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- Financial technology options can be an appealing option for entrepreneurs who have trouble accessing funding through traditional lenders
- However, fintech can also come with higher interest rates and more onerous repayment terms
- Proceed with caution when looking for financing
- Entrepreneurs often have to rely on personal funds for early-stage funding
- Tapping into personal funds, bringing on partners, and convincing friends and family to lend their support
- Crowdfunding options to take your appeal to a wider audience
- While entrepreneurs often focus on profitability, cash flow is arguably the more important consideration
- The benefits of tracking how money is coming into your business and how it is being spent
- Calculations involved in calculating and predicting cash flow
- Finding the funds necessary to start or expand a business until it can reach profitability
- Forecasting expenses and revenues as part of your business planning process
- Calculating how much money you’ll need to sustain your business until you break even
- Entrepreneurs often have to rely on personal assets to get a business started, but frequently don’t have sufficient funds
- Taking an alternate route and seeking support through a community development financial institution
- Options for investors that can support your early-stage company
- A service describing itself as the world’s largest community of investors and early stage investors
- Online tools for entrepreneurs to start, run, and raise funds for their companies
- Creating a free profile and getting started
- Grant funds do not need to be repaid and can provide targeted support for your small business
- Where to look to find grant opportunities
- Preparing a grant application and increasing your chances of success
- How keeping detailed records can help you assess the financial health of your business
- A look at the balance sheet, income statement, and cash flow statement
- View sample statements to view how this information is presented
- Lending authority, small business services, and other inquiries to make to a bank
- Weighing the benefits of a local, regional, or national bank
- Using a one-page information sheet to narrow down your options
- The definition and importance of bookkeeping
- For those starting a business and those who haven’t hired an accountant
- Learn the basics of small business accounting