[ad_1] The following excerpt is from Entrepreneur’s book Finance Your Business. Buy it now from Amazon | Barnes & Noble | iTunes Prizes from business contests run the gamut. A seemingly infinite number of local and business-school competitions offer small-change awards of $5,000 to $15,000; meanwhile, Rice University doles out …

[ad_1] Our very first consulting client was a home health-care business. As part of our initial analysis, we asked to see financial statements, and the owner handed us a three-ring binder containing monthly financials — meaning an income statement, balance sheet and cash-flow projections. Related: Income Statement Each three-page statement was neatly …

[ad_1] The decision to start a business is exciting, but don’t get caught up in the fairytale. If you want your business to succeed for the long-term, have these three essential elements in place. 1. Enough capital for six months. The time it takes to turn a profit will vary between industries …

[ad_1] During the recent election cycle, key states like California, Massachusetts and Florida opened the door to medical or recreational marijuana usage. Now 29 states have legal pipelines for the exploding $8 billion cannabis industry. The unlikely winners of this growing opportunity and finance pipeline? Women. Gender parity means more …

[ad_1] The following excerpt is from the staff of Entrepreneur Media’s book Finance Your Business. Buy it now from Amazon | Barnes & Noble | iTunes Applying for a bank loan involves much more than filling out paperwork and saying a prayer. Among other things, you need to consider the state of your personal and business …

[ad_1] When faced with the frustrating constraint of limited capital, many entrepreneurs contemplate venture capital (VC) as a potential solution. Armed with a compelling vision, marketplace traction and a high revenue growth rate, these businesspeople believe that the only thing standing in their way is their lack of cash to scale the organization. …

[ad_1] Many think fast and furious is the right way to grow a company business, but it’s often not the smartest mentality when it comes to business loans. Small-business owners and entrepreneurs need money for a variety of reasons, but many are unrealistic about how much money they really need. The …

[ad_1] Often, one of the first questions an entrepreneur has to answer is “Where should I start my company?” Silicon Valley and New York are obvious answers but no longer the uncontested giants they once were.  Late last year, my team decided to figure out what exactly made for a …

[ad_1] One of the most important decisions a small business or start-up can make is which bank to do business with. That’s because building a relationship with the right lender is critical to ensuring that your business grows and succeeds. Related: How to Pick the Right Bank for Your Business You …

[ad_1] Entrepreneur has an affiliate partnership with Hurdlr so we may get a share of the revenue from your purchase. Without even a ballpark idea of how much to set aside for your self-employment taxes, you can be blindsided at the end of the year by a huge tax payment you …