Tuesday, November 17, 2015

SBDC Go Mobile! Small Business Event, Pasadena, CA 11/18/15






Where: Community Education Center
3035 E Foothill Blvd Room #228
Pasadena, CA 91107
For registration, Register Now!

When: Wednesday, November 18, 2015 from 1:00 PM to 3:00 PM (PST)

Register now and use promotion code: Earlybird to get 50% off full ticket price!

Come join our industry expert,  MICHAEL FLANDERS for a 2 hour workshop.
Learn what you can do right now to help your business adapt to mobile web technology.
Learn how to convert leads to opportunities with a digital marketing strategy and social media tools.
Learn how to adapt your sales goals, processes and analytics to mobile phone and tablet technology.
This is the ideal workshop for anyone interested in what mobile capabilities and digital strategy can do to extend your customer reach.

Register now and use promotion code: Earlybird to get 50% off full ticket price!

For registration, Register Now!
Learn more about Michael's seminars here.

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Friday, October 30, 2015

2015 IRA Contribution Limits

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Retirement Topics - IRA Contribution Limits

For 2015 and 2016, your total contributions to all of your traditional and Roth IRAs cannot be more than:
  • $5,500 ($6,500 if you’re age 50 or older), or
  • your taxable compensation for the year, if your compensation was less than this dollar limit.
The IRA contribution limit does not apply to:

Claiming a tax deduction for your IRA contribution

Your traditional IRA contributions may be tax-deductible. The deduction may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels.

Roth IRA contribution limit

The same general contribution limit applies to both Roth and traditional IRAs. However, your Roth IRA contribution might be limited based on your filing status and income.
For more information, refer to https://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-IRA-Contribution-Limits 
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Monday, October 26, 2015

Free Conference Call: Get your way in ANY situation!

Business Communications Conference Call
Free Conference call with Aikerson Consulting Group


Today in business you have many, many chances each day to understand and be understood in our business communications.

How often do you feel uncomfortable during or after a conversation? You know, that feeling things didn’t quite go as planned or you have that nagging feeling something isn’t quite right?
Attend our next FREE Conference Call and learn how to make sure you are heard and understood. You’ll learn how to deal with difficult people to reduce frustration and confusion from dealing with those people.

Communication skills are a learned skill. Take yours to the next level and attend our next Conference Call:  Get Your Way in ANY Situation.

Tuesday, October 27th
Choose 1 p.m. or 7 p.m. Eastern

Register here and learn how to get your way without fear or conflict
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Friday, October 2, 2015

The Wharton School's African American MBA Association (AAMBAA) cordially invites you to The 42nd Annual Whitney M. Young, Jr. Memorial Conference taking place on November 6-7 at The Ritz-Carlton, Philadelphia.

Creating Impact in Business and Society
The theme for this year's conference is "The New Black: Creating Impact in Business and Society". Our theme reflects the complexity of our time; African Americans have made unprecedented strides in business and politics, yet there are only 5 African American CEO's at the helm of Fortune 500 companies as well as a seemingly endless stream of unprosecuted occurrences of police brutality. 2015 has left us with a preponderance of evidence reminding us that we do not yet live in a post-racial America, and that Whitney M. Young, Jr.'s work is just as relevant now as it was during the Civil Rights Era. This year's conference will highlight a range of social, political and economic issues facing the African American community, including, but not limited to, the tech divide in Silicon Valley and the impact of urban development on lower-income communities. Our hope is that attendees leave with a wealth of information to not only apply to their own careers but also to their own communities and continue the efforts that Mr. Young started years ago.

New Venture Competition
  • Working on the next big venture? Submit your business plan for a chance to pitch your idea to a group of accomplished venture capitalists and entrepreneurs at the conference
  • Winning team will receive a free mentorship session with a venture capitalist, entrance into Black Enterprise Magazine's annual Entrepreneur's Conference, and a finalist position in Black Enterprise's annual Pitch Competition for the chance to win $10,000
What: Whitney M. Young Jr. Conference (hosted by AAMBAA, Wharton School of Business, University of Pennsylvania
When: November 6-7, 2015
Where: Ritz Carlton Hotel, Philadelphia, PA, USA
Registration link: See below or click here

 Creating Impact in Business and Society
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Wednesday, September 30, 2015

