It’s a sad fact that over 90% of small business owners don’t have accurate, dependable, and up-to-date financials. There used to be a lot of excuses for this: organizing your numbers was time consuming, complex, and expensive. Small business owners and entrepreneurs were faced with just two choices: hire an accountant or simply ignore the […]
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According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. One of the most common reasons businesses fail is due to inefficient management of cash flow, or in other words, lack of money. By planning, monitoring, and being prepared you can ensure that lack of cash will not […]
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BodeTree recently spent a few days in Austin, Texas at Q2 Connect, a meeting hosted by Q2, a company focused on partnering with financial institutions who want to take advantage of virtual banking. BodeTree has a similar mission of connecting with financial institutions to be the tool that starts meaningful dialogue between bankers and their customers […]
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Business Valuation Factors: What are business valuations based on? A small business valuation consists of historical financial statements, as well as forecasts and projections for the future. Business valuations are created for a wide variety of reasons – from preparing to sell your business, to seeking new investment capital, to navigating litigation, and more. Considering valuations […]
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When looking at a company’s financial statements, there are three main parts: the balance sheet, the income statement, and the cash flow statement. The balance sheet shows a company’s assets, liabilities, and shareholder equity. The income statement uses revenues and expenses to illustrate the value of a business. The cash flow statement looks at how much money […]
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It seems like everywhere you look these days there’s a story about the next billion-dollar startup. From Uber to Slack, success stories excite entrepreneurs and investors alike, filling them with a desire to strike it rich. According to a recent study conducted by the National Venture Capital Association and PricewaterhouseCoopers, a staggering $48.3 billion flowed into startups in […]
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“If business schools could offer just one course, it would not be on stock trading, the efficient market hypothesis or modern portfolio theory. Rather, B-schools should be encouraging students to learn the boring, but critically important, discipline of business valuation.” -Warren Buffett Knowing how to value your startup is the foundation to creating plans, strategies and making […]
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It’s time to organize your finances. If that shoebox full of receipts in your office gives you nightmares, the Denver-based startup BodeTree wants to gently rock you awake and offer you the accounting equivalent of breakfast in bed. Prior to today, you had to do a whole lot of legwork before you could have a […]
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Reward vs. Equity Funding The growing popularity of crowdfunding sites like Kickstarter and Indiegogo have helped to acclimate more small business owners to the idea of alternative lending. Over the past few years, these sites have been widely noted for funding everything from a fourth grade class sending a camera into space to award- winning […]
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Here are a few helpful hints to help you make the most of crowdfunding for your small business: 1. Pitch a story – not just a product or service. Unlike a traditional lending application, your crowdfunding pitch has to catch the attention of a general audience. An audience filled with people who are busy and […]
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