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8 Potential Entrepreneur Assists From Your Alma Mater

Startup Professionals Musings

Even if you are no longer a student, or not enrolled now, it can pay big dividends to get to know people there and explore the possibilities, including the following: Potential to get technical work done as a class project. They have equipment and smart students that would otherwise cost you a fortune through an outside contract.

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8 Ways Your Old School Can Energize Your New Venture

Startup Professionals Musings

Even if you are no longer a student, or not enrolled now, it can pay big dividends to get to know people there and explore the possibilities, including the following: Potential to get technical work done as a class project. They have equipment and smart students that would otherwise cost you a fortune through an outside contract.

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Cut the Cost of Office Space

Women Entrepreneurs Can

The cost of office space is often the biggest expenditure for businesses. With these handy tips, you can reduce your company’s outgoings and cut the cost of your office space. As well as giving you a dedicated place to run your business, an office container gives you a flexible, cost-effective workspace to operate from.

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5 Steps To Get You From Your First Idea To A Business

Startup Professionals Musings

in Physics who talks passionately about starting a business producing nuclear powered batteries. I have tried to convince him the general idea alone does not make a business. His challenge is to focus on one market, with a specific design, cost, and price. Target measurements allow you to assess your business progress.

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What Is a Balance Sheet?

Up and Running

If you’re in the process of starting a business or writing a business plan document, you’ll have heard the phrase “balance sheet” mentioned, or maybe you’ve seen one in a sample business plan. The importance of a balance sheet in a business plan. Assets = Liabilities + Equity. Balance sheet examples.

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8 Funding Proposal Red Flags Every Startup Can Avoid

Startup Professionals Musings

Undefined business model or very low gross margins. Potential return on investment cannot be calculated without a clear understanding and evidence of actual costs, revenue flows, and margins. All internal teams need to have relevant skills and experience. Investors pass if they find conflicted team members.

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How to Avoid Using Personal Funds to Address Your Business’s Financial Challenges in 2021

Up and Running

To help establish firmer boundaries between business and personal finances, pay yourself a regular salary. This amount should be enough to cover your basic personal expenses and can also be factored into your company’s operating expenses as well as your overall business plan. Get creative through crowdfunding campaigns.