This post is part 2 in the 5 part series about the top fears entrepreneurs face. You can read part 1 about fear of failure here. (more…)
Archive for the ‘Finance Tips’ Category
Tackling Entrepreneurial Fears: Fear of Economic Uncertainty
Tuesday, November 1st, 2011Financial Tips for Young Entrepreneurs
Tuesday, October 25th, 2011As entrepreneurs ourselves and being surrounded by entrepreneurs through Entrepreneurs Organization (EO) and other organizations, we know what it’s like taking the leap and starting your own company. (more…)
Why Asset-Based Lending Is Important to Us
Tuesday, September 6th, 2011As you may have noticed from a couple of stories in our recent newsletter and from everyday news, the economy is still not where we hope it would be and there are businesses struggling to grow. But even in this economy, there is innovation and opportunity for growth. That is why Far West Capital is passionate about what we do. (more…)
How Do Entrepreneurs Define Success?
Tuesday, August 23rd, 2011Financing Solutions When Payment is Delayed
Thursday, August 11th, 2011I recently read a USA Today article titled ‘Late payments plague small businesses,’ and we’ve seen it first-hand. We’ve had clients pushed to re-organize their cash flow because of a change in their client’s pay cycle, and we’ve seen the difficulties of paying employees on time while trying to grow a business. Getting paid in 30 days is becoming a thing of the past, but there are solutions to keep your small business successful when there is a delay in payment. Here are a couple of things to consider. (more…)
How Competition Benefits Your Company
Tuesday, August 2nd, 2011At times, we may wish that competition didn’t exist so we could have total control of the market, but we should see competition as a good thing and more importantly, as a vital aspect to economic growth. Competition is necessary and it benefits both the business and the consumer in a variety of ways. Here are a few reasons why a little bit of competition is a positive thing in the business world.
Competition… (more…)
Three Ways to Stand Out in Your Industry
Thursday, July 28th, 2011Customers have a lot of options these days. It’s necessary to differentiate your company in the crowd and show why a person should be a repeat customer. Here are three ways to stand out in your industry.
1. Stellar Customer Service
You can have a great product at a great price, but your customer service can make or break the relationship. (more…)
Tips for Entrepreneurship Success
Tuesday, July 12th, 2011In the article “The Essential To-Do List for First-Time Entrepreneurs,” the top 2 reasons small business start-ups don’t succeed are because of lack of business experience and running out of cash. Did you encounter these setbacks as you built your company or are you encountering these problems now? The article gives some great suggestions about how to help your business succeed, including:
- Overestimate (generously) your costs to start up
- Know your break-even point
- Realize that you can’t make up in volume what you lose in profit – so price accordingly
- Build your financial team
- Find a mentor or business coach
- Conquer your fear of financials
Here are a few more: (more…)
Your Financing Options and the Differences Between Them
Friday, July 8th, 2011I recently read this article examining the differences between angel and venture capitalist pitches, and I started thinking about the differences between financing options.
Your company needs working capital, but where will it come from? How do you differentiate between angel investors and venture capital needs from other lending options such as banks and Far West Capital? You may remember an earlier blog post, explaining these options, but take another look at your options below. (more…)
How Entrepreneurs Are Made
Wednesday, July 6th, 2011A recent Wall Street Journal article titled “How to turn your kids into entrepreneurs” states there are crucial psychological traits an entrepreneur needs to succeed. These attributes include being adventurous, dependable, stable, observant, and a team player. (more…)
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