What Is Your Board’s Distinct Culture? Connecting Takes Courage

I believe strongly in having a board of directors or, at a minimum, a board of advisors / advisory board, to help you run your business. The input can be invaluable. However, if the board does not get along, this can have a disastrous impact on your business. This article by Ralph Kikkert will provide you with examples and insights to help ensure that you have the harmonious, effective and productive board you seek. – TCW - See more at: http://theresourcefulceo.com/2015/09/what-is-your-boards-distinct-culture-connecting-takes-courage/#sthash.c2bJGenz.dpuf
I believe strongly in having a board of directors or, at a minimum, a board of advisors / advisory board, to help you run your business. The input can be invaluable. However, if the board does not get along, this can have a disastrous impact on your business. This article by Ralph Kikkert will provide you with examples and insights to help ensure that you have the harmonious, effective and productive board you seek. – TCW - See more at: http://theresourcefulceo.com/2015/09/what-is-your-boards-distinct-culture-connecting-takes-courage/#sthash.c2bJGenz.dpuf
I believe strongly in having a board of directors or, at a minimum, a board of advisors / advisory board, to help you run your business. The input can be invaluable. However, if the board does not get along, this can have a disastrous impact on your business. This article by Ralph Kikkert will provide you with examples and insights to help ensure that you have the harmonious, effective and productive board you seek. – TCW - See more at: http://theresourcefulceo.com/2015/09/what-is-your-boards-distinct-culture-connecting-takes-courage/#sthash.c2bJGenz.dpuf
What Is Your Board’s Distinct Culture? Connecting Takes Courage

I believe strongly in having a board of directors or, at a minimum, a board of advisors / advisory board, to help you run your business. The input can be invaluable. However, if the board does not get along, this can have a disastrous impact on your business. This article by Ralph Kikkert will provide you with examples and insights to help ensure that you have the harmonious, effective and productive board you seek. – TCW - See more at: http://theresourcefulceo.com/2015/09/what-is-your-boards-distinct-culture-connecting-takes-courage/#sthash.c2bJGenz.dpuf
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Wednesday, September 2, 2015

To Reach New Customers Understand Your Current Customers

Nurturing current customers not only leads to more revenue per customer, but helps you understand future customers better.
Many business owners neglect current customers in their pursuit of new customers. This does not bode well for increasing revenue per customer. Understanding your current customers - their needs, wants, purchasing habits, demographics, and more - will help you better serve your current customers and... identify and attract future customers.

How did your current customers find you?

Do you ask your customers how did they find you? Was it word of mouth through a friend or business associate? Did they hear you speak at an event or see you at a tradeshow? Did they see an ad or read an article about your business? You need to know this to determine how your marketing and PR efforts are working and where to spend your money going forward.

For example, if your customers heard about your business through word of mouth, then you should focus more efforts on referrals. If they saw your ad, then you need to continue to run that ad.

Use an online survey tool.

If you've never asked your customers how they heard of you, you can use an online survey tool such as Survey Monkey or similar tools through online email service providers such as Constant Contact. If you have customer email addresses, you can email out this survey to them. Otherwise, you can host the survey on your website and put the web address on your written marketing collateral.

An online survey is a fast way to obtain a good overview of the marketing efforts that have been working for you (and those that haven't). This information will help you in pursuing new customers AND increase the impact of your marketing dollars.

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Sunday, August 30, 2015

Free Online Marketing Event: September 2, 2015

Marketo online marketing event
This marketing event is online, no need to physically be there!
[FREE Live Online Event] Marketing Nation Online | 30,000 Marketers, 25+ Sessions, 1 Amazing Online Conference | Register Now for September 2

Ready for the year's most innovative online conference for marketers? Don’t miss the chance to join Marketo on Wednesday, September 2nd from 9:30am - 1:00pm PT for Marketing Nation Online 2015! Recordings will be available for replay only for those who register, so don’t wait!

