How To Attract Investors To Your Ideas

In all the forums and advice groups in which I participate, this question (and its many variations) is a common one. Not all businesses look for investors, but the answer to this question serves business owners in general planning as well, so it is always worth addressing. Indeed collecting the information you may need to…

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Exit Planning: Can Your Business Run Without You?

You use your craft to start your own business; it lives; it grows. And at some point, you also want it to work without you. At some point you will want to exit. Whether looking to leave the day to day completely, or rather focus only on certain activities, at some point the business will…

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Make Money or Raise Money

I recently had occasion to revive this Gary Vaynerchuk classic quote: Make Money: Don’t Raise Money As business mantras go, this one is pretty powerful. In this case Gary Vee has two main points in mind: the importance of sales capabilities, and the sustainability of the VC culture (which he questions). There is a more…

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Startup Buzz: Finding the Funding

I had the pleasure last week of attending this year’s Startup Buzz. The theme this time around was Finding the Funding. After this same event last year I shared the main criteria investors examine to select whether or not to invest in a new startup. This year the panel discussed various aspects of the planning…

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Business Planning – Why It Matters

Hey, let’s build a business plan today, doesn’t that sound like fun? Not many people want to write business plans. And yet, they are important. Look at the three primary reasons why new businesses fail: Lack of Market Opportunity Ineffective Cashflow Management Hiring the wrong people Every other reason also stems from these three. And…

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Telling your Story

When to use your Mission Statement. There are three core audience categories for a mission statement – other than the business owner him- or herself: Employees Clients Investors and Executives Find out how using your Mission Statement to serve these three audiences will enhance your business success. I have introduced the concept of Mission Statements:…

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Why Investors Invest, 4 Lessons from Startup Buzz

Thank you to the Georgia Tech Business Network for a stellar sold out event yesterday evening: Startup Buzz, Early Stages to Scaling. The format was an audience Q&A with guest speakers Kat Cole, Angel Investor & Group President of Focus Brands, and entrepreneur Blake Patton, who is also Chairman at Venture Atlanta and Managing Partner at…

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