5 Tips to Avoid Common Fundraising Mistakes for Your Startup

| March 17, 2020

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Like it or not, most entrepreneur journeys include the not-so-pleasant component of fundraising. The reason I say it is not pleasant is because it often takes months, if not longer, and requires resources you may not have as a startup. The age-old chicken-and-egg situation of every startup is you need money to build a product and get users, but you also need a product and users to get money. I recently spoke with an old friend who is building a startup now. The topic of conversation was raising capital. I have these calls five to 10 times a week, and I have noticed several common mistakes entrepreneurs make, assumptions that are false, so I thought I would address them.

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Banjo

Banjo is a live digital capture of everything that’s happening in the world in real-time. Banjo analyzes the world’s social and digital signals the second they occur and organizes them by time and location, giving companies an unprecedented level of understanding about humanity and the world around us. The most important brands, financial organizations and media companies rely on Banjo to make better decisions, move faster and change the way they understand and interact in the world.

OTHER ARTICLES

5 Things a Small Business Should Consider During a Downturn

Article | March 31, 2020

No matter what your business is, you are likely to have been impacted by the coronavirus outbreak Covid-19. As a result, your business activities have probably reduced or even been suspended for the time being until the crisis is over. At this difficult time, you should consider it an opportunity to reassess the aspects of your organisation such as the operations and the financial outgoings. By taking these considerations, you will effectively put your business in a better footing coming out of a crisis. If you are a business owner, here are 5 questions to ask yourself regarding your business during a downturn;

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How the cloud enables accounting professionals to support small businesses

Article | April 15, 2020

Accounting professionals throughout the Americas are operating in unprecedented times with the impacts of COVID-19. With information changing daily on government stimulus packages, many of our accounting and bookkeeping partners are quickly adapting and helping their clients navigate through these tough times. Technology (especially the cloud) has enabled firms to seamlessly work-from-home and collaborate across the country. As well as find new ways to help their clients. Here are three reasons why moving your practice online allows you to better operate and support your small business clients during this time.

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4 Questions to Ask — and Answer — Before Starting a Side Hustle

Article | July 6, 2021

Starting a side hustle requires doing a bit more than deciding you will monetize your interests. You can explore a hobby or activity that you are passionate about through a side hustle. This hustle may also allow you to carve out a space for pursuing natural talents, such as the ability to bake cakes or sew clothing. Typically, a side gig is pursued on the side in addition to full-time employment elsewhere. Side hustles may not be your full-time line of work, but that doesn’t mean they do not receive any less attention. Starting a side hustle requires an investment of time, energy, focus, and dedication. This ensures that you may pursue what you love, learn by doing, create and establish a working business plan, and, ideally, set yourself up to build a loyal customer or client base that enjoys and invests in your offerings. Starting a side hustle also means being able to ask, and answer, tough questions to ensure you’re ready to commit. Before you start, make sure you can confidently answer the following questions to ensure a healthy lifecycle for your side gig.

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Business Technology Trends 2020: What is the SMB buyer buying?

Article | February 19, 2020

Where are businesses spending their pretty penny these days? Enterprises, SMBs alike have successfully hopped on the current technology bandwagon. As technology keeps advancing forth, it is changing the business ecosystem. When we say infrastructure, it roughly translates to a new technology adopted by business for a great ROI. Disruptors, advancements, up gradations, there are many ways we see the digital world seamlessly merging with the business world. 44% businesses worldwide will increase their tech spending in 2020 according to Comptia

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Spotlight

Banjo

Banjo is a live digital capture of everything that’s happening in the world in real-time. Banjo analyzes the world’s social and digital signals the second they occur and organizes them by time and location, giving companies an unprecedented level of understanding about humanity and the world around us. The most important brands, financial organizations and media companies rely on Banjo to make better decisions, move faster and change the way they understand and interact in the world.

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