5 Reasons Why You Can’t Afford Not to Hire a CFO for your Business
In most cases it takes a very large payroll and budget to staff a full-time CFO however; today, more and more small and mid-sized business owners are capitalizing on the extensive education and training that a part-time CFO brings to the table. For this reason, we are seeing an uptick in the number of business […]
Top 5 Startup Tips from the 2016 SDVG Venture Summit
Last week, The Startup Garage had the pleasure of attending the fourteenth annual Venture Summit in San Diego, hosted by the San Diego Venture Group (SDVG). The event brought together more than 35 of San Diego’s ‘coolest companies’ as well as venture capitalist firms. The diverse audience included attendees from tech, software, consumer goods, […]
5 Excellent Startup Tips on Securing a Bank Loan
It’s no secret that securing bank funding for your startup is difficult these days – but it’s not impossible. Give yourself better odds with these 5 simple Startup tips: Write a clear and convincing business plan. Business owners must build a strategy from the very beginning around being “lendable,” so a business plan helps lay […]
5 Reasons to Attend The USD V2 Pitch Competition For Entrepreneurs
On Thursday April 28th University of San Diego School of Business will hold an exciting competition in a “Shark Tank” like setting. Top student entrepreneurs from USD and Tijuana will compete for a total of $100,000 in cash and invaluable mentorship and support. The Startup Garage Team Compiled The Top 5 Reasons this is a […]
Crowdfunding For Equity: Title III and Equity Crowd Funding 101
What is Equity Crowdfunding? Equity crowdfunding is on the rise after the signing of the Jumpstart Our Business Startups (JOBS) Act was signed by President Obama in April 2012. Simply put, it is a type of crowdfunding that enables broad groups of investors to fund startup companies and small businesses in return for equity. Three […]
Entrepreneur Mindset: Lottery Players and Startup Unicorns
4 MindSet Similarities Between Startup Unicorns and Lottery Players As of March 17, 2016 CB Insights’s real time unicorn tracker, lists that 155 Startup Companies are valued at $1 billion or more with a total cumulative valuation of $550billion. A steady increase of 111 new companies since February 2014. Although, the exclusive startup unicorn club […]
How Does A Convertible Note Works For Startups?
A convertible note is an investment instrument intended to provide a startup company with early stage financing. It’s a compromise of sorts, blending the downside protection associated with a loan and capturing the upside potential of selling equity shares. Why are they used? It can be very difficult for investors and entrepreneurs to agree on […]
Top 8 Success Tips For First Time Founders
As a Startup entrepreneur it’s easy for your work to become your life, and 8 years to effortlessly slip by. I founded what has become The Startup Garage in January of 2008 with passion for helping entrepreneurs start and launch companies of impact. Our business, team, and services have evolved, transformed, and changed many times […]
Why To Take Caution With Investor “Finders”
There are many service providers that offer to help startups with attracting investors, colloquially referred to as “finders.” While they prefer to be called business brokers or consultants, most finders are either CPAs, insurance brokers, retired executives, or former entrepreneurs. They mostly operate in the Angel landscape, targeting deals between $100K to $2M. Typically, they […]
How To “Winterize” Your Business For Success in 2016
Businesses, just like homes, require winterization in order to save money, increase efficiency, and keep things running smoothly in the cold months ahead. Every business from app development to accounting needs to be prepared for when business is slow. Here are 4 tips to prepare your business for the big freeze, and have you thriving […]