Innovation and creativity are core qualities of American culture, making entrepreneurship a key driver of job creation and economic growth. Yet, for most startup founders, the number one challenge in keeping their business afloat isn’t a lack of ideas or grit but inadequate funding. Indeed, research shows that 90 percent of startups fail. This handy guide highlights various financing options for startup and small business owners. And for investors looking to support these companies, we’ll highlight how you can get involved. Startup financing statistics How to get funding for a business Although each entrepreneur has a unique story and mission, all small business owners have access to multiple options for funding their company. Ultimately, the best choice depends on the specifics of your business, including its stage of development, the industry you operate in, and the amount of funding you need . Before you approach a potential investor, though, there are a few actions you can take to increase your odds of success: Develop a business plan: A comprehensive business plan is essential for securing financing from investors or lenders. Your plan should outline your business concept, target market, competitive analysis, financial projections, and marketing strategy. Build your credit […]

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U.S. Rep. Pete Stauber speaks during a small business listening session on Thursday, Feb. 16, 2023, at the Mayflower building in Bemidji. BEMIDJI — U.S. Representative Pete Stauber held a listening session in Bemidji on Thursday to hear the concerns of the area’s small business owners. Hosted by Greater Bemidji, members of various local industries joined the event to share their challenges with Stauber, who represents Minnesota’s 8th Congressional District, hoping that as a member of the small business committee, he might bring their concerns back to Washington, D.C. “Small businesses are the backbone of our communities,” Stauber said. “These are people that risk everything in small business and live that American dream.” U.S. Rep. Pete Stauber addresses attendees during a small business listening session on Thursday, Feb. 16, 2023, at the Mayflower building in Bemidji. He opened the listening session with a question for those in attendance, outlining his focus for the discussion. “I want to know the one regulation in your respective business that you think is out of bounds and hurtful to the development and success of your business,” Stauber prompted. While later in the discussion business owners brought up struggles with some regulations, the initial […]

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BOSTON, February 17, 2023 –( BUSINESS WIRE )–Around 1,000 postgraduate students at Harvard Business School were given the opportunity today (Friday 17th February) to engage directly with Iberdrola Executive Chairman, Ignacio Galán, and scrutinize the decisions taken over the last 20 years that have shaped the company’s strategy and drive into clean energy, as well as the company’s forward-looking strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230217005344/en/ Iberdrola Executive Chairman, Ignacio Galán, met with 1,000 postgraduate students at Harvard Business School to talk about the decisions taken over the last 20 years that have shaped the company’s strategy and drive into clean energy, as well as the company’s forward-looking strategy. (Photo: Business Wire) The day in the lecture hall forms part of a case study titled, " Iberdrola, leading the energy revolution ", which was prepared by Professor Juan Alcácer, James J Hill Professor of Business Administration. Mr. Galán took to the lectern in Aldrich Hall along with other senior management from the company across the day, as 11 different groups of 95 students each posed questions and drilled down into the finer details of Iberdrola’s business model and decision making processes. The case also […]

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The fourth annual Power 100 list was released in the Jan. 27 weekly edition of MBJ. The section profiles the 100 most powerful people in the Mid-South, as chosen by the editorial staff. Those included were also honored at an invite-only event at The Orpheum Theatre on Jan. 26. The 2023 Power 100 is sponsored by Duncan Williams Asset Management and ProTech Services Group. We will be rolling out those profiles over the coming days. This year, we’re grouping the Power 100 by their industry, profession, and/or what they bring to the table. MBJ subscribers can click here to read the full Power 100 issue . Here are the Power 100 honorees who play important leadership roles in private companies in the Memphis area. But beyond even that, they all are active in local civic and business circles: consulting, developing, innovating, connecting, and entrepreneur-ing. Al Bright with Bass Berry & Sims Bass Berry & Sims Al Bright Member, Bass, Berry & Sims; chair, Economic Development Growth Engine for Memphis & Shelby County As chairman of the Economic Development Growth Engine (EDGE) for Memphis & Shelby County since 2012, Al Bright is in the vanguard of local efforts to see […]

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FOX Business Flash top headlines for February 17 00:00 00:0002:18GO LIVE Facebook Twitter Email Embed SpeedNormal Autoplay PepsiCo, Inc is recalling for more than 25,000 cases of Starbucks coffee drinks that had been contaminated, according to federal officials. PepsiCo said in a statement to FOX Business that it initiated the recall for select lots of Starbucks Frappuccino Vanilla bottles, on behalf of the North American Coffee Partnership, that were shipped around the nation. The world’s second-largest food and beverage business didn’t say why the products were being recalled. However, the U.S. Food and Drug Administration (FDA) posted a note on its website that the product has been recalled because of a "foreign object (glass)." Customer chooses different tastes of Starbucks bottled Frappuccino. The FDA has also classified it as a "Class II" recall. This means "the use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote," according to the FDA. "The North American Coffee Partnership is committed to a high level of quality in the products we serve," PepsiCo said in a statement on behalf of the North American Coffee Partnership. […]

