Non-Profit Revenue Sources: Fundraising
Importance of Relationships No matter what the amount you are trying to raise, you must have a good connection with your donors. Especially if the donor is contributing for the first time – a thank you note can go a long way to ensuring continued donations in the future. Convince Your Potential Donor Be specific […]
Non-Profit Legal Issues: Profit-Seeking Activities
Since non-profits are established with a specific promise to return the profits into the organization and to not pass them along to any officer, director or employee of the organization, some financial transactions are bound to raise a red flag or be a cause for a non-profit to lose access to federal grants, community donations, […]
So You Want to Start a Business?
7 visual steps to guide you through the startup process This infographic from Bolt effectively outlines what you will need to know to get your business up and running. Below are links for more information on each step. Step 1: Write a Business Plan Step 2: Choose a Business Location Step 3: Finance your Business […]
5 Rules for Your Cash Flow Plan
Critical to your success, cash flow. Create an effective plan for positive cash flow with five basic rules. Every business owner should have an understanding of his or her cash flow situation – sales minus expenses. Positive cash flow is critical to continuing business operations. Forecast realistic monthly sales. It is very important that you […]
The 4 Ways you can Tax your LLC
Limited Liability Companies (LLC) are a growing trend in startup structure due to their personal liability protection without the bureaucratic red tape. But one big decision to make after choosing the LLC structure for your small business is to decide how your LLC will be taxed. There is flexibility with the LLC which is why it so […]
A Visual Look at US Angel Investing
The image below is the first of its kind – issued by Silicon Valley Bank (SVB) and CB Insights, the Halo Report image provides us with new and graphic information regarding the Angel Investment world. Some of the highlights we took from the report: California leads in deals and dollars among individual states at 21% of investment Median angel group […]
Financing Options
Entrepreneurs have many options when raising funds for their startup including debt, equity and/or other types of financing. When it comes to deciding what type of funding to go after, there are no right answers. Every entrepreneur must determine what type of financing is right for them and their business. Some questions to help you […]
What is in a Business Plan: Financial Projections (Part 11 of 11)
Time For Completion: Approximately 35 hours Financial statements are a very important part of your business plan. They give you an idea of how your business would be performing according to the market assumptions and the business model you choose. Ask somebody already in the business, or call service providers and ask them how much […]
