Here is the second part of our list of creative ways to finance your small business idea:
6. Cash in an IRA - Be careful now. You’re messing with your retirement funds. See if the bank will take the IRA as collateral without cashing it in.
7. Assign a CD - same as above.
8. Vendor financing […]
With the introduction of the Kindle, e-book reader, Amazon.com is trying to follow in the footsteps of Apple’s iPod and iTunes business model. My initial reaction is maybe. From recent reviews it has quite a bit going for it. I understand that he reading surface is excellent. The best feature is that the device is […]
Baby boomers are in a unique position in financing business startup and growth. We have more assets than we did in our 20s and 30s, and we’re more secure in our ability to do what it takes to make a business work. But there are still many challenges, particularly when it comes to […]
Fascinating article in WSJ today “Touch CEO’s Ofter Most Successful, a Study Finds”, by George Anders, pp B2. Fascinating because it’s based on a closely held survey of corporate CEO’s run for stock analysts. It’s a real insight into who runs major corporations and what personal traits leads them to be successful. The caveat in […]
Headlines in today’s papers indicate that more losses are expected in financial markets from the sub-prime mortgage situation. Also, builders will suffer greater losses and are implementing strategies like mothballing developments and filing bankruptcy.
This is really good news. The market does not reach bottom until people stop saying the real estate market is going to […]
Wells Fargo just announced that it is “America’s number one small business lender.” OK, that’s great. They make more loans to small businesses than anyone else. But I’m here to tell you big doesn’t necessarily mean best.
If your small business needs a loan, the first place you should look is not […]
I’m confused about this one: A Reuters article reports that the Federal Reserve has cut interest rates in both September and October. So, this means: you can borrow money at a lower interest rate, that is, you can borrow more cheaply. So this is supposed to be good for small businesses.
Instead, […]
It amazes me every time I see it, but it should not. There is a story on the front page of the B section of today’s Wall Street Journal “Writing the Book on Self-Help: A Publisher’s Cautionary Tale.” It’s an interesting article on its own because it goes into the do’s and don’t’s of self-publishing. However, the […]
Do you think that as a baby boomer you’re too old to start a new business? Here is a great story from MSNBC about octogenarians starting new businesses. The title of the story is great: Forget bingo! 80 is the new 30. Included in the story is […]
Every Sunday the New York Times has a small section where it lists five of the top news stories of the week. This past week all five were on the fall of the dollar against other currencies. I know that New York City is the financial hub of the known universe so that sort of […]
business advice for boomers
Written by Jean Murray [email] for b5media.
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