Crowdfunding is hot right now, but is it right for you? Learn crowdfunding’s pros and cons in this revealing interview with Evan Cohen, a top executive of Indiegogo. Immigrant Business: Indiegogo has become one the of the top three crowdfunding sites on the web in a few short years. How did it get started? Cohen. Basically, our three […]
The importance of credit in building new businesses, and what you should know before you borrow money. We provide a step-by-step instruction on the various ways you can establish credit. 1) Establish your personal credit. “For a new business, it’s your personal credit that matters,” said Chris Dlugozima, a certified consumer credit counselor at the […]
For immigrant entrepreneurs not accustomed to the US financial culture, credit management may seem a daunting task. Learning from others’ mistakes could make it easier to tackle. 1) Read the Fine Print! Some immigrants don’t read documents because of the language barrier, while others put too much confidence in whoever asks them to sign. Unfortunately, […]
How did this immigrant entrepreneur parlays his savings, sweat equity, friendship and enthusiasm to realize his dream of teaching American kids to play world-class soccer? Like many immigrant entrepreneurs, Aziz Makhani didn’t need millions of dollars to launch his big idea. To make KickShot, his soccer board game, a reality, he needed less than $50,000 in startup funds. […]
The crunch made bank loans tougher to get, but with today’s low rates they’re worth the effort if you’re prepared to put in the time and legwork. Until recently, the first place many entrepreneurs turned for funding was their bank. That’s changed since the credit crisis hit the United States. Since then, it has difficult […]
How to get loans, attract investment capital, and more. Some of the world’s most famous companies – including Apple, Hewlett Packard, and Google – had humble beginnings in the founders’ garages. While they started on a shoestring, that doesn’t mean the founders launched them without putting in any money at all. To launch even a […]
Countless entrepreneurs have used credit cards to finance their businesses. But be careful how you use them, there are risks involved. Countless entrepreneurs have used credit cards to finance their businesses because they had nowhere else to turn. Their numbers are growing. According to a recent survey by the National Small Business Association, credit cards […]
How did successful fashion entrepreneur Eddie Wang raise the money he needed to run Toula, his multimillion-dollar women’s apparel manufacturing business? He slowly built good credit and invested years in building a strong working relationship with his bank. Eddie Wang … slowly built good credit and invested years in building a strong working relationship with his […]
Before you you sell a stake in your business to outside investors, here are seven essential questions you must consider. Most businesses need to raise capital during the early days, but if you don’t take the right steps from the outset, these cash infusions can also lead to disasters, like losing control of the company. […]
Microlenders are more likely to loan to immpreneurs than banks. Watch this video to find out why. ACCION CEO Paul Quintero explains the differences between microfinancing and traditional bank loans … and why taking a microloan is often a better option for immigrant entrepreneurs.
