Raising Capital: Don't Be Arrogant And Never Be Desperate
Thursday, September 22
Reproduced with Joel Block's permission below: I’ve worked with entrepreneurs day in and day out for many years, and I find that entrepreneurs are clearly the most difficult-to-understand group of people there is. But this difficult-to-understand group of people is also a group I understand best ...
The Joys Of Working With Lenders In Today's Environment
Monday, September 19
We are currently working on getting some new credit lines to fund some east Austin development deals and it never ceases to amaze me how creative bankers can be with inventing ways to avoid lending. You would think they would be eager to lend in exchange for charging a bit higher interest rate. ...
What If You Can't Eat The Whole Elephant?
Friday, September 16
Reproduced with the permission of Joel Block below:If you look at the individual investors that participate on Wall Street, only a tiny handful can take down a whole company all by themselves. There are a few billionaires who can but they generally don't want to, and typically prefer to share the...
Diversify Your Revenue Streams
Saturday, September 10
Reproduced with the permission of Joel Block below:Depending on a single revenue stream is one risk that even risk takers should avoid. Why? Because revenue streams can fluctuate more dramatically than the 70-foot tides in the Bay of Fundy. Seasonality, the economy, the weather - any number of fa...
Don't Want it Too Badly
Friday, September 09
Reproduced with the permission of Joel Block below:This is a difficult issue, in part because of the nature of entrepreneurship. Entrepreneurs must be willing to take risks. But these risks must be calculated, and expectations must be realistic. Entrepreneurs who regularly take "flyers" on the c...
Why Is Now The Time To Work Together?
Wednesday, September 07
Reproduced with the permission of Joel Block below:I was at the gym yesterday, talking to a long-time friend who had just finished a conversation with one of his friends. My friend said that he was quoting me when he told this friend that "everybody has to cooperate during these difficult times s...