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Article by, Lisa Virkus – Founder of Find the Capital To quote the great Al Pacino… “Life’s this game of inches. The inches we need are everywhere around us. It’s the guy that’s willing to go that extra inch that dominates his goals Because, when we add up all those inches, that’s gonna make the difference between winning and losing!” So summer is finishing up, Labor Day is upon us and, after the upcoming long weekend, are you are ready to dominate the 4th quarter? As you know, I founded Find the Capital to provide you the tools and resources to grow your business. Remember, the inches we need are all around us. We’ve got 7 days to till it’s time to get serious and “hit the ground running”. To help jump start your 4th quarter, I thought I’d share with you Find the Capital’s 4 Simple Steps to Goal Setting and dominating your competition. Let’s take a look at the 4 steps: The GET Step What do you want? Decide what it is you want and write it down. Make a list of all the things you’d like to do, goals you’d like to achieve, a list of all the places you want to go, and everything else you want to accomplish. Put it in writing! The ORGANIZE Step Organize your plan by listing every step that it will take to get you what you want. Now, organize your plan by prioritizing your list. Make a list of the order that will best accomplish your goal. If some of the items on your list look overwhelming, break them down into more manageable pieces. The ACTION Step Take some action every day to move you toward your goals. Write down the three or four things that are most important to do every day, week, and month to move you toward your goals and plan when to do them. Then do them! The LIST Step Make lists as you go. List what you want. List how to get there. List the steps you need to take to accomplish your actions. List the obstacles that might get in your way. List how to overcome them. List your action steps. By writing...
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Article by, Dave Lavinsky of Growthink There are many websites, such as ODesk, Guru, and Elance, on which you can find people and firms to which you can outsource projects. Regardless of the site you choose, the key is to get the largest pool of qualified providers to apply for your project. This way, you have more people from which to choose. Even if you only hire one, you can go back and contact the same pool of talent for future projects later. Consider applicants as being in your “rolodex” of people to contact in the future. Below are tips to keep in mind when posting your project. In a nutshell, you want to include all of the information that an applicant needs to know, but do so succinctly. If anything is left out, you’ll have to go back and answer their questions about it later. It’s always easier to clarify everything up front. Create a Clear Project Title Here, include the work to be performed, on what, and in what industry. For example, “Help Developing Ebook” could mean anything from research to writing to editing to cover design. Compare that to “Writing 10,000 Word Real Estate Ebook.” The latter will be more likely to catch the eye of writers with real estate knowledge. Create a Clear Project Description This sounds simple enough, but you should try to answer as many possible questions as you can, which means addressing certain areas, like: The scope of the project. In the above example, wanting a 10,000-word Ebook written vs. 20,000 words would be helpful information for applicants to know. This helps them estimate the time it will take them and therefore their bid for the project. If you are paying hourly, it will help prevent misunderstandings later. Software needed. Make sure they at least have Microsoft Word and Excel, if that’s what you use. Other software is industry-specific, like Adobe Photoshop among graphic designers. You may or may not know what software is needed for things you don’t specialize in, but you will soon enough. All other things equal, choose the person who already has the best software for the job, as you’ll get better results. Programming languages. Some website projects require that the...
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Article by, Jonah Lupton from Young Entrepreneur When ABC’s Shark Tank debuted three years ago, I was instantly hooked. But, of course, I wasn’t the only one. It quickly became a favorite among millions across the country and helped garner attention for entrepreneurs and business owners who are tasked with finding the funding to make their dreams a reality every day. While the TV show Shark Tank gives entrepreneurs the opportunity to pitch their businesses to a panel of five very successful (and often intimidating) investors, off camera many newbie treps are taking notes. And though dozens of entrepreneurs have landed an investment, even the misses offer a learning experience to young entrepreneurs who may one day pitch their big ideas to a room full of sharks. Below are some of the lessons I believe every entrepreneur — young and old — can take away from Shark Tank: 1. Be passionate. Whether you are pitching to investors, talking to customers or riding the elevator with some moneyed stranger, the passion for your company should be evident. To become successful you better love what you’re doing. Otherwise, it won’t keep you going when times get tough — and you can forget landing funding too. 2. Have hustle. A consistent characteristic in every entrepreneur is the ability to execute. Whether you’re building a product or going after new customers, prove that you can get things done. Don’t approach investors or enter any shark tank until you have shown a knack for creating value and the willingness to go the extra mile. 3. Create a strong team. I’m not saying that solo-founder companies can’t be successful, but I guarantee investors will always prefer a cohesive team consisting of hard-working individuals with complementary skills. If you simply can’t find the right co-founder, then surround yourself with mentors and create an advisory board of knowledgeable and reliable business professionals. 4. Know your pitch. No matter if you’re on Shark Tank, at a cocktail party or sitting in the airport, you never know who you might run into and whether they might become an asset to your business. Always be able to explain what your company does in less than three minutes and confidently answer any questions. For an optimal and memorable pitch, explain the...
