Startup Tax News: Business Startup Expense Deduction IRS Ruling
The IRS recently issued final rules for elections by individual taxpayers, corporations and partnerships to deduct startup expenses (individuals) or organizational expenses (corporations and...
View ArticleLoftis Consulting’s Tips on Building a Credible Financial Model
If you have read any of my earlier posts regarding start-up financial modeling, I emphasize that entrepreneurs must have credible key assumptions or drivers as the basis of the business model. If this...
View ArticleHow To Raise Business Capital – Part II
In Part I of the capital raising primer, the primary focus was on determining the amount of money that needed to be raised. For Part II, the focus will be on the type of investors you should focus on....
View ArticleAngel Investments Up 40% in 2011
For those who did not already know, the Midwest is becoming a hotbed for start-ups. The recent Halo Report, by Silicon Valley Bank, supports this finding through its analysis of a sample of 2011 angel...
View ArticleTips to Create A Financial Forecast for Businesses Like No Other
In earlier posts I have given tips on building credible financial models that in essence communicate to potential investors the business vision in numeric format. However, I have been getting a lot of...
View ArticleHow Your Start-up Can Learn From Groupon’s Accounting Issues
Groupon has been in the news again regarding how it records its revenue. To account for the likelihood that its customers will get refunds, Groupon books an estimated offset (e.g. reserve) against...
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Start-up Infographic
Here is an infographic on start-ups created by Start-up Success This infographic highlights how even after an entrepreneur fails he or she is more likely to be successful in the long-term because...
View ArticleWSJ: When Freemium Falls Short
In a recent Wall Street Journal article, the writer highlighted the risks of a freemium business model. Freemium is when a start-up venture offers it service for free for a Basic level service package...
View ArticleIntroduction to Business Models
I came across this excellent white paper entitled Building Resilence – Introduction to Business Models that discusses in detail the concept of business models. In the business world we throw this term...
View ArticleJOBS Act Investor Solicitation Rules Goes Into Effect Today
Finally, the day has arrived. Today companies can advertise private placements to the general public using general advertising methods including social media; however, the private placements can only...
View ArticleWhy Raising Capital Continues to Be a Struggle
This article published by CFO.com, “Demand for Venture Capital Outstripping the Supply” is a must read for companies seeking capital. The article focuses on why raising capital remains challenging for...
View ArticleJOBS Act Update: 2 Years Later, Where Are We Now
Rules under the JOBS act are still not finalized. The Washington Post article, “Companies, Congress grow anxious as the wait for crowdfunding continues“, updates us on the status of the JOBS act.
View ArticleReview of 2014 IPOs
The New York Times and Deal Book have an excellent article, “Investors Bought Into Nearly $250 Billion in Global I.P.O.s in 2014“, that highlights the major initial public offerings in 2014. It is...
View ArticleHow to Start a Business with Customer Cash
The Wall Street Journal had a great article on “How to Start a Business With Very Little Money”. The article highlights ways a start-up can garner cash flow by getting customers to pay upfront as one...
View ArticleIs VC Funding Right For Your Business by Cole Sadkin LLC
Cole Sadkin LLC makes some great points to consider when deciding if venture capital funding is right for you and your business. Check it out “Is Venture Capital Funding Right for You?“
View ArticleIllinois Series B Funding Taking Longer to Secure
A recent article in Crain’s stated that Series B funding is taking longer to secure. According to Crain’s, it took 3.7 years on average for a start-up to get Series B funding in 2006 but took 4.4...
View ArticleSEC Issues Alert on Crowdfunding for Investors as May Effective Date Nears
The Securities and Exchange Commission’s (SEC) crowdfunding rules are drawing closer (May 16) and the SEC has issued a bulletin for investors who are interested in crowdfunding. The bulletin...
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4 Best Industries For Starting A New Business Venture Today
As years go by, there are always certain industries that are profitable for entrepreneurs. Today, we take a look at four of the best industries for starting a business in 2017. All of these industries...
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Startup: How To Fill A Hole With A Food Business
Image When it comes to starting a new business, the owner has to choose the right industry. Did you know that 543,000 new companies start up each month? That’s over 3 million new...
View ArticleTrack Your Startup Costs to Ensure the Best Tax Situation for Your New Venture
As you may know, money is spent to start a business even before you open your doors to the first customer in both brick-and-mortar and online businesses. These pre-opening costs are commonly called...
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