Boards

In the past I’ve mentioned the value of boards of advisors for even the smallest businesses. With advisors you will have a sounding board, mentors, and possibly even hands-on help when you need it. But you need to carefully select your board, nuture it, and most important, listen to what it has to say.

But how do you effectively assemble and use a board? If you are in Northeast Ohio you may find the answers in a seminar by Jumpstart at Corporate College East on February 25. Check out this opportunity at http://www.jumpstartinc.org/Resources/Events/Details.html?EventID=647

Will Limkemann
Siqua Group Limited

Royalty Financing

Here is an innovative financing strategy for cash-strapped businesses. It’s called royalty financing. It works like this: The business borrows money against future sales and in turn pays a small percentage (royalty) of each invoice to the lender until the loan and interest is paid off. I’ve just recently run across this interesting financing strategy, and it may be worth businesses looking into. My suspicion is that it is a costly way to borrow but may be an option for businesses that have exhausted other options. Check out this brief article.

Will Limkemann