Click here to find out more: http://bit.ly/1Lh2YtT

Here's a sneak peek of the exciting agenda at Marketing Nation Online this year:

- Learn from over 25 of the brightest minds in the industry
- Participate in four different tracks to hear best practices
- Get insight into the next era of marketing
- Take away the latest learnings to share with your team

Log in right from your desk and join an international community of marketers sharing ideas and inspiration! Don’t miss out, register early here: http://bit.ly/1Lh2YtT

Questions? Send an email to virtualevent@marketo.com 

Here’s to your success,
Mike Crosson
Moderator and Publisher
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Monday, August 24, 2015

Investing Basics for Novices

Investing provides the funds to aid your financial health.
Money is the foundation of your financial health! Investing provides money / passive funds.
This article is targeted to new, start-up business owners and newby investors. It is in response to a journalist question on the subject. This is NOT an article dedicated to the business owner perspective. For those, you must read my Cash for Impact (www.cash4impact.com) blog or the The Funding Is Out There! (www.thefundingisoutthere.com) blog. 

Use Your 401K!

Invest as much as you can in your 401K. If you are in the 25% tax bracket, your $1,000 contribution will only reduce your net take home pay by $750 because you saved 25% in taxes via your pre-tax 401K contribution. (I often share this tidbit with recent graduates in their first decent-paying job. They are always amazed by this when I do the math for them.)

Buy a house.

If you intend to stay in your city for a while and you make a high income, buy a house. I moved every 2-3 years for the first 10 years of my career but I bought a house in every city I lived in (except when I lived overseas!). There are plenty of first time homebuyer programs out there so you can get by with 5% or lower downpayments. You can sell the house when you move or rent it out. This practice enabled me to build my net worth quickly. In addition, I know other young homeowners who had roommates. Those roommates allowed those homeowners to pay off their houses in 8-10 years, instead of 30. (As an engineer at Honda, three of my fellow engineers, all male, did this after buying their first home at 21-23 years of age. I think young guys room together more often than young women but I may be wrong.)

Utilize the stock market.

If you want to invest in the stock market, invest in index funds until you determine what companies you want to invest in and gain familiarity with “direct” investing. I read Bogle’s book (and 15 other books) on investing in my first two years investing in the stock market. Index funds have MUCH lower fees, few if any hidden fees, and these track the market index. Rarely does a mutual fund manager beat the market index over extended time periods (i.e., 15 years or more).
Before you commit to investing significant funds in individual stocks (no specified dollar amount - whatever is significant to you), set up portfolios on Yahoo finance and track your performance. Do this for 6 months. It’s better to lose fake money while you become more comfortable with investing than to lose real money!


Remember, I am NOT an investment advisor. This article is meant solely for instructional purposes , to get you started with investing. You can move as fast or as slow as you are comfortable, but the point is to take some action now. Investing increases your net worth, which provides you with the financial security to help you take the leap into business ownership. Later, as a successful business owner, you will need to pull money out of the business to avoid having all your net worth tied up in the business. This article is one way to start on the road to all this!
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Thursday, August 6, 2015

Podcast: Kemi Egan speaks with Tiffany C. Wright

Kemi Egan speaks with Tiffany C. Wright
Join me, Tiffany C. Wright, in a podcast hosted by Kemi Egan of Freedom Academies. According to the Freedom Academies web site, "Freedom Academies was created for you.  We have created a community of entrepreneurs building ethical, sustainable and substantial wealth in the FAST LANE using the latest wealth creation, business growth and real estate investing strategies."

Kemi and I spoke for over 45 minutes regarding financing your business, operating your business, and growing it to the point that is suitable for you as a business owner. Here is an excerpt from the podcast description: "Over the last seven years, Tiffany has helped small companies obtain over $40 million in financing and a similar sum in contracts and purchase orders, first as a small business advisor then as an interim CFO and COO."

To listen to the podcast, go to: http://freedomacademies.com/tiffany-wright/
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Wednesday, July 29, 2015

Funding Podcast - Today's Leading Women

Marie Berg - radio interview with Tiffany C. Wright
Today's Leading Women website
Today’s Leading Women provides listeners with informative, insightful interviews of women achievers. According to Marie Grace Berg, the podcast program’s host, “Today’s Leading Women listeners are both entrepreneurs as well as aspiring entrepreneurs who are looking for inspiration, a role-model, someone they can relate to in their quest for business success.” Marie Grace also stated, “I’ve always admired successful people, particularly women…I realized that’s exactly what I wanted to do…Thus, the birth of” the program.  Marie Grace’s interview of Tiffany encompasses not only The Funding Is Out There! and small business financing but also Tiffany’s journey to serial entrepreneurship, her biggest lessons, obstacles she’s overcome and sage advice she has for other business owners. This podcast interview is now live, available for listening at www.TodaysLeadingWomen.com/tiffany-wright .
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Thursday, July 23, 2015

Corporate Formation: LLCs, LLPs, INCs, Oh My! - Atlanta area event

Legal books - corporate formation
An attorney is a critical asset during the formation of your business.
Corporate Formation:
LLCs, LLPs, INCs, Oh My!
A part of the WBC’s Lasagna with a Lawyer Series 

This is your chance to ask all of your burning legal questions! 

