How to Break Through the 4 Common Barriers to Small Business Funding

When Tuesday, September 20, 2016 5:00 pm – 7:30 pm Where Center for Entrepreneurial Innovation (CEI) Networking at 5 PM … Program starts at 5:30 PM   REGISTER NOW – IT’S FREE! How to Break Through the 4 Common Barriers to Small Business Funding Hosted by Business Breakthrough Academy   Every business needs it, whether to bring your ideas to fruition or to capture fast moving opportunities. Yet securing capital is one of the most challenging tasks for entrepreneurs. What will it take to get your company funded? We will cover the 4 keys to virtually guarantee your funding. In this workshop you will learn: What is your borrower persona? Which capital sources match your borrower profile? When is the best time to secure funding? How to prepare a funding package? By adhering to these principles you will have a greater chance of getting a check!   André F. Wilson Managing Partner Capital acquisition specialist with experience and knowledge in negotiating, structuring and securing capital. Mr. Wilson has served on Wall Street as an Investment Banker locating and developing companies to bring to market. This experience has proven to be invaluable when assisting companies with securing capital to achieve next level growth.   SAVE YOUR SEAT...

The Best Business Tips I Never Received (But Wish I Did)

What are the best business tips you have ever received? Sometimes it just takes a few words that deeply resonate with you to help you see clearly the path forward. Most of the time though, as entrepreneur, it’s more about a confused and doubtful state of mind than about ah ha moments. You have to sort through all the business tips you received, mostly unsolicited, and all the business ideas your busy mind generates around the clock. These are the most valuable business tips I have never received (but wish I did)   Success takes unambiguous hustle Hustle doesn’t get the respect it deserves in the business world. When you hear the word hustle, you may think of a less-than-legit street deal or of your favorite basketball player hustling up and down the court. In business, if you are afraid to promote your business outside of your comfort zone, if you do not build that prototype with whatever you have, even if it looks like a kindergarten project, etc., you are not hustling.  Let me clarify this: true hustle is an act of focus, not a frenzy. Why is focus so important? Focus is the framework for all thinking: learning, reasoning, problem solving and decision-making. Hustle is like math: some are born hustlers but others have to study hard to acquire this necessary technique.   “Work like there is someone working 24 hours a day to take it all away from you” ~ Mark Cuban Hubris is more dangerous than ignorance Founders are usually convinced that only they can lead their startup/company to success. There is some truth to...
How Do Financial Statements Help Your Decision Making?

How Do Financial Statements Help Your Decision Making?

Even if you are a passionate and committed business owner, spending hours delving into the detail of your company’s financial performance may sound terribly unappealing.  Yet businesses are made and broken on the decisions that are made. Therefore, how to use the information obtained from your financial statements to make better business decisions begins with understanding of the main three financial reports used. The three financial reports that are usually used to make a business decision are the Balance Sheet, Income Statement, and Cash Flow statement. Your financial reports must be accurate and GAAP (Generally Accepted Accounting Principles) compliant. It would be very difficult to make good decisions based on inaccurate information. The Balance Sheet: The balance sheet is a summary of the financial balances i.e. assets, liabilities, and equity of a company at any GIVEN time. It depicts a picture of the strength of the company and days of working capital i.e. how easily can a company handle changes in revenue while staying afloat. Balance sheets can also identify other trends, such as how the receivables cycle works, how net profits are being used, and how often equipment is replaced. The Income Statement: The Income Statement, also known as Profit and Loss Statement (P&L), reflects the company’s revenue and expenses DURING a particular period of time.  The purpose of an income statement is to show how the company has performed, by listing sales and expenses, and the resulting profit or loss. The Cash Flow Statement: The Cash Flow Statement simply states the inflows and outflows of cash during a finite period of time. These movements of money will account for the...

Why Entrepreneurs Should Be Prepared to Survive a Contagious Zombie Outbreak

My first question to entrepreneurs is what makes their company different and I cannot tell you the number of times I hear: “We are an easy-to-use software with all the tools you need.” “We are a one-stop shop.” Nobody cares! That’s just the honest truth. It just means that compared to competitors you’ve put things together. Why is that important to your customers? The human brain is built to minimize effort. We rely heavily on what we know, on how we are used to do things and on what we expect them to be. Unfortunately, this means that other people (customers, employees, partners, etc.) aren’t making much of an effort to understand you, your product or your company. As leaders, it is your job to ensure that the company’s purpose is really being heard, so you can have the impact you deserve. That’s what strategy does: It determines what the company’s identity will be, why it will matter, and to whom. Stop thinking about it as a dusty plan sitting on a shelf. Strategy is the beating heart of your company. Most entrepreneurs go through their day in a zombie-like trance, lacking purpose and ultimately causing the contagion of apathy on everyone around them. As a result, many businesses fail due to the consequences of their unintentional actions. Entrepreneurs can learn a great deal from taking preemptive measures to avoid the spread of this infectious self-sabotage. Here are my tips on surviving a contagious zombie outbreak.   Assume everyone is contaminated It is totally acceptable to be paranoid! In today’s connected world, our daily media consumption is such that it has turned...