Author - Dick O'Hare

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Alternative Capital Sources For Your Business
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Product Review: 2Modern Blu Dot Strut Table
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Factoring. What Is It? And, Is It Right For My Business?
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What Legal Structure Is Right For Your New Business?
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Start With Your Why!

Alternative Capital Sources For Your Business

How Can I Raise Capital for My Business Without a Bank Loan?

If you are an entrepreneur who is trying to figure out new ways to raise capital, you’ve learned how competitive this process is. Read on to find out different and creative ways to raise your business more money without ending up in serious debt.

7 Core Principles to Raise Capital at Any Stage

running a small business
Know Your Market. Really. It seems super obvious and simple that you must ‘know your market’. But yet I watch dozens of entrepreneurs pitch their idea and not have the slightest idea who their customer really is or what market they’re playing in. You have to nail this part to stand any chance of raising funds.” Says Clate Mask, Founder of Infusionsoft.  See the full story here.

VC Funding for Your Startup

small business owner
You Have to Decide: High Impact or Small Business Entrepreneur?  You have to know going in what you really want; because you can’t have it both ways. If you go into high impact venture-backed entrepreneurship; you’re trying to build a business that’s going to scale and make people wealthy. And you’re not going to be your own boss for

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Product Review: 2Modern Blu Dot Strut Table

 If You Are in the Market for Office Furniture for Your Startup Company, These Tables Are Excellent. They Are a Great, High Quality Product at a Reasonable Price.

Blu Dot Strut tables office furniture

Blu Dot Strut tables in action in our office. Pictured here are four x-large white tables pushed together to make a large open office environment.

Every once in a while I come across office furniture that surpasses my expectations. And, I thought it would benefit our audience to know about this one. Three years ago, my company moved into a tech space environment in Stamford, CT. It is a beautiful, renovated building filled with other young, startup companies.

Before we moved, I had to look at buying or leasing office furniture. Being a digital media startup company, we didn’t want dark, traditional office furniture. We wanted furniture that was bright, fun, functional and durable. We would be sitting in an open environment with a few folks sharing tables. In doing my research, I came across the 2Modern Blu Dot Strut table . These tables have worked perfectly for our office! They are made of “lacquer on engineered wood substrate with glossy polyurethane finish and powder-coated steel legs.” They come in three sizes: …

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Factoring. What Is It? And, Is It Right For My Business?

Factoring Is a Unique Form of Financing for a Business With Revenue. Learn What Factoring Is and If It’s Right for Your Business.

small business owner

Everything comes with a price…

All businesses need financing to survive. The purest way of financing a business is through revenue. After all, generating revenue and profits is why you are in business in the first place, right? There are myriad other potential financing options for growing businesses. But, this post is focusing on one option that may not be so obvious to a small business owner: Factoring.

Definition of Factoring

Factoring is executed when a financial institution advances cash at a discount against specific accounts receivable from a business. This can benefit the business as it receives the cash sooner than waiting for those accounts receivable to be paid by their customers. However, like any financing instrument, there are interest rates and fees involved in factoring which I will get into here.

Terms of a factoring relationship can vary, but the relationship typically works as follows…

A business enters into a factoring relationship with a financial institution. Like any loan, this requires the financial institution to approve this business. The documents can be very detailed. Once …

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What Legal Structure Is Right For Your New Business?

Soon-To-Be Small Business Owners Need to Think Through the Optimum Legal Structure for Their Business.  Learn the Basic Structures in the Post Below.

small business owners

There is a lot of information out there that can give you chapter and verse on each of the possible legal structures of a business. The small business administration is a good place to start as you think about the best option for you and any partners you may have. At the end of the day, you should work with a lawyer once you decide the best structure to further vet this direction and file all necessary documents with your state and the federal government. The information can be very detailed and dense. BizZealot is not a blog focused on legal advice. And the point of this post is not to give you all of the details on every option available to you. However, in keeping with our mission of helping the early entrepreneur, we wanted to point out the different legal structures and focus on a key difference or two as you are in the early stages of forming your business. So, let’s get to it. Below are the different legal structures for you to consider:

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Start With Your Why!

Finding Your Why Crystallizes Your Purpose and Establishes the Real Value You Provide for Your Customers.

running a small business

If you are considering starting a small business or you are still new to running a small business, your purpose and passion are key drivers.  These are the early and most challenging days of your business.  A small business owner knows it takes ten units of energy to see one unit of results at this early stage.  Having a crystal clear purpose and passion for what you are doing is extremely important to stay on task each day. Obviously, your business has a purpose.  But, beyond that, what is your personal purpose?

I recently was introduced to Simon Sinek.  I’m a fan.  My wife had referred me to him after he gave a talk at her company.  Sinek is “leading a movement to inspire people to do the things that inspire them.”  He is the author of two bestselling books: Start With Why: How Great Leaders Inspire Everyone To Take Action and his newest book, the New York Times and Wall Street Journal best seller: Leaders Eat Last: Why Some Teams Pull Together and Others Don’t.  He is best known for popularizing the concept

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