Do you know the difference between registering as a LLC, LLP, or Inc.? Are you trying to start a business, but want to learn more information about the process for setting up a business, the necessary documents, tax implications, and more? 

 Have Dinner with one of the top Business Lawyers in the Metro Atlanta Area, Sharon Thornton of Smithers, Thornton & Ume-Nwagbo, LLC (www.stulawgroup.com). STU provides comprehensive legal services to start-up, small, and mid-sized companies with a 360 degree approach. STU focuses on Commercial Litigation, Corporate Law, Employment Law, and Employee Benefits. Sharon Thornton has developed a “hybrid” corporate practice that focuses on intellectual property licensing, outsourcing, and comprehensive, multi-faceted contract review, drafting, and negotiation. Sharon has a real passion for working with small businesses.
August 6th, 2015
6:00pm - 8:00pm
ACE Women’s Business Center
10 College Street, NW
Norcross, GA 30071
Dinner will be served!
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. Registration is free for participants!
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Friday, July 17, 2015

Radio Interview - Let's Talk Good Business, Tiffany C. Wright

I, Tiffany C. Wright, who wrote The Funding Is Out There! Access the Cash You Need to Impact Your Business, am the featured guest on approximately 40 podcast and radio programs. In the coming weeks, I will be sharing some of those that are currently available for download. 

I was also a guest on Let’s Talk Good Business, a radio program on WDJY FM in Atlanta, Georgia. The program is hosted by Dr. Dionne Mahaffey. The program originally aired on May 28. The replay was made available in June. See the embedded tweet below for more details.

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Thursday, July 9, 2015

Leaving a Legacy: Can your Small Business Become an Enterprise?

Whether or not your small business can become an enterprise depends on the questions you ask yourself and the decisions you make.
Building a small business into a true enterprise is no easy task. Without solid planning and the right procedures in place for running and growing your business, it can prove to be impossible. Setting up a strong strategy and mission statement for your company can help you succeed in the years ahead and grow your business into a legacy you can be proud to leave behind.

Don't Do It Alone 

Many small business owners who run a solo practice mistakenly think they can grow their business on their own. A successful business requires professionals who can perform their jobs at a level of expertise not possible without the right training. Lawyers, accountants, salesmen, and other experienced leaders within the company are needed to help your business grow. If you are facing a lawsuit, find a firm who can walk you through the process. If you aren’t getting enough clients, find a marketing professional to work with who can refine your search and demographic. Basically, if you aren't yet hiring people after a year of effectively building your start-up, you're doing something wrong. Successful business owners own the business, but they don't go it alone. They delegate responsibility to qualified personnel that can get the job done well.

Don't Work Harder 

Working harder or longer hours is not the way to grow your business. Whatever time you're putting in now can be magnified by simply doing what you already do on a larger scale. Don't take every opportunity that comes your way, if it's only going to take time away from larger, more lucrative projects. A brand new partner might not be the best option if you’ve just started expanding your client pool elsewhere. Find ways to prioritize and make a list of what needs to be taken care of first, second and third because some things can wait or be delegated out. Take on bigger projects, and spend the time you would spend on smaller projects advertising to the right people. Figure out who matters in your industry, and cater to those individuals to get the most profit and benefit from your work.

Don't Wait until You’re Ready 

You will never be ready if you wait until you think you are. Create a plan of action, review it with a few trusted professionals in the field, tweak the plan as necessary, and take action. Create a plan that will take you step-by-step through the process of building up what you already have. This might require help from assistants and collaborating with each part of the company to find out where you can or can’t expand. Determine what is keeping you from building it to the scale you want. If you have the inventory or service, but need to build your customer-base, spend more time participating in your community and developing a marketing campaign. Get out and remain an active and influential voice for your profession. Decide on your team of professionals, and make sure you review all your business procedures with lawyers, accountants, and other professionals who will help you work through your business plan and mission statement and put you on the right path. You won’t get anywhere without help so network in the field, find friends in other industries, and get started building off of the success you already have.