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Article by, Brent Virkus – Senior Managing Director of Find the Capital A merchant cash advance is an alternative source of financing for small businesses who can’t get a traditional bank loan. If a business can’t get a bank loan, a merchant case advance is a viable alternative if a business has a cash flow problem and an immediate need for cash. Banks have been tight with their money since the beginning of the credit crisis in late 2007. As time as passed during the recession, credit has just gotten tighter. Recently, the Obama Administration strongly urged both large and small banks to increase their lending to small businesses in order to stimulate the economy and speed up economic...
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Article by, Brent Virkus of Find the Capital No moral of the story is Trust. Travis Pastrana is one of the worlds most adventurous thrill seekers of our lifetime. In his own unique way, he is an amazing leader of his people. So much so that not only do they trust him, but he puts his money where his mouth is and trusts his people enough to catch him in mid air and strap his parachute on for a safe landing… The one thing every great leader has is the ability to get his or her employees to trust them in a way other leaders can’t. This said, let’s take a look at the 5 transitions great leaders make that average leaders don’t. The secret to leadership is there aren’t any real secrets. The best leaders have simply gone to school on improving their tradecraft. While the capabilities possessed by the best leaders might seem otherworldly to many, they are merely the outcome of hard work, experience, perspective, and yes, a bit of luck. The best leaders have just learned to make certa do not. Leaders who are driven by profit will find they may be successful for a season, but they’ll eventually come to realize a pure profit agenda is not sustainable over the long haul. Great leaders make the transition from profit to purpose and are handsomely rewarded for doing so. A unified purpose can endure all things. People First– Leaders are nothing without people. Put another way, people will make or break you as a leader. You’ll either treat them well, earn their trust, respect and loyalty, or you won’t. You’ll either see people as capital to be leveraged or humans to be developed and fulfilled. You’ll either view yourself as superior to your employees, or as one whose job it is to serve them, learn from them, and leave them be better off for being led by you. The best leaders don’t put people in a box – they free them from boxes. Ultimately, a leaders job isn’t to create followers, but to strive for ubiquitous leadership. Average leaders spend time scaling processes, systems, and models – great leaders focus on scaling leadership. Develop Awareness– Great...
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Video by Richard Branson Since Branson founded Virgin in 1970, the company has grown from a small record outlet to a global powerhouse. Can the brand continue its success without him? Question: What is your advice for entrepreneurs? Richard Branson: I think the most important thing about running a company is to remember all the time what a company is. A company is simply a group of people. And as a leader of people you have to be a great listener and you have to be a great motivator. You have to be very good at praising and looking for the best in people. People are no different from flowers. If you water flowers they flourish, if you praise people they flourish. And that is a critical attribute of a leader. Question: What has been the most difficult part about running Virgin?Richard Branson: There is a very thin dividing line between success and failure. Most people who set off in business without financial backing they fail at some times in their lives. I’ve only just stayed at the right side of that dividing line. For instance, just after… You know we had a record company. I was fed up flying on other people’s airlines. I felt that the experience of flying on other people’s airlines was an unpleasant one and I decided to set up an airline. Well our bank went into a complete panic attack and when I came back from doing the inaugural flight of Virgin Atlantic’s very, very first flight from London to New York I came back to find the bank manager sitting on my doorstep and informing me that they were going to close Virgin down on the Monday and this was the Friday and that I had two days to effectively pay them off the monies that they’d loaned us and I remember pushing the bank manager out of my house, telling him he wasn’t welcome, which is a dangerous thing to do to your bank manager and then spending the weekend ringing around the world to all of the distributors of our music asking if they could give us a temporary loan to get us through the following week, which they were...
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