Posted on 07/18/11 by Jim Herrera
As many of you know, I’ve been in several startup entrepreneurial ventures. One of the biggest problems I’ve faced (for a variety of reasons) is when customers don’t pay on time. We’ve all had the experience of running our businesses on a frayed shoestring. And that shoestring frays even faster when a customer fails to [...]
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Posted on 01/22/11 by Jim Herrera
Whatever amount of money you want to raise, be prepared for rejection. In my career, I’ve raised about $10MM for my startup ventures. But I probably was rejected 80-85 percent of the time. I’ve made 150 VC presentations. That’s a lot of rejection. But, as an entrepreneur, your faith will get you through these trials. Here [...]
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Posted on 01/17/11 by Jim Herrera
The past year was a rollercoaster for business owners hoping for tax relief, but help finally arrived right at the end of the year in the form of the Tax Relief and Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Here’s a look at what’s changed and what you need to know about business [...]
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Posted on 01/11/11 by Jim Herrera
Unless you’re independently wealthy, entrepreneurs usually have to hit the banking and investor circuits in search of loans and other startup funds. It can be a tough task, especially when the credit markets freeze up like they have during the recession. “Many investors cannot predict when the economy will return to its go-go growth days, [...]
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Posted on 12/15/10 by Jim Herrera
If you have been working on a small business idea, now is the time to get at least some revenue in the door. As part of the recently enacted Small Business Jobs Act of 2010, new business owners may be able to deduct up to $10,000 in start-up costs this year if they start their [...]
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