About the Author

Brooke Chaplan is a freelance writer and blogger. She lives and works out of her home in Los Lunas, New Mexico. She loves the outdoors and spends most her time hiking, biking and gardening. For more information on the legal processes involved in providing for your business contact an Islamorada Lawyer. You can connect with Brooke via Twitter @BrookeChaplan.
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Monday, June 8, 2015

Certification as a Woman-Owned Business - The Ins and Outs

Female business owners, we are looking for you to weigh in on
the purpose, process, and pros/cons of having your business
certified. We want to create an empowering, inclusive article
for women considering starting their own business. Please use
the following questions as prompts.

1. What is certification anyways?

2. What is the purpose of getting certified? Has it helped your
business and how?

2. What is the process of getting certified?

3. What are advantages/disadvantages of certification?
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Monday, June 1, 2015

Have You Relocated Overseas for Work?

Business trip to Venice, Italy
That's me, Tiffany, in the middle. This is not Japan. It's Venice, Italy.
I wrote this brief article in response to a journalist's query: Have you relocated overseas with work?

Lived in Japan

Two and one-half years out of college, I moved to Japan to work as an engineer for Honda. I lived there 2.5 years. I credit my time in Japan and my time spent at Wharton as the two major events that strongly shaped my career path and entrepreneurial endeavors.

The Expat Process

Honda of America Mfg. (HAM) and Honda Motor Co. (HM) handled the entire expat process. They provided me with intensive Japanese language training in the U.S. so I could navigate  my surroundings when I arrived in Japan. They handled the entire Visa and work authorization process. When I arrived, a team took me to shop for apartments, then household goods and made all the arrangements to get me set up in the apartment and the items delivered. My transition could not have been any smoother, from a company support perspective. While there, I received my regular base pay, COLA (cost of living adjustment), FSA (foreign service allowance), an apartment paid for by the company, a transportation allowance and ongoing language classes – both spoken and written.

Have You Been an Expat?

Have you ever relocated overseas and lived as an expatriot for work - either your job or your own company? If so, please share your experiences below.
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Friday, May 29, 2015

Discipline When Working from Home

Woman working from fully outfitted home office
Working from home can be very rewarding...if you are disciplined.
Working from home is not for everyone. Whether you have family around during the time you’re working or not matters little. The real focus is on you. As I’ve learned building virtual teams who also work from home, working from home is not for everyone! You need self-discipline and an innate ability to focus and reduce/ignore distractions.

My strategies for focusing are:
  • I work preset hours every day, unless I have prior documented plans. (The same way I’d need to explain to employees or a boss that I would be gone for awhile.)
  • I have a regular routine that kicks off my day, the Wall Street Journal and coffee. I then check Yahoo and Bing news. This way, I avoid surfing the Internet for news and updates during the work day.
  • I go into the office. If you don’t have a separate room with a door that’s an office, you can designate an area and always use that area to work, except when you need a break.
  • I schedule meetings with customers and potential partners, attend business association meetings, training and other events. This gets me out of my home office. If I sit at my computer or on the phone all day, every day each week with little work-related human interaction, I go a little nuts. If for some reason I have no or few outside meetings, I’ll grab a few hours at the local Starbucks where a lot of other business people congregate.
  • I make a to do list first thing each morning (or the night before) and keep a deliverables calendar. Seeing things in writing helps me keep myself accountable.
  • I sometimes go work out in the middle of the day or go take a walk. This is what I did when I worked from an office. I consider myself an athlete so the physical activity clears my head and helps me refocus and continue being productive the rest of the day.
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Tuesday, May 26, 2015

Business Training for Business Owners

Professional development and training for small business owners
Business training is a form of professional development.

Determining Business Training Needs

Entrepreneurs and business owners often determine the training they need based on problems they encounter and timing. i.e., An owner using QuickBooks will need help with a particular facet. If the need is dire, he’ll search for training. If the need is not, he’ll put it off unless he sees an offer for QuickBooks training. Owners having trouble making sales may seek out training on sales or marketing or both. Depending on the age and technological background of the owner or how much interaction she needs, this training will be online (webinars, online courses) or at a local college, training offered through a business association or entity such as SCORE, or through a training company. The decision often depends on what’s available when the business owner needs it, how much of a time and energy commitment the training requires, and the perceived value of the training.

