Working Capital

You own your own business and a job offer comes along with more security, better benefits, and a big salary bump. Would you take it? According to the Wall Street Journal, almost 60% of business owners say they won't quit for better salaries.

Ben Yoskovitz lists the 10 common questions investors will ask. Whether you're a startup or needing working capital to grow your business, knowing the answers to these questions will help you stay focused and be prepared to talk with a financial institution. However, we rephrased the questions for the company that needs working capital -- not startups:

Instigator Blog provides five simple and powerful tips for making the most out of pitching to investors for a startup. These tips also apply to seasoned businesses looking to raise working capital.

Here are his five tips with my notes.

From The Wall Street Journal:

"Small businesses on the hunt for working capital have seen some of the financing solutions of recent years all but shut down. Aggressive lenders...have pulled back in an uncertain credit environment, and options like home-equity loans have largely dried up as well.

Last week I had the opportunity of talking to Susan (not hear real name) in Florida. She was a registered nurse who - as so many others - got tired of making money for others. She opened her own company and started employing her co-workers until she eventually got about 30 nurses working for her. It was not that difficult for her to get contracts with health providers. Hospitals, prisons were delighted to switch to her and give her long term contracts because her punctuality, thoroughness and follow-up were excellent and well known in the area.