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Last week, Albuquerque’s Hispano Chamber of Commerce unveiled a new statewide crime statistics website — crimestatsnm.org — that it worked with local software company Real Time Solutions to build. And almost a year ago, the Business Coalition for a Better Albuquerque and data company RS21 — in partnership with the Bernalillo County District Attorney’s office — showed off a data-driven platform called Quaro that was built to help better identify crime networks. The Business Coalition put upwards of $3 million behind that platform’s development in early 2021. These initiatives are examples of the type of public-private partnerships that current Bernalillo County District Attorney Sam Bregman thinks can help not only make Albuquerque a safer place, but a more attractive place for business. New Mexico Gov. Michelle Lujan Grisham appointed Bregman to the role of Second Judicial District Attorney after his predecessor, Raul Torrez , was elected as the state’s Attorney General last fall. Bregman previously served as an Assistant District Attorney for the Second Judicial District and as Deputy State Auditor before stepping into the District Attorney role in early January. As the Roundhouse’s current legislative session hits its midpoint, Albuquerque Business First caught up with the new DA […]

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The smallest number of Pittsburgh-area businesses since the century began filed for bankruptcy in 2022, setting a new record for the third straight year. The U.S. Bankruptcy Court for the Western District of Pennsylvania tallied 154 commercial bankruptcy filings last year. That was 15 less than in 2021, the prior record-holder of at least the past 22 years, with 169. That, in turn, was 20% below the previous low point of 212 in 2020. There were 46 business bankruptcy filings in the fourth quarter of 2022. Of those, 22 were Chapter 7, or liquidation, and 24 were Chapter 11, or reorganization. That compares with 43 during the final three months of 2021. The data came from the Administrative Office of the U.S. Courts. “I wish I had a crystal ball that could tell me what to prepare for in 2023,” said Kelly Neal , a shareholder in the bankruptcy and creditors’ rights group at Buchanan Ingersoll & Rooney PC. “Filings were still low in 2022. The same was true across the nation. While, on the one hand, this is a good sign for the economy in western Pennsylvania and nationally, it has left some people wondering where the financial […]

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When job openings are plentiful and available workers are scarce, employers and managers should especially consider in-house talent to fill the open positions. However, when an employee excels in a role, managers may feel tempted to keep the employee in their position, even if they deserve the promotion. Additionally, these internal applicants may not receive the proper encouragement from leadership to take the leap and apply. As a result, an employee’s career growth becomes stagnant within the company, inadvertently pushing them to find employment elsewhere. This phenomenon can be defined as “flatlining” – refusing to promote a thriving, deserving employee for fear of having to hire a replacement. In reality, flatlining plagues individual employees, not businesses. However, flatlining can impact an organization greatly. If not addressed, flatlining can stifle company culture, hinder business continuity and lower employee engagement. Intrinsically, all businesses thrive when employees are encouraged to achieve. Therefore, to reduce flatlining among workers, managers should take proactive measures to define career paths and enhance internal training. The power of communication Communication in the workplace is vital to boosting employee morale, engagement, productivity and satisfaction, but most importantly, it helps employees grow into their next role. Managers and employees […]

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One of the most difficult challenges as an entrepreneur is learning to say "no." Turning down potential opportunities is difficult, but it can be essential for your business moving forward. Opinions expressed by Entrepreneur contributors are their own. Many business owners may find it counter-intuitive to believe that saying "no" could lead to business growth. However, it can be one of the most important strategies for achieving success and long-term sustainability. By being selective in what tasks and projects are taken on, companies can free up valuable resources to focus on the most important opportunities and create an environment of success that most definitely led to business growth . 1. Say no to unnecessary expenses In today’s competitive marketplace, cutting costs is essential for companies to survive or achieve business growth. Saying "no" can be a powerful tool in helping businesses reach their goals while saving money and having a better cash flow. When it comes to lower-cost operations, learning how and when to say "no" may be one of the most important lessons a successful business chief must master. Cutting back on expenses can drastically reduce overhead and increase profitability , but making this change means investing time […]

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Santa Ana Pueblo, N.M. – Tamaya Ventures, a firm owned by the Pueblo of Santa Ana, announced a groundbreaking partnership with three Division I Native American student-athletes, all from The University of New Mexico. The three are Ali Upshaw (Navajo), Cross Country; Natalia Chavez (Cochiti/Laguna), Basketball; and Jaelyn Bates (San Felipe Pueblo/Sioux/Navajo), Basketball. Each student-athlete has their own custom line of merchandise that is on sale starting Friday, February 17 through Wednesday, March 1. Fans can purchase directly here . The NIL agreement is the first of its kind between a tribal owned entity and Native American Division I student-athletes. It also marks a major milestone in the world of Native business development and marketing through NIL initiatives in college athletics. This innovative agreement will allow the student-athletes to use their name, image, and likeness while providing companies like Tamaya Ventures a brand-new way of engaging sports fans and new customer sources. This transformative piece of the Tamaya partnership with UNM Athletics is a demonstration of their commitment to serve the Native community and drive awareness to Santa Ana businesses. The NIL collaboration will be launched New Mexico’s sold-out men’s basketball game against San Diego State University on Saturday […]

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