No "One Size Fits All"

I recognize that there is no one size fits all. Therefore, I recommend a variety of training types: online ecourses, webinars, community college courses or university continuing education/extension center courses, 1-day or multi-day, in-person training, training offered by SCORE, the SBA, SBDCs, or local business incubators,… The list is long. Some people learn very well on their own, others need interaction. When I hear about a great training series on a particular topic – marketing effectiveness, small business financing, increasing sales, better human resource management, market pursuit – I will recommend these. The training must be specifically targeted to small business owners and address particular pain points; those pain points can vary widely but they relate to the myriad issues small business owners face. If in person, that training must facilitate networking among the attendees.  

Your Training Needs

What are your training needs? What do you currently do to determine and address those needs? Please share!
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Monday, May 25, 2015

Happy Memorial Day!

Memorial Day picture
Happy Memorial Day!

According to the Memorial Day website, at http://www.usmemorialday.org, "Memorial Day, originally called Decoration Day, is a day of remembrance for those who have died in service of the United States of America. Over two dozen cities and towns claim to be the birthplace of Memorial Day."

"Regardless of the exact date or location of its origins, one thing is clear – Memorial Day was borne out of the Civil War and a desire to honor our dead."

Therefore, on this day let's honor all those veterans who died protecting our freedoms and our land. Thank you to all veterans for your perseverance and sacrifices!

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Friday, May 22, 2015

How Did You Select Your Business' Name?

In response to a journalist's query regarding the selection of our business’ name:

I came up with the name, “The Resourceful CEO” because I often referred to myself as resourceful and frequently stressed the need for small and medium businesses and their owners or CEOs to be resourceful. When my PR rep asked me what were my thoughts for branding a new company, I put the two words together in a sentence and she loved it. My new company was hence named, “The Resourceful CEO”.

How did you originate / select the name of your business?
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Tuesday, May 19, 2015

Tradeoffs Entrepreneurs Make to Achieve Success

Being an entrepreneur has tradeoffs.
Being an entrepreneur, as with most choices, has tradeoffs.
In everything we do, there are tradeoffs. You can view these as one choice over another or you can view these as giving up something for another. Personally, I don't typically view anything I do as "giving up something" for another. To me, that perspective shows a lack of appreciation and gratitude for what you are getting and also keeps you looking at the past. In addition, what one person wants is not what another wants. Therefore, whereas I may view my choice as positive, someone else may view it as negative. But that choice is positive for me, yet potentially negative for someone else. That's the beauty of us as human beings. We all have different needs, desires and wants.

As an entrepreneur, for me, the sense of security was the primary tradeoff. Sometimes I get so involved I don’t sleep much, but that started with my voracious reading as a child (I’d stay up until the wee hours reading a good book), so that’s nothing new! Because I was 100% focused on my business, I was living off my savings and loans and had no regular stream of income coming in. I had to decide that was okay. I’ve always been fiscally responsible so I could plan ahead but it was really, really uncomfortable for the first few months. Then I needed so much money to grow, I had to go out and seek investors. You can’t find investors when you’re desperate! You give off an aura, so being comfortable with the much higher level of economic uncertainty was something I had to master (and did master) in advance.

What tradeoff did you make to achieve success as an entrepreneur?
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Thursday, May 14, 2015

When Is Debt Better than Issuing Equity?

When is debt use better than equity use for a small business?
When should I nearly always use debt instead of issuing equity?

I wrote this in response to a journalist's request to answer the following: 

Question: When is it better to take on debt than to issue equity?


If your small business has sufficiently high cash flow to repay a loan for a specific item, such as construction equipment or computer hardware, that will help your company increase its profits and cash flow within that payback period, your business should take out a loan. Alternatively, you can utilize lease financing.  Why do I say this? Because your loan is backed both by cash flow from your business and collateralized by the asset. Therefore, the interest on the loan (typically ranging from 6 -12%, depending on several factors) will be significantly less expensive than the return on investment expected from an equity investment (typically ranging from 25 - 40% for investors who are not family or friends). In addition, the risk of not being able to pay back the loan will be minimal.
Do you have additional small business financing or related questions you'd like me to answer? Please feel free to provide them and I'll start answering one per week, beginning next week!

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