The Startup Magazine

MARCH 8, 2024

Poorly managed debt can lead to financial strain, decreased creditworthiness, and even bankruptcy. Once you’ve identified expansion opportunities, you must determine the financial resources to pursue them successfully. While debt can provide necessary funds for expansion, it also comes with risks.

Finance 147

Finance Technical Review Metrics .Net 147

Startup Professionals Musings

OCTOBER 15, 2022

It takes more than one person to build a business, so the lone entrepreneur, without support from any visible team, advisors, partners, or potential customers, will not attract investors. Message delivery must be customized for each investor. Surrounded by the right people and track record. Exudes integrity, humility, and stability.

Intellectual Property 278

Intellectual Property Angel Investor Early Stage Venture Capital 278

Startup Professionals Musings

OCTOBER 16, 2022

Boomer investors are much more likely to get in the game with a high focus on mentoring and give-back, as well as the financial return potential. Every startup needs two or three key advisors who have the domain experience, connections, and complementary skills to guide the founders through those early crises.

Advisory Board 368

Advisory Board Dividend Angel Investor Cofounder 368

YoungUpstarts

JUNE 17, 2019

by Chris Hobart, CEO and founder of Hobart Financial Group. When it comes to financial planning, most Americans take a do-it-yourself approach. In fact, various surveys and studies over the years have shown that anywhere from 60 to 70 percent or more don’t have a financial advisor. Does your advisor encourage questions?

Charlotte 113

Charlotte Demand Finance Founder 113

Startup Professionals Musings

MAY 5, 2023

Just like you don’t have to be a financial guru to recognize a good CFO, or a marketing genius to hire a VP of Marketing, you can find the right technical partner or team member by using the right evaluation and hiring steps, including the following: Engage a technical advisor to assist with recruiting and early interviews.

Technical Cofounder 260

Technical Cofounder Technology Management Entrepreneur 260

Startup Professionals Musings

NOVEMBER 28, 2020

Investors and partners now look only for a framework of your business essentials, within the context of your opportunity, solution, and financials. Using new tools for recruiting key players and advisors. The days of lengthy, text-heavy, business plan documents prepared by expensive experts are behind us.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

The Startup Magazine

JANUARY 4, 2023

Olga has a great story as CEO and Founder of SHENIX , a Chicago-based fintech app company focused on financial education and advisory services for Latinas. Olga is perfectly positioned to offer financial advice with over 20 years of experience in the financial services industry. Aspen Ideas Festival Ricardo Salinas Scholar.

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Founder Chicago Illinois Community 158

The Startup Magazine

MARCH 10, 2022

Starting a financial advisory practice is not a mean feat. You only have to follow a proven model to do it Here is a list of some practical tips to grow your financial advisory startup. Luckily, you can rely on specialized wealth management tools for advisors to ease your processes. Photo by Startup Stock Photos from Pexels.

Technical Review 167

Technical Review Due Diligence Startup Retention 167

Startup Professionals Musings

MARCH 22, 2021

Here is also an ideal opportunity to use your external advisors and Board to help identify external resources, potential partnerships, and acquisition opportunities. These can reinforce the operational and financial linkages through licensing or alliance agreements, and allow the relationship to develop prior to an acquisition commitment.

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CTO Hire Fractional CTO Merger Non-Compete 330

Startup Professionals Musings

AUGUST 26, 2022

Most business advisors I know will say that writing a business plan is the first step to starting your own business, but I believe that a better first step is to do a self-analysis of your real drivers, strengths, and assumptions before committing to this lifestyle. Assess your connections, both social media and financial.

Founder 262

Founder Intellectual Property Social Media Business Plan 262

Startup Professionals Musings

NOVEMBER 26, 2022

One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Investors quickly learn the only control they really have is financial, so they will use it to apply any constraints.

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Cost Bootstrapping Advisory Board Startup 267

YoungUpstarts

JANUARY 11, 2021

If you want your business to grow, it’s vital to have the right financial foundation. If your accounting processes aren’t in order, you may not have a complete picture of your startup’s financial health and could be leaving money on the table. Is your chart of accounts organized using account numbers?

Small Business 208

Small Business Startup Cofounder Vertical 208

Steve Blank

JANUARY 17, 2023

Accelerators provide these teams with technical and business expertise and connect them to a network of other founders and advisors. Their financial models are based on membership fees that grant access to a shared coworking space, resources, and access to other founders and operational expertise. Carlos stirred his coffee.

