At a point in your journey as an entrepreneur, you will experience “burn out”. After several months or years of working hard on your business, you will likely experience some form of physical, mental, or emotional exhaustion. Entrepreneurs are often too focused on the business that we don’t pay enough attention to ourselves. In this [...]
There comes a time when you need to raise additional money to support your business. You may need the funds to start a new business, or to grow, expand, or turn around an existing business. Raising external capital typically happens after you’ve exhausted all your personal funds – your savings, your credit card, or selling [...]
How to get a business loan to start a new company or grow an existing one? Many entrepreneurs I speak to are scared of taking out business loans. It’s either a bitter lesson from personal experience, or the horror stories they heard from friends, family, or a fellow business owner. But there’s a reason business [...]
You're about to learn about one of the most creative ways to raise funds for your business. It’s called “OPM”. And many of the world’s most successful companies love to use it. Coca-Cola uses it. ExxonMobil uses it. And many other multinationals love to use OPM. “OPM” means Other People’s Money. While many entrepreneurs and [...]
The competition for funding is fierce. There are thousands of smart entrepreneurs and business owners just like you who are looking for investors’ money. Every year, banks, venture capital, private equity, foundations, and all kinds of informal and institutional investors have to screen through dozens of candidates to make a decision about which businesses to [...]
Almost every entrepreneur wants to grow their business. Growth is exciting. Growth means a bigger business that makes more sales, has more customers, and is more visible and known by people. But guess what? Growth can kill a business if it’s not done well. In fact, if you grow your business too early, too fast, [...]
Many businesses are struggling to survive. And most of these businesses make either very low profits, zero profits, or serious losses. How to improve profits in a business is a major headache for entrepreneurs. After paying suppliers, salaries, rent, and other expenses, there is almost nothing left for the owner of the business. And if [...]
Want to learn how to raise funds in large amounts for a business or project? Maybe yours is a capital-intensive business, or you’re at that point in your company where you need a major infusion of capital to grow, expand or turn around the business. In my experience, when it comes to fundraising large amounts [...]
Every successful entrepreneur is great at one important skill. They know how to use “leverage” to their advantage. They know how to use other people’s resources to support their business. And that’s why banks exist. Banks give you the unique opportunity to use “other people’s money” to grow and expand your business -- in exchange [...]
Photo: A proud winner of the Anzisha grants sponsored by the African Leadership Academy. Raising money is one of the toughest obstacles for people who need to support their idea, business, or project. That’s why it’s such an exciting feeling when you win ‘free money’. If getting a bank loan is not an option for [...]
