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[INTERVIEW] Michael Majeed, Finance Executive, SR&ED Tax Consultant

YoungUpstarts

Majeed says that while most entrepreneurs launch companies with great ideas, lots of ambition and the most sincere of intentions, it’s equally important to have a strong handle on their finances. . Many companies seek angel investors, venture capital and even family and friends’ money when they’re planning to start a company.

Finance 217
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14 Tips for Starting a Successful Business

Up and Running

Not to mention the mental and emotional impact of being an entrepreneur. With this information, you can forecast the viability and profitability of the business. While you may be enamored with becoming an entrepreneur and bootstrapping your business, don’t quit your day job. Recommended Reading: How to forecast cash flow.

Forecast 154
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10 Startup Mistakes You Can't Afford To Make Again

Startup Professionals Musings

The good news is that everyone expects entrepreneurs to make mistakes, since founders explore uncharted territory. In fact, investors recognize that founders usually learn more from mistakes than from success, so a well-explained startup failure can improve their odds of funding the next time around.

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10 Things I Hated About Your Business Pitch

Up and Running

As I write this in early 2019, I’m thinking back on more than 20 years of hearing business pitches as a judge of business plan competitions and as an angel investor. The image here is of the Rice Business Plan Competition, entrepreneurs pitching at the finals. Don’t bluff investors. I’m not alone in this.

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How Much Should You Personally Cover for Startup Costs?

Up and Running

Securing investment dollars is often the number one priority for entrepreneurs when starting a business. Many will seek outside support—angel investors, personal investors, venture capitalists, and peer-to-peer lenders generally top the list. There will be expenses that require estimations.

Cost 138
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7 Team Attributes That Can Make Any Idea Come Alive

Startup Professionals Musings

There is an old saying in the startup investor community, “Smart investors invest in the team, not the idea.” As an angel investor, I’ve learned to believe in this approach, since I have seen great ideas go astray, due to poor execution and I have seen apparently marginal ideas make millions, managed by a savvy entrepreneur.

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Forecasting Models: What You Need to Know

Up and Running

Whether your business is brand new or it’s been around for a while, you’ve probably thought about putting together a financial forecast. Most lenders and investors will expect it to be part of your business plan. But how do you know if your forecast model is reliable? What is forecasting? March at Stanford.

Forecast 114