Technical Cofounder 362

Technical Cofounder Intellectual Property Technical Review Incubator 362

Startup Professionals Musings

OCTOBER 3, 2021

Every one of these probably has a unique story, but in my years as a startup advisor I only remember hearing a few who capitalized on their story. The explanation of your solution, financial return, and the rollout comes later. A worthy goal. It can be your competitive advantage over peers and existing players, and it is fun to do.

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Elevator Pitch Technical Review Boston Sales 313

Startup Professionals Musings

AUGUST 26, 2019

As an advisor to business owners, and an occasional angel investor, my job is to separate the actual challenges from the common misconceptions that distract many promising entrepreneurs while building the leadership team required for your solution, marketing, and finance success. You have to pay big salaries to get top-notch help.

Bandwidth 246

Bandwidth Software Review Salary Angel Investor 246

Startup Professionals Musings

FEBRUARY 9, 2020

The financial suit. You need a trained CFO to fill the financial gaps on your team. The best startups have both strong cofounders and strong advisors. What if you are convinced that your idea is great, but you just can’t seem to pull together the team and advisors you need?

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Technical Cofounder Cofounder Advisory Board Stock Options 308

Startup Professionals Musings

MARCH 26, 2021

Some entrepreneurs have an abundance of passion, but are short on the realities of customer needs, market trends, and financial constraints. I expect to find a positive and supportive team, with advisors, and just the right amount of process and structure , to get the job done. The ability to make timely and fact-based decisions.

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Entrepreneur Angel Investor Partner Software Developers 341

Startup Professionals Musings

JANUARY 13, 2020

It takes more than one person to build a business, so the lone entrepreneur, without support from any visible team, advisors, partners, or potential customers, will not attract investors. Message delivery must be customized for each investor. Surrounded by the right people and track record. Exudes integrity, humility, and stability.

Intellectual Property 316

Intellectual Property Angel Investor Early Stage Venture Capital 316

Steve Blank

NOVEMBER 7, 2023

All businesses have regulations to follow – paying taxes, incorporating the company, complying with financial reporting. They use the courts to tie up and exhaust a startup’s limited financial resources. And most importantly, start asking “who are the best lobbyists/advisors in this market?” But regulated markets are different.

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Washington Government Marketing Silicon Valley 308

Startup Professionals Musings

SEPTEMBER 5, 2020

In my role as an advisor to entrepreneurs, I often find founders who have such conviction and passion for their new idea, that they can’t believe anyone could challenge it. To offset this criticism, you need to highlight your prior experience, the expertise of your team, and the quality of your advisors. It’s been done before.

Technical Cofounder 315

Technical Cofounder Cofounder Mobile Differentiation 315

Startup Professionals Musings

APRIL 12, 2019

Yet, in my experience as a small business advisor, they consistently tend to under-estimate or overlook a wealth of other costs that every business faces: Taxes and insurance payments. No matter how well you plan your financials, there’s no way for you to account for all the unknowns.

Cost 264

Cost Founder Software Review Startup 264

Startup Professionals Musings

DECEMBER 30, 2020

For certain, passionately chasing a big financial opportunity in an area you have little street experience is a recipe for disappointment. It pays to build relationships with an advisor or mentor, or work in the real business world for a while, before you strike out on your own journey. Even the best college degree is not a substitute.

Intellectual Property 432

Intellectual Property Entrepreneur Technical Review Angel Investor 432

YoungUpstarts

AUGUST 5, 2019

by Alexander Joyce, president/CEO of ReJoyce Financial LLC and author of “ Rejoyce in Your Retirement: Everything You Need to Know to Get Everything You Want “ People are living longer , and as wonderful as that news is to many, there’s a possible downside: outliving your money in retirement.

Indianapolis 113

Indianapolis LLC Portfolio Technical Review 113

The Startup Magazine

JULY 7, 2023

While not every business advisor suggests planning ten years into the future, you should always be thinking of your expansion plans so that you are ready when the opportunity presents and can work towards that. Have a Clear Plan It is not enough to only look ahead at the coming year.

Connecticut 183

Connecticut Entrepreneur Software Review Cost 183

Startup Professionals Musings

FEBRUARY 29, 2020

One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Investors quickly learn the only control they really have is financial, so they will use it to apply any constraints.

