Learn To Walk Before You Run

Learn To Walk Before You Run

“Nothing is impossible. The impossible just takes a little longer.” Your biggest goals will be filled with doubts, roadblocks and more than one surprise! Focus, discipline and determination are mandatory requirements to crush even your smallest objectives, one by one. While the media glamorizes the startup life, there are no shortcuts! Do the homework and seek the right support to lay a solid foundation upon which build...
Always Play Nice But Be Bold

Always Play Nice But Be Bold

“Work until your idols become your rivals.” ~ Drake In this competitive world, most often than not, small business owners put themselves out of business. Competitors have nothing to do with it. Learn from your competition’s success, analyze their strength and weaknesses, adopt models that work, and push your innovation forward. Always play nice but be...

3 Major Reasons to Secure Funding Now!

There are signs within your business telling you it’s time for funding (cf ‘5 Indicators It’s Time For Funding’). But there are also external factors and trends weighing on your ability to leverage the cash. Here are 3 major reasons to secure funding immediately: Threat of Government Shut Down The Office of Management and Budget (OMB) states that these are the risk to small businesses as a result of the government shutdown. Federal loans to small businesses, homeowners and families in rural communities will be put on hold. Private sector lending to individuals and small businesses will be disrupted, because banks and lenders will not be able to access government income and social security number verification services.   Interest Rate Hikes Transcript from a PBS interview between Anchor Hari Sreenivasan and Eric Platt, Financial Times Reporter states: Rise in interest rates impacts businesses access to capital and increases cost. Also impacts consumers and businesses decisions to incur debt, thereby reducing businesses selling capacity.   End of Year Tax Benefits Interest from loans and equipment purchased/financed before the end of the year may qualify for tax deductions and possible accelerated depreciation: Equipment purchases are eligible for Section 179 deduction treatment: 2015 deduction limit of $25,000 (normally $5,000) 2015 spending cap $200,000 Must be financed/purchased and put into service by the end of the day, 12/31/15. Tax deductions for interest paid on loans for businesses.   You have always heard that he with the cash makes the rules! By capitalizing now you will be positioned to take advantage of lowest rates currently available, cash flow to manage inventory to buy in...
Why You Need To Surf Your Own Wave

Why You Need To Surf Your Own Wave

“You can’t stop the waves, but you can learn to surf.” ~ Jon Kabat-Zinn There is no such thing as an original business idea. Someone, somewhere, has already thought of your concept and implemented it to some extent. But this has never prevented entrepreneurs to succeed. New businesses are created around a smart innovation on an existing concept. Create your own wave and learn to surf...