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Archive for the ‘Financing Your Business’ Category

Guide to Angel Investor Organizations and Groups

Posted by Seth Elliott On December - 30 - 2010

This Guide to Angel Investing Organizations is a detailed listing of more than 225 angel investor groups throughout the United States and Canada – as well as several international organizations. Although this guide is substantial, it does not purport to be fully comprehensive. Some of the information herein may be incorrect, and there may be […]

My EBITDA is Bigger Than Yours . . .

Posted by Seth Elliott On September - 21 - 2010

Venture Capitalists, Investment Bankers and related professionals love to sprinkle their conversation with esoteric terms – most notably the fabled EBITDA and EBIT. Let’s examine the calculation of these items and, more importantly, why they are used. EBITDA stands for Earnings Before Interest, Taxes, Depreciation and Amortization. Although this can be calculated from the Net […]

The Income Statement

Posted by Seth Elliott On September - 14 - 2010

Continuing our discussion of key accounting and finance elements for entrepreneurs, let’s take a look at the components of a financial statement. It’s easiest to begin by examining the Income Statement. The Income Statement is what many people imagine when thinking of financial statements. Essentially, the Income Statement is the Profit and Loss statement (P&L) […]

Leaping the GAAP

Posted by Seth Elliott On September - 7 - 2010

One of my clients once said to me “When I first had to deal with accounting and financial statements, it made me want to cower in fear.” While that may not be the typical entrepreneur’s experience, it can sometimes feel like accounting processes were designed to be overly complicated and confusing. Today, we’ll examine GAAP […]

Corporate Finance and the Entrepreneur

Posted by Seth Elliott On August - 10 - 2010

I have received a number of questions from entrepreneurs (and would-be entrepreneurs) lately that are related primarily “corporate finance.” For those unfamiliar with the term, it broadly addresses the area of finance that deals with the financial decisions made by business enterprises, including tools and analyses, in order to maximize value. A related component references […]

Help Change the SEC Rules for Crowdfunding Startups

Posted by Seth Elliott On July - 7 - 2010

Paul Spinrad, Jenny Kassan and the folks at the Sustainable Economies Law Center have done something that every entrepreneur should know about. They’ve initiated a process to help make crowdfunding startups and small businesses a reality from a legal perspective. As it stands now, most forms of crowdfunding are ILLEGAL. You can read more details […]

Competition Is Good

Posted by Seth Elliott On May - 13 - 2010

I was invited to sit-in on a financing meeting the other day, which proved quite interesting for our purposes here at the Unchained Entrepreneur. An eager entrepreneur was busily pitching a venture capitalist on the solution he offered. Our intrepid entrepreneur was seeking $2,000,000, primarily for sales & marketing purposes – though he also needed […]

What’s Your Problem?

Posted by Seth Elliott On April - 29 - 2010

One of the best ways to develop your company’s strategic plan, summary and especially elevator pitch is by asking yourself (and your team) a series of core questions. A great approach is to pose these questions and engage in an intensive brainstorming session for each to determine answers. In each case, you want to develop […]

6 Tips for Bootstrapping Your Business

Posted by Seth Elliott On April - 14 - 2010

DSWS8QF8XU4B Today it’s easier and cheaper to start a business than ever before in history. The technological advancements of the last ten years, particular in the internet and telecommunications, have brought the capital needed for core business formation to unheard of levels. However, growing your business is a different story. Many businesses do require a […]

Business Defensibility: Identifying Your Moats

Posted by Seth Elliott On February - 17 - 2010

In meeting with a prospective client the other day, I had the occasion to ask the founder to detail for me why his business was defensible. “No problem,” Bernard answered. “We’ve got 2 issued and 3 pending patents. We don’t really need to spend any time discussing that any further.” As you might imagine, I’m […]