbor? We often are presented with opportunities to partner with someone whether it be a formal business venture or something a little more recreational. No matter what you want [...]

5 questions you need to answer when starting a business

Posted by on June 10, 2009 in entrepreneur

Studies  show that the number of people starting businesses is largely insensitive to economic cycles even though the circumstances of why people start businesses tend to change. For example, recent studies of entrepreneurship reveal that the largest demographic starting businesses are in the 55-64 age group, perhaps suggesting older workers would rather control their own [...]

Are small businesses a better sign of a recovery than the stock market?

Posted by on April 20, 2009 in entrepreneur, Investment Information

The North American stock markets have been steadily rising for over a month. Many of the major financial institutions are reporting a return to profits and an expectation that things are returning to normal.  Recent research by JP Morgan points out that most bear markets last, on average, 19-21 months and this bear market is [...]

Starting a business? 5 tips to bootstrapping your small business

Posted by on March 25, 2009 in entrepreneur

Suddenly, starting a business has become cool. The Economist calls entrepreneurs the “Global Heroes.” There is a stimulus package aimed at small business and encouraging banks to loan money to small businesses and MBA schools are retooling their curriculum towards producing graduates who start new business rather than joining the investment banking ranks. Lot of [...]

Entrepreneurship as a personal finance choice

Posted by on February 3, 2009 in entrepreneur

Small and medium sized businesses tend to be good sources of economic growth during down-times (and surveys indicate in good times too). One obvious reason is that many ex-employees simply start a business as opposed to finding another job where the prospects of new positions are not very good. The Economist also pointed out recently [...]

A roadmap to turning around your personal finances

Posted by on January 26, 2009 in entrepreneur, Investment Strategy

A “turnaround expert”, embodied in the C-level position of Chief Restructuring Officer (CRO), is a relatively new concept in the business work. As the title indicates, this person’s role is to basically turn around businesses which have inherent value but need to be saved.  Is there anything that you and I could learn from a [...]

Top 5 mistakes in starting investing (and a business)

Posted by on November 20, 2008 in entrepreneur

In a previous life, I use to meet a lot of people with start-up businesses. They are absolutely great people to meet because they possess so much energy and passion. It is like having a bolt of energy walk into your office.  But, alas, you also become good at figuring out which start-up businesses will [...]

Is it worth pursing your business idea? Consider your cash flow.

Posted by on October 29, 2008 in entrepreneur

Four Pillars writes a great series of posts on entrepreneurship. His “wacky” business ideas (his words) are not so wacky to me. But for those who sit in colorless cubiles dreaming up business ideas, the question becomes is a business idea truly worth pursing and, if so, at what cost? Seasoned entrepreneurs can tear a [...]