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Financing with grants, not equity or debt

Berkonomics

I was chairman of a company that, for twelve years never took a dollar of outside investment. A company like this grows in value to its customers and to prospective buyers of the business, but without any dilution of control or ownership for the founders. The effort to write a grant request is not trivial. How refreshing!

Equity 156
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Can you finance your company with grants?

Berkonomics

I am chairman of a company that, as I write this, is twelve years old and has not yet taken a dollar of outside investment. The company grows in value to its customers and to prospective buyers of the business, but without any dilution of control or ownership for the founders. How refreshing!

Company 166
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If you’re lucky enough: Celebrate your exit!

Berkonomics

To celebrate with your customers, who worry over continuity and look to you for assurances that the transition will not negatively affect them. Take with you the best wishes from those in your past and build upon the education you received with this effort. Write a book. Think about investments and tax efficiency.

Writing 156
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10 Key Business Founder Checks Needed Before The Plan

Startup Professionals Musings

Most business advisors I know will say that writing a business plan is the first step to starting your own business, but I believe that a better first step is to do a self-analysis of your real drivers, strengths, and assumptions before committing to this lifestyle. Assess your own resources as well as funding sources.

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5 Unique Elements Make A Winning Selling Proposition

Startup Professionals Musings

If you are looking for funding and customers for your new business, you need to identify your “unique selling proposition” (USP) right up front, in 30 seconds or less, to differentiate yourself in today’s information overload. Investor and customer attention spans are short, and both will write you off quickly.

.Net 73
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Finding an Investor Who is in Love with You

Both Sides of the Table

You need a great concept in which you will build something that is truly unique and that will be valued by your customers. I only say that because after years as a VC I can always tell when my peer group invested in something because “it seemed like it would make money” versus when they invested out of passion.

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Entrepreneurs: Take the time to celebrate your exit.

Berkonomics

To celebrate with your customers, who worry over continuity and look to you for assurances that the transition will not negatively affect them. Take with you the best wishes from those in your past, and build upon the education you received with this effort. Write a book; I did. Think about investments and tax efficiency.