According to the Bureau of Labor Statistics, 20% of businesses fail in their first year of existence and almost half of all startups (45%) will have failed within the first five years. Lack of funding has been found to be one of the reasons they
Ever heard of a SPAC? That’s the new trend floating around Wall Street. It stands for special purpose acquisition company and everyone from former Speaker of the House Paul Ryan to Shaq to the youngest self-made billionaire, Austin Russell, is getting involved with these. So
Investors and innovators are always looking for the best areas of growth in the public sector. Currently, investing in the cannabis industry has proved to be one of the most beneficial returns. With the current cannabis movement across the world, the emerging U.S. market has
Fred Mwangaguhunga is an angel investor, journalist, and a self-made New York millionaire entrepreneur. As CEO of MTO News (Media Take Out News), he created an online platform that caters specifically to African American celebrity culture. Even though the COVID-19 pandemic proves to be a
By looking at their business plan, entrepreneurs can figure out how much capital they need to start their activity. They can also predict the ways of financing from traditional sources (bank loans, credit cards, or family resources). However, some people cannot get it this way.
Borrowing money from family and friends has its advantages. In most cases, there will be no commissions or interests attached. However, the dangerous part is that these informal transactions do not have the assurance that money will be returned. Many times, relationships are broken as
If the term angel investors is previously unknown to you, an aspiring, budding, or fledgling entrepreneur, it will soon enough become both familiar and relevant. Unless you are otherwise independently wealthy, then your business idea is going to need funding sooner rather than later. There