Fashion of Business

To many  entrepreneurs looking to start a business and get confused on the best source of funding to seek for their startup. With the many options there are, choosing the ideal source of financing can be an overwhelming process; however, weighing the pros and cons of each source will help you choose the ideal one to go ahead with. To help you choose the ideal funding source for your business, make sure to review your financial needs, qualifications, and the urgency of financing. Some funding sources need certain requirements to be completed before you qualify. It’s thus important to ensure you are well educated on the various options available to you, and their respective advantages and disadvantages. But before we should be aware with different kinds of terms used while explaining types funding. Angel : An angel round is typically a small round designed to get a new company off the ground. Investors in an angel round include individual angel investors, angel investor groups, frien...

It is often said that 8 out of 10 companies fail within the first two years of launch. FOB goal is to flip that number around so that 8 out of 10 companies actually succeed. But why 2 years? What is so special about 2 years that most companies cannot reach that hurdle? My belief is that if you are a self-funded venture or a first-time entrepreneur you can usually make cash last about that long. And in other cases you have about 2 years of mistakes you can make before it does your business in. In either case, it is important to realize that we must surround ourselves with mentors, advisors, honest friends and experienced people that can help us remove obstacles that stand in our way of not only starting a business, but actually making it past that two year mark. It is those mentors/advisors that can help empower entrepreneurs to grow their business. My belief is that most businesses fail, not because their founders had a bad idea, but rather those founders “don’t know what they don’...