Tag Archives: capital

6 Methods for Raising Money for Your Startup (and Their Tradeoffs)

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SIBP-Blog-NEW-B-2At some point, your business will need to raise money. Maybe it’s because you’re running out of startup funds, or perhaps it’s because you’re looking to expand your operations. Whatever the case, you’re going to need to bring in some more cash.

Now, you’re faced with an important question: Which source of capital makes the most sense to pursue? It’s important to not only understand what your options are, but also what the cost/benefit trade offs are for each of those options. To put it another way: What will it ultimately cost you to raise different forms of capital relative to what you get out of it? Continue reading →

Outside Capital Is No Replacement For A Strong Sales Foundation

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Image source: https://www.flickr.com/photos/peasap/

Image source: https://www.flickr.com/photos/peasap/

Photo Credit to: We Love Costa Rica

In my work as a business coach, I talk with a lot of ambitious, driven business owners and entrepreneurs. One of the conversations I frequently have comes when I talk people with high-growth startups and small businesses looking to scale. It goes something like this:

“Hey Tom, we need capital to grow my business,” they say. Continue reading →

Growing A Business Through Capital and Traction, Part 1

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SIBP-3Every small business, startup and entrepreneur I’ve worked with has run into the same two challenges as they have grown. These factors come into play regardless of the market, the industry, the nature of the business, and the business model. What are they? The need for outside capital, and the need to gain more traction.

To put this in non-business terms: Every business eventually needs more resources to support their growth; and they need the ability to sell more of their stuff. Let’s break these concepts down a little.

Capital is the number one priority for growing your business. Too often, it’s thought of as a one-trick pony. Capital isn’t simply a financial investment. Capital can also be knowledge and key relationships, for instance. That kind of capital can be much more valuable than someone just writing you a check. Continue reading →