Finance Your Business: Secure Funding to Start, Run, and Grow Your Business

Finance Your Business: Secure Funding to Start, Run, and Grow Your Business

by Entrepreneur Media Staff

Paperback

$22.46 $24.95 Save 10% Current price is $22.46, Original price is $24.95. You Save 10%.
View All Available Formats & Editions
Want it by Friday, November 16 Order now and choose Expedited Shipping during checkout.

Product Details

ISBN-13: 9781599185972
Publisher: Entrepreneur Press
Publication date: 11/15/2016
Pages: 408
Sales rank: 224,249
Product dimensions: 6.00(w) x 8.90(h) x 0.70(d)

About the Author


For more than 30 years, Entrepreneur Media has been setting the course for small business success. From startup to retirement, millions of entrepreneurs and small business owners trust the Entrepreneur Media family — Entrepreneur magazine, Entrepreneur.com, Entrepreneur Press, EntrepreneurEnEspanol.com, and our industry partners — to point them in the right direction. The Entrepreneur Media family is regarded as a beacon within the small to midsized business community, providing outstanding content, fresh opportunities, and innovative ways to push publishing, small business, and entrepreneurship forward.

Table of Contents

Preface ix

Chapter 1 Introduction 1

The Basics of Obtaining Funding 2

Chapter 2 Going It Alone: Bootstrapping Like a Boss 7

Ten Bootstrapping Tips to Turn Your Idea into Reality 8

Bootstrapping in the Real World: Erica Zidel and Sitting Around 11

When to Scrimp and When to Splurge 15

The Beauty of Bartering 20

Bootstrapping for the Long Haul: Making It Your Philosophy 25

Chapter 3 Doing It the Old-Fashioned Way: Using Traditional Lending Institutions 29

Watch Out for These Costly Traps 29

Busting Myths About Small-Business Lending 30

The State of Post-Great Recession Small-Business Lending: Wells Fargo 33

The Real Reasons Banks Deny Loans to Many Small-Business Owners: The Business Credit Score 35

Ten Questions to Ask Before Applying for a Bank Loan 39

Qualifying for an SBA Loan: Remember the Five Cs 45

Buying a Business Through Seller Financing 49

Microfinancing Small Business 53

Chapter 4 Tapping Friends and Family 57

Basics of Borrowing from Friends and Family 58

Winding Up for the Pitch: The Right Way to Ask Your Parents to Finance Your Business 61

What to Watch Out For: Some Hard Truths 63

The Loan Agreement: Keeping Things Strictly Business 65

TrustLeaf: Making Raising Money Easier for All Involved 68

Able: This Company Will Give You a Loan-But There's a Catch 69

Chapter 5 Winning Grants, Contests, and Pitch Slams 73

Seeking Grants from the Federal Government 74

Hometown Glory: Get Startup Grants and Seed Investments from Your City 76

Entering Contests: Bringing Your "A" Game 77

Pitch-Perfect: Joining Pitch Slams 83

Three Questions to Focus on During a Pitch Slam 85

A Different Idea: Turn Your Customers into Investors 87

Sometimes Publicity Is Worth More Than Cash 88

Chapter 6 Joining Incubators and Accelerators 91

The Accelerator Boom 91

What to Look For in an Accelerator Program 92

Practical Advice; Jump-Starting Your Business with an Accelerator Program 97

Corporate Incubators: Why Big Brands Offer Big Funds to Small Businesses 99

What Corporate Incubators and Accelerators Can Mean for Your Business 100

Inside the Big Guns: Dos and Don'ts of Y Combinator and Techstars 106

Niche Incubators and Accelerators 108

Why You Might Want to Start a Business Overseas 116

The ABCs of Starting an Overseas Business 118

Chapter 7 Crowdfunding Like a Champ 125

Nine Steps to Launching a Successful Crowdfunding Campaign 127

What Not to Do: Beating the Odds and Avoiding Failure 133

Inside a Kickstarter Campaign: Reading Rainbow 136

SeedInvest: Helping Startups Stand Out 138

Choosing a Crowdfunding Platform: CrowdsUnite 140

Selfstarter; Roll Your Own Crowdfunding 141

Playing by the SEC's New Rules: Understanding the JOBS Act 143

Women Raise More Money with Crowdfunding 145

Streamlining the Investor Roadshow: FlashFunders 146

Three Lessons from the Top 50 Rewards-Based Crowdfunding Campaigns 148

Chapter 8 Scouting the Alternative Lending Landscape 149

Why Small Businesses Are Turning to Online Lenders 149

Six Tips to Navigate Online Lending Options 151

No Credit? No Problem: OnDeck 153

Checking Out Offbeat Lenders 154

PayPal Gives Small Businesses Access to Working Capital in Minutes 157

How Does a Zero-Interest Loan Sound? 159

More Brilliant Financial and Capital Ideas 160

Royalty Financing: Financing Without Taking on Debt or Giving Away Equity 161

Exploring the Last Resort: The Risks of 401 (k) Business Financing 164

Companies That Can Help You Tap Your Retirement 169

Chapter 9 Wooing Angels and Venture Capitalists 173

What VCs Want and Look For 173

Finding Investors Through LinkedIn 178

Anatomy of a VC Deal: How One Seattle Startup Raised $12.5 Million 182

Five Essentials for Raising Your Growth Round of Funding by Matt Straz 187

Acing Your Pitch to Investors 189

An Online Platform That Simplifies Investor Relations: Gust 193

Challenges Women Face When Raising Venture Capital 194

Chapter 10 Considering VC Alternatives and Other Investors 197

When to Say No to Venture Capital 198

Why the VC Game Is Attracting a Whole New Set of Players 200

The Rise of Corporate Venture Capital 202

The Deal with Revenue-Sharing Deals 204

Financing Through a Family Office 206

Grants (and One Loan) for Women-Owned Businesses 208

Funding Strategies for B Corporations 212

Checking Out Philanthropic Venture Capital 213

Warby Parker: How Four Entrepreneurs with Social Vision Secured Venture Capital 216

Tapping into Alumni VC Groups 218

Chapter 11 Preparing for an Exit 221

Introducing Five Smart Exit Strategies 221

Preparing Your Exit 223

Succession Planning: Ensuring Your Business Continues to Thrive Without You, by Brenton Hayden 229

All in the Family: Succession Planning 232

Transitioning to Employee Ownership 237

Appendix Finance Resources 243

Government Resources 244

Accounting and Taxes 244

Credit Services 245

General Business and Finance Websites 245

Accounting Software 246

Find Your Credit Rating 246

Credit Rating Bureaus 246

Crowdfunding 246

Out-of-the-Box Funding Options 247

Lending 247

Books 248

Online Startup and Funding Courses 248

Glossary 251

Index 255

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews