Practical Business Lessons From my Daughter’s Lemonade Stand

My daughter had been asking me for three days straight whether we could put a lemonade stand in front of the house. She had that relentlessness that seven-year-olds have when they want something – and they want it now. As someone who has lived in Miami for many years, I can tell you that the […]

How I Financed My Startup

I have started writing posts about my experiences launching Commercial Capital LLC, my factoring company. My last post covered how I changed industries to launch the company. In this post, I am going to tell you how I financed the company. By the way, this is not a tale of interminable venture capital pitches or […]

The Most Important Skill Every Startup Employee Should Have

My first job, right after college, was with a company called Metrica. The company was a software technology startup right in the middle of the Telco boom of the late nineties. The owners sold it to ADC Telecommunications for a tidy sum at the time. Landing that job was probably one of the luckiest career […]

Financing a New Company by Factoring Invoices

Startups that work in the business-to-business space often run into cash flow problems because business clients often pay invoices on net 30 to net 60 days. Few entrepreneurs account for this issue in their financial forecasts – but it can have a real and serious effect. This problem can often affect cash flow when the […]

How I Launched My Startup and Learned a New Industry

Starting a business in a new industry is pretty challenging. It’s probably one of the toughest things I’ve had to do in my life. Fortunately, I was lucky enough to pull it off. And I emphasize the term “lucky.” I’m convinced that luck played an important role in making it past the first couple of […]

Should I Ask Friends and Family to Invest in My Business?

Finding the right type of business financing – or any financing, for that matter – is one of the greatest challenges that entrepreneurs face. Unfortunately, a brilliant business plan (or idea) won’t help you much unless you have the money to launch the startup. Asking your friends and family to invest in a business is a […]

Are You Ready to Leave Your Job and Work in Your Business?

One of the defining moments for an entrepreneur is when they decide to quit their job and start working for themselves. This is one of the most important decisions you will ever make. If you leave too early, your business could fail because you ran out of money. And if you leave too late, you will […]

Running a Business While Working a Full-Time Job

Most small businesses are started by individuals who work a regular job while launching their startup. Running a side business is a time-honored tradition. Unfortunately, most entrepreneurs go about this tradition the wrong way. This often creates problems at the office – jeopardizing the steady salary that your job brings. This short article covers some of […]

Is Crowdfunding a Good Alternative to Finance a Business?

Crowdfunding has quickly become a popular way to obtain business financing. It’s gaining media attention as a cool, innovative way to get a business or project funded by interested folks. But is it really a great way to finance a business? Let me give you the short answer first: it can be a viable way to […]