Equity Crowdfunding – Just Around the Corner?

On Tuesday (March 27th), the U.S. House of Representatives approved the Senate’s version of the “Small Business Capitalization” amendment to the JOBS (Jumpstart Our Business Startups) Act.  This amendment allows small businesses to use equity-based crowd funding to generate investment into their businesses.

This doesn’t open the flood-gates and create some kind of fund-raising free-for-all that some opponents of the legislation might have you believe is the case.

Small business – the engine of the US economy?

Politicians and the media like to spout what seems to be conventional wisdom that “small business is the engine of the US economy” and that these businesses create the most jobs.  But is that so?

One of the criteria describing Collaborative Xceleration’s target market niche is “small companies looking for exponential growth”.  So, recently I’ve been doing some research into how many of these companies exist in the U.S., and what their geographic distribution is (this is also input to deciding where we are going live!).  As part of that research, I’ve come across some interesting data that addresses the “engine of the economy” statement which I thought I would share with you.

Surround Yourself with Smart, Trustworthy People (Revisited)

In last week’s post, Surround Yourself with Smart, Trustworthy People, I talked about building teams of smart, trustworthy people around you.  In two LinkedIn groups that I post this blog to I got comments that I thought I should address here – especially as I thought I had covered the points they raised in last week’s post!  Also, I had a meeting this week with an individual where the subject of networking for leads came up, and which tells a similar story to that of the comments.

Surround Yourself with Smart, Trustworthy People

Recently, on behalf of a couple of new business owners I had met, I reached out to a past client because I thought they could provide some insight to and even connections for these new individuals.  This week, I got an email back from the past client in which they made a statement which I think is very apropos to the content of my last few blogs.

The past client said that the individuals should “surround themselves with smart, trustworthy people.  You can’t do these sorts of things alone.  Building a strong team around you takes time, a great deal of belief, money and tenacity.”  They clearly hit on my recent themes of “you can’t do this alone” and “get good people on your team”; but, in just those few words they touched on so much more.