Further to my recent post about a successful deal on Dragons’ Den which was the result of good marketing for the business as a business, this article highlights a pitch which was quite the opposite. Reminiscent of Clair Copp and her accounting software, this pitch left a sour taste in my mouth, but for slightly [...]
There are many courses online and in print which advocate methods by which you can make money while you sleep, or vacation in the resort of your dreams. The courses advocate the concept of easy money, in which you expend minimal risk to set yourself up for long-term success. The risks are described as minimal, [...]
There’s a fairly well known rule in propositioning to potential investors – make sure you have some personal investment in the business or you risk losing all interest up front. The reason for this is fairly simple – the investor wants to see that you believe in the idea enough to take some risk before [...]
Make sure you’re always listening for opportunities, even though you may not need them yet. When the right opportunity comes your way, make sure you don’t have your eyes shut.
Caution: Spoiler Alert – visit Dragons’ Den on CBC to watch the episode if you have not already seen it. If you are an entrepreneur, you likely know the importance of keeping accurate records, and that potential investors will be taking a careful look at those numbers before deciding to invest in your company. Apparently, [...]
Unexpected money can help get rid of an outstanding debt – but have you considered the reasons you might be better off putting the money into an investment, even at a lower interest rate?
Definition: An IPO, or Initial Public Offering, is the first public sale of stock in a company. A corporation does not need to be publicly traded, and, in fact, most are not. They are used, primarily, to act as a liability buffer between the people who are doing work and the clients for whom they [...]
Elie Kochman is the author of Advice for Small Business Owners and the founder of Optimal Upgrade Consulting. Using his experience working in the corporate world along with his exposure to the world of small businesses, he writes these articles to assist others avoiding common pitfalls of growing a business. His experience in the corporate world, building his own business, and working directly with other growing businesses has given him some perspective on the trials and pains of running a business.
