by Christina Lee on June 23rd, 2009
This month, Entrepreneur focuses on forms of “Creative Financing,” or non-traditional means of funding small businesses. One of these – grants – is generally advertised as free government money, no strings attached.
However, applicants must prove themselves worthy before reaping any rewards, through a rather extensive application process. Each grant program holds their own requirements, though in general, applicants can qualify if they meet these few:
Your business is small enough. Such size requirements are typically determined by the U.S. Small Business Administration. For all wholesale trade industries, this means 100 employees or less, according to clearinghouse Grants.gov.
Your business... Read more »
by Carrie Hinkel on February 22nd, 2008
For young entrepreneurs, now may be one of the best times to start a business and convince investors that your idea is the next “big thing”. More and more young entrepreneurs are turning ideas into million and even billion-dollar businesses. Most have heard that Bill Gates was only 20 when he started Microsoft and that Michael Dell was only 19 when he started Dell. More recently, Sergey Brin and Larry Page were both 25 when they started Google, David Filo and Jerry Yang were 27 and 25 when they started Yahoo!, and Facebook was founded by Mark Zuckerberg when he... Read more »
by Leeia Ladipoh on January 10th, 2008
The political picture of the world we live in today, at least in North America, has forced people to recognize that some individuals may be at a disadvantage when it comes to making money.
For this reason, several laws and organizations have been set up in order to ensure that minority groups, including women, have access to the wages and funds they deserve.
In fact, the government has stepped in and specifically developed a plan to assist minorities and women in setting up their own business. The program is developed and run by a federally created body known as the... Read more »