I’m trying to work out what’s up with Government Loans. I’ve never applied for an SBA Loan although I have had some experience with SBIR (technology grants & loans). If you’re interested you can use the government search tool. – phil
Loans and Grants Search Tool
To help you identify what government financing programs may be available to help you start or expand your business, use our “Loans and Grants Search Tool” below.
Use the Government search tool here…
Thinking startup? David S. Rose’s rapid-fire TED U talk on pitching to a venture capitalist tells you the 10 things you need to know about yourself — and prove to a VC — before you fire up your slideshow.
“The Pitch Coach” David S. Rose is an expert on the business pitch. As an entrepreneur, he has raised millions for his own companies. As an investor, he has funded millions more. Full bio »
Certified B Corporations are a new type of corporation which uses the power of business to solve social and environmental problems. B Lab, a nonprofit organization, certifies B Corporations, the same way TransFair certifies Fair Trade coffee or USGBC certifies LEED buildings.B Corps, unlike traditional businesses:Meet comprehensive and transparent social and environmental performance standards; Meet higher legal accountability standards;Build business constituency for public policies that support sustainable business. There are over 450 Certified B Corporations across 60 different industries. From food and apparel for you and your family to attorneys and office supplies for your business, B Corporations are a diverse community with one unifying goal: to redefine success in business. Through a company’s public B Impact Report, anyone can access performance data about the social and environmental practices that stand behind their products.
The Rule of 78 can be used with subscription business models to estimate revenues extremely quickly. The R78 is often used in the mortgage business but it is also very useful in the context of recurring revenue-based businesses, where a customer pays you a monthly recurring fee.
People running the following types of businesses:
To quickly calculate, back of the napkin style, my Total Annual Revenue from subscriptions. It’s very useful for comparing annual revenues when prices change, looking at revenues quickly over a number of years, without needing a spreadsheet or exploring the power of recurring revenue models.
Example scenario:
“ I run a business that hosts people’s websites; I charge them $100 per month for hosting, email and storage; I add 50 customers per month to my business. What will my Revenues be over a 12-month period? (Assuming we lose zero customers during the year. I.e. Churn = 0)
If I added one dollar of recurring each month the accumulated revenue over 12 months would be $78
New Revenue Total Revenue
January $1 $1
February $1 $2 ($1+$1)
March $1 $3 ($2+$1)
April $1 $4 (etc.)
May $1 $5
June $1 $6
July $1 $7
August $1 $8
September $1 $9
October $1 $10
November $1 $11
December $1 $12
TOTAL ==============> $78
Now, applying this to our website hosting business example:
Assumption #1: Monthly Subscription = $100
Assumption #2: New Customers / month = 50
Therefore,
Total Annual Revenues = ($100 x 50) = $5,000 x 78 = $390,000
Using the Rule of 78 we have just calculated our annual revenues based on our 2 two business assumptions about subscription amount and customer acquisition. We could take this step further and ask, what if we tweak our assumptions? Assume we know, that if we drop our price to $75, we gain customers at a rate of 90 per month. What happens to revenues?
Total Annual Revenues = ($75 x 90) = $6,750 x 78 = $526,500
We’re better off by $136,500 per year if we drop our price by $25.
