Tag Archives: invest

3 Ways You Can Gain Startup Capital

There are many exciting and new adventures that come along with starting a business, but  one aspect that may not be as exciting or may even be taunting, is finding ways to fund your company. Below are three ways to jumpstart your thinking on how you can fund your business:

1) Angel and seed investors.

Sometimes you find these people via the Internet, your personal network, or maybe you cornered Chris Sacca at his favorite coffee shop to pitch your idea. Regardless, your angel or seed investor is your go-to advisor whom you may compensate with equity in the company. Their network is always as rich as their net-worth, so take advantage of it. Angel investors can be found at websites such as Angel.co.

2) Crowdfunding websites.

Kickstarter, Indigogo, Gofundme, etc. We’ve all heard of these. Crowdfunding is a centralized way for startups to reach out to a large audience in their niche to make their prototypes or ideas a reality. In return, you not only create a community around your product, but you acquire your first users to test, utilize, and help innovate what you are working toward.

3) Private Lenders.

Music to an entrepreneur’s ears. Through private lenders, founders can gain access to funds without any involvement from the government. It is the most convenient way for most businesses to begin operations. One of the key players in this space is My Business Funded. They have a remarkable reputation for funding startups quickly and efficiently, even they’ve only been operational for 6 months. In turn, a ministration like this allows founders to worry less about operational costs, and focus on selling. Remember, as Shark Tank has shown, a startup doesn’t have to be a tech company; it’s any company on its way up! MyBusinessFunded is one of the quickest growing business funding websites today.

 


 

Read more from the original source:

https://www.entrepreneur.com/article/270373

4 Beneficial Ways To Invest Your End of Year Bonus

Around this time of year, it’s extremely easy to blow your end of year bonus on vacations, gifts for friends and family or that really nice watch you’ve had your eye on for a while… but you might want to reconsider those impulsive purchases and think about your future. Below are 4 other areas to invest your bonus in that you’ll thank yourself for later:

  1. Increase your 401(k) contribution.

You should already be contributing to your employer’s 401(k) retirement account and be taking full advantage of any available company match program if one is available, but if you get a bonus, that’s a great opportunity to increase that contribution.

The more you can set aside today, the better off you’ll be in the long run, thanks to the power of compound interest.

2. Start a 529 savings plan for your kid.

At many top colleges, the total cost for the academic year tops $60,000 and is only getting more expensive.

Time has a way of flying by, and before you know it, you’ll be responsible for a hefty tuition bill. Take your bonus and put it towards a 529 savings plan, a state-sponsored, tax-advantaged investment account that you can start when your child is born.

These plans allow a parent to contribute up to $14,000 a year — $28,000 for a couple — for each of their children’s college educations. It also allows anyone (a grandparent, godparent, or particularly generous neighbor) to contribute to the fund.

3. Pay off lingering debt.

JohanSwanepoel
JohanSwanepoel

If you have debt — whether it’s student loans, car loans, or credit card debt — a bonus can be a great way to start tackling it aggressively. Especially if the interest rate on your debt is high, you’ll want to pay it off as fast as possible, as interest can cost you thousands in the long run.

If you aren’t sure where to start, consider the advice from 13 real people who paid off thousands.

 

4. Start, or contribute more to, an emergency fund.

Not setting aside money in an emergency fund is a common (and costly) mistake — it’s easy to ignore the possibility of your car breaking down, a medical emergency, or losing your job, but these are all scenarios that could quickly become expensive realities.

Use your bonus create an emergency fund if you haven’t done so already.

The amount of savings you need is highly personal, so it isn’t usually measured in terms of dollars; rather, it’s months of living expenses that money could cover. A general rule is that it’s smart to have six months’ worth of savings tucked away, but you may need more or less depending on your situation.


Original Source: http://www.businessinsider.com/smartest-things-to-do-with-bonus-2015-12