As you guys know, we are in the midst of our financing push, so we’ve naturally been keeping an eye on how recent VC and market trends.
Inc explores why it’s a great time to buy a business (listen up VCs and Angels!), the proper way to value your business and how to estimate your company’s growth potential. For anyone who is going through the same process as us, we completely understand how frustrating it can be at times. A lot of funds will simply say no unless you are an experienced entrepreneur or already have a great deal of money in the game. Unfortunately, that’s why we need VCs in the first place! Here’s an article that gives some good advice on break down the VC barrier and another on some common myths about VCs.
Naturally, we’re also running a business. Entrepreneur magazine writes about some important ways to connect with your customer. Another from Inc on writing a good mission statement. While I’ve always been skeptical as a customer of company mission statements, I have learned that it is a great way to force yourself and your company to distill to the core essence and well, mission of what you’re trying to do. For those companies who don’t have one, I urge you to try it, worst case, you lose an hour but best case it could help you focus on the tasks that enhance or prioritize that mission.