To help entrepreneurs maximize tax savings and build long-term wealth, every school should be teaching their students these seven tax tips in financial education classes. As millions go back-to-school, the majority never learn this information in home economics and business courses. And because taxes are anyone’s greatest expense, a class on this topic should be required for every high…
There is a list of character traits that entrepreneurs look for (or should look for) in an angel investor, with putting a signature on the back of a check or on the bottom of contracts being just one of them. Various accounts, including those often featured in our magazine, favor possessing industry expertise, facilitating introductions to their broad networks of contacts, following a code of conduct…
When most entrepreneurs raise venture capital funding, they're focused on getting the best valuation and deal terms for their company. And that makes sense: Reducing the cost of capital is urgently important for growing a business efficiently and preserving as much founder equity as possible. But you might also want to pay attention to the other side of the aisle: Because while you, as the business…
In the U.S., there are nearly 28.8 million small businesses, including franchises, which account for 48 percent of the private workforce, as reported by the U.S. Small Business Association. While they serve as a backbone to the U.S. economy, small businesses have been at a disadvantage when it comes to receiving commercial lending from banks due to a lack of modernizing of the lending infrastructure.…
“We don’t like their sound, and guitar music is on the way out” was the reported response of a major record label executive in 1962 to a demo he listened to from some up-and-coming rock and rollers. He was wrong on two counts: Rock and roll has obviously lived on. And the group which he referred to? The Beatles. That’s a good reminder for today's business owners: Relying…
For the first time ever, there is data to clearly illustrate seven financial habits of highly effective small business owners. Based on a comprehensive study of 1,700 small business owners in the U.S., fewer than one in four owners of small businesses currently adopt all seven financial habits. Those who follow the best practices consistently outperform other small businesses based…
