This post originally appeared on Signpost's business blog. It has since been modified from its original form to fit the inDinero blog, Our Two Cents. Enjoy & thank you for reading!
Sorry to put you on the spot like that and don’t let it make you sweat. Truth be told, an estimated 90 percent of small businesses are unable to produce dependable financial statements when prompted. And it’s probably safe to assume that even if they could access accurate finances, most small teams wouldn’t know how to turn those numbers into business insights to put into action.
We understand that the search for a small business loan can be both frustrating and confusing. You’ve likely been inundated with lenders using terms like annual percentage rate, interest rate, and factor rate to explain why their loan product is better than the next. But the truth is, what’s best for one company may not be best for yours.
These days, venture capital is flowing like Niagra Falls: would you believe that over $98 billion in funds were raised by startups in 2015. However, just because money is being invested doesn’t mean it’s easy to get. If you’re an entrepreneur running an early stage business, you may be taken aback by an investor that’s less than thrilled about your company. In fact, they might flat-out drop you like a hot potato.
If that sounds like something you’re going through now, instead of throwing in the towel or throwing punches, here’s how we recommend you deal.
When you think about the end of the month, what keeps you awake each night? If you say your investor board meeting, you’re in good company! The best way to ensure you’re in good shape when the date for that meeting gets closer is to package the information you want to discuss in the best way possible well in advance. With that, I’d like to introduce you to the art of the investor report.
Retiring eventually sounds fun right? And so does saving on taxes now. Luckily, as a business owner, there are ways you can feed these two birds with one scone.
Portland
How to Empower Your Fast-Growth Business with Goal-Oriented Accounting
June 28, 2016 Posted by Melissa Hollis to Accounting, Investment, Funding
This post originally appeared on Signpost's business blog. It has since been modified from its original form to fit the inDinero blog, Our Two Cents. Enjoy & thank you for reading!
Pop quiz! Do you know if your business is on track to hit its financial goals for the year?
Sorry to put you on the spot like that and don’t let it make you sweat. Truth be told, an estimated 90 percent of small businesses are unable to produce dependable financial statements when prompted. And it’s probably safe to assume that even if they could access accurate finances, most small teams wouldn’t know how to turn those numbers into business insights to put into action.
Why APR Should Outweigh Interest Rate When Choosing a Business Loan
February 18, 2016 Posted by Meredith Wood to Investment, Business Advice, Business, Funding
We understand that the search for a small business loan can be both frustrating and confusing. You’ve likely been inundated with lenders using terms like annual percentage rate, interest rate, and factor rate to explain why their loan product is better than the next. But the truth is, what’s best for one company may not be best for yours.
Top 7 Lending Options for Financing Your Small Business
February 16, 2016 Posted by Becki Iancu to Investment, Business Advice, Business, Funding
In the broadest terms imaginable, there are two steps to launching a startup:
So, if you have a concept for your business—congratulations! You’re halfway there. All that’s left to do is make it a reality.
Simple, right?
Why Investors Hate Your Startup and How to Change Their Minds
February 12, 2016 Posted by Ryan Mason to Investment, Accounting, Funding
These days, venture capital is flowing like Niagra Falls: would you believe that over $98 billion in funds were raised by startups in 2015. However, just because money is being invested doesn’t mean it’s easy to get. If you’re an entrepreneur running an early stage business, you may be taken aback by an investor that’s less than thrilled about your company. In fact, they might flat-out drop you like a hot potato.
If that sounds like something you’re going through now, instead of throwing in the towel or throwing punches, here’s how we recommend you deal.
How to Create Business Reports Your Investors Will Actually Use
February 04, 2016 Posted by Matt Krepp to Investment, inDinero Academy, Accounting, Business Advice
When you think about the end of the month, what keeps you awake each night? If you say your investor board meeting, you’re in good company! The best way to ensure you’re in good shape when the date for that meeting gets closer is to package the information you want to discuss in the best way possible well in advance. With that, I’d like to introduce you to the art of the investor report.
Paying Your Future Self to Save on Business Taxes Now
January 20, 2016 Posted by Melissa Hollis to Investment, Taxes, Business Advice, Business
Retiring eventually sounds fun right? And so does saving on taxes now. Luckily, as a business owner, there are ways you can feed these two birds with one scone.