Angel Investors: A Blessing For Start-Up Entrepreneurs!
This is a guest post by Priscilla Solomon. Priscilla is a finance blogger and debt adviser at OVLG.
Gathering funds for starting a business is really tough, when you are a fresh entrepreneur looking out for opportunities to turn your dreams into reality! Nothing is more disappointing than seeing your dreams crumble due to lack of money! That is why the Angel Investors form a great source of aid as well as encouragement for the start-up entrepreneurs.
Learn MoreWhen Should A Late Customer Get Cut Off?
When owning a business one of the important parts is ensuring you have cash flow. No cash flow equals a dead business. Collections are a critical aspect of your cash flow. You have to make sure customer invoices are paid in a timely fashion. The question with a late paying customer, when should you cut them off? I don’t have to tell anyone times are tough. The economy is still in the dumps, and more than likely will be for quite a long time in the future. I have compassion for my customers that are struggling, but up to a point.
How is Investing and Owning a Small Business Related?
When I first created and named this blog, my wife asked me the question “How is investing and entrepreneurship related?” She didn’t see the connection. Perhaps my audience doesn’t either, and I’ll explain. They are very much interrelated.
With index funds, you are investing a bucket of companies that match specific criteria. For example, the S&P 500 is a very common index. To the average observer, the S&P 500 looks like a mystical black box, and in a way it is. The issue is it’s hard to relate to a specific company within the index. There is nothing wrong with index investing, and I believe it’s an easy way to invest and beat 80% of the active mutual fund managers in the process. It’s a very passive process and you are betting that the pool will do better over time. What makes index investing great, can also lead to just average performance. For the purpose of this article I won’t talk about proper asset allocation, but that is one method to help improve passive investing.
Learn MoreDo You Value Your Time Or Your Money More?
A guest post by Erica Douglass, on Get Rich Slowly has caused a great stir in the personal finance blogosphere. I’m sure readers were expecting the typical post of how to save more money by skipping that extra latte from Starbucks. Instead they got more than what they paid for (which was nothing). After all, most personal finance blogs discuss the same mundane things you might see discussed with “The Oracle of Berkeley” – Suze Orman. It’s the typical mantra – get out of debt, live frugally, make sure you save, and have an emergency fund. You get the idea. It’s the basic stuff that should have been taught in school, but wasn’t. What if you have all done all of the right things, what’s next? Is it possible (gasp) that people have followed their good advice (with some bad) and now past that point? This was one of the reasons I created the blog. Most of the personal finance blogs discuss the same things, but rehashed a different way. After all, personal finance is not rocket science. Spend less than you earn, and invest the difference. Erica’s guest post is somewhat out the box, and discusses what seems to be a taboo subject to most. Assuming you have some level of financial success, how can you start using this to your advantage? Her post discusses outsourcing tasks to others. I think the people objecting to her post, more than likely are employees, and never owned a business. I saw posts more or less stating, is she too lazy to do the “common man” tasks herself? In addition, how dare she hire someone outside of the US. After all, there are good people unemployed in the United States.
How I Learned Everything About Business By Owning A Lemonade Stand
Long blog post title, but you get the point. Ever since I was a little child I can remember wanting to own a business. In my exit interview from Clemson University they asked me about my long-term career goals. In an almost knee-jerk reaction, I said to own my own business in the computer industry. Today I can say I fulfilled my dream and did just that. Maybe it was my own father constantly pounding into me the statement, “Don’t ever work for someone else. Start your own business!” After all his father owned a jewelry business, and I think my father regretted never following in the same footsteps. I guess from an early age, I knew that if you want to be financially successful, controlling your own destiny was the way to go.
2010 Is Here! Where’s the Monolith?
The year 2009 is slowing winding down and we are now approaching 2010. A few weeks ago, I was watching HDNet and they had on the movie “2010 – The Year We Make Contact“, and was thinking how “2010″ will NOT be like 2010. We don’t have super intelligent HAL computers, we don’t have a manned space flight to Jupiter, there is no monolith hanging out around Jupiter, and most interesting Russia no longer exists — at least how the Soviet Union was depicted when the movie came out. Two things struck me odd as I was re-watching the movie:
- As a 13 year-old boy I vividly remember watching that movie thinking my future will be something like this in 2010. Unfortunately fiction sometimes does not match reality.
- The movie came out in 1984 (over 25 years ago) and thinking what goals and dreams I’ve had in the past 25 years. What have I achieved and what things I still want to do.
Merry Christmas! We are Canceling Service with your Company
Let’s talk about risk management. I pretty much know I’m loosing a customer I’ve had for over ten years. It’s not official, as the client hasn’t contacted me. I’m obviously not happy about it, but the relationship has been like a bad girlfriend for the entire term. Have you ever have a client that wasn’t a match to your business philosophies and beliefs? This one was the perfect miss-fit. Over the years the manager has blamed us for many issues, and we were the scapegoat for his inept ability. With this client in particular, everything was documented and triple checked before we said it. We all made sure that our I’s were dotted and our T’s were crossed.
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