by Jim McKinley. Jim is a retired banker with almost 30 years of experience. He created Money with Jim to share his advice and other resources on a variety of financial topics. Starting a nonprofit organization is a noble effort that requires careful planning. It also offers personal fulfillment by positively impacting society and bringing […]
Are there ways to get venture capital that make it easier to find the money you need? Yes, there are. Here are 9 secrets to getting that venture capital money. 1. Your business must be a full corporation that issues stock to stockholders who want to own it for future growth. You can’t get venture […]
When you’re reaching out to banks and investors to inject money into your business venture, it’s time to make sure you have all of your key pitch assets in order. Most of these assets are built from the same basic content and are simply reworked to fit different needs and requests. Once you have the […]
Venture capital is available for a number of businesses that are developing products for large markets. You hear about some of these companies, many in the technology field, nearly every day. Did you know that grants may also be available for the same businesses? So which should you take: venture capital (VC) or a grant? To […]
A few days ago, a number of readers had lunch with me in midtown New York at an exclusive club restaurant. The chairs were plush, the service was excellent, and the food was delicious. After dessert, a few of the readers asked me about grants — those wonderful money “donations” you can get to do […]
Small Business Development Centers (SBDCs) offer extensive support to small businesses and entrepreneurs, providing free consulting, low-cost training, loan assistance, and numerous resources for business growth and competitiveness. With over 700 locations across the U.S. and its territories, SBDCs are accessible and partnered with universities and state agencies, fostering business achievements.
P2P lending allows individuals to borrow and lend money directly online, bypassing traditional financial institutions. It offers benefits such as lower interest rates, quick funding access, and the potential for lenders to earn returns of 7-14%. Borrowers can secure loans without collateral, often for varied personal uses. As the practice grows, both parties are advised to understand the associated risks and regulations. Popular P2P lending companies and crowdfunding websites operate globally, providing platforms for these financial transactions.
Crowdfunding is an innovative way to gather funds from many people for ventures like businesses or startups. Equity crowdfunding, a newer form, involves selling company shares to investors worldwide via platforms such as FundersClub.com and Seedrs.com. This process is likened to venture capital but reaches a broader investor base, and requires a clear business description, financial projections, funding goals, and the selection of a suitable platform.
BY NOW, YOU’VE PROBABLY HEARD HOW CROWDFUNDING is changing the way people get and invest money for real estate. But did you know that the Statue of Liberty was America’s first major crowdfunding project? WHAT IS CROWDFUNDING? Crowdfunding is taking the power of a group of people (a “crowd”) to raise money for a real […]