Bootstrapping 310

Bootstrapping Advisory Board Venture Capital Startup 310

YoungUpstarts

FEBRUARY 20, 2020

Here are a few thoughts on investment and the five best ways to invest money from your business; What Is Your Current Financial Status? Robo-advisors, to mention one, can automatically determine the investment plan that is suited for you. Thus, business owners and entrepreneurs must be even more diligent when choosing investments.

Technical Review 165

Technical Review Stock Salary Security 165

Up and Running

JULY 1, 2020

It starts with a high-level strategy and continues all the way to market analysis, sales plans, operations planning, and financial modeling. Financial projections: You’ll need to forecast how the expansion will improve future profitability. Methods for testing if your expansion makes financial sense. Not all plans are executed.

Business Plan 152

Business Plan Forecast Operations Dilution 152

Startup Professionals Musings

MARCH 10, 2021

If you can attract well-known advisors, attorneys, and accountants, it will give potential investors comfort that you have been able to get implied endorsement of your concept, as well as your integrity. After a good elevator pitch or initial presentation, investors will ask for your formal business plan and financial projections.

Software Review 307

Software Review Due Diligence Elevator Pitch Early Stage 307

Startup Professionals Musings

MAY 25, 2022

In my experience, most technical entrepreneurs have little interest or expertise in the financials, or marketing. In fact, many business advisors, including myself, now agree that emotional intelligence is more critical in business than IQ, or logical intelligence. The same benefits also apply to a joint venture.

Technical Review 313

Technical Review Due Diligence Partner Cofounder 313

Startup Professionals Musings

NOVEMBER 1, 2021

Based on my own experience as a business advisor, I’m convinced that it is all about your mindset for success, and the habits you have developed for tackling problems and challenges. Rather than get angry and upset, fall back to your initial process for evaluating markets, customer needs, and financial implications.

Advisory Board 317

Advisory Board Leadership Customer Developer 317

Startup Professionals Musings

NOVEMBER 4, 2019

As a new business advisor and occasional investor, I get approached regularly by people who have a dream or a new business idea, and are looking for support and money to make it a reality. Now you can see why you, as well as advisors and investors, should never judge business potential by the idea alone.

Intellectual Property 235

Intellectual Property Elevator Pitch Harvest Technical Review 235

YoungUpstarts

FEBRUARY 26, 2015

Which is where a financial advisor comes into play. Here are 5 reasons to consider hiring a financial advisor: 1. A good financial advisor will be able to see across every aspect of your finances, and navigate all the relevant issues giving you a stable and secure financial future.

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Hiring Finance Security Restful 100

Mike Michalowicz

DECEMBER 4, 2018

I’ve interviewed advisors and conducted research across the United States and have determined the most common theme for business success going into 2019, is to “specialize in a niche market”. The Question most advisors are asking going into 2019 is, how do you differentiate yourself as an advisor in a crowded and competitive marketplace?

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South Africa Los Angeles Africa United States 76

Startup Professionals Musings

NOVEMBER 27, 2022

In my role as an angel investor to startups, I’m struck by the broad variety of advisor strategies I see in investor presentations and business plans that cross my desk. Some entrepreneurs are “lone rangers,” never mentioning any outside guidance, while others tout dozens of advisors. Advisors in name-only will hurt you.

Advisory Board 308

Advisory Board Angel Investor Startup Later Stage 308

Startup Professionals Musings

AUGUST 25, 2018

Advisors and investors need to see your whole story in as few as ten slides. Make sure you cover not only your solution, but also the opportunity size, competitors, financial projections, and team qualifications. A full business plan and financial modelling can come later to add details. This is the time for pivots as required.

Technical Cofounder 184

Technical Cofounder Intellectual Property Silicon Valley LLC 184

The Startup Magazine

SEPTEMBER 15, 2020

Venture capital comes from wealthy investors, investment banks, and other types of financial institutions. It is not always a financial transaction; sometimes it comes in the form of managerial or technical expertise. Company financials. Management team. Investment amount needed. Company progress. Look for the Right VC Company.

Venture Capital 179

Venture Capital Technical Review Software Review Security 179

YoungUpstarts

APRIL 3, 2024

We speak to Serge Robichaud, a bilingual (French and English) financial advisor who is currently at Canada Life & Quadrus Investments. The post [INTERVIEW] Serge Robichaud, Financial Planning Professional appeared first on Young Upstarts.

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Canada 130