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Create Invoices, Estimates – Orders with Express Invoice #business #loan #calculator


#free business software

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Express Invoice Invoicing Software

Easy invoicing software to manage and track your billing on Mac or Windows.

  • Create invoices, quotes and orders quickly
  • Automate recurring invoices and templates
  • Easily add multiple users and enable remote access

Express Invoice lets you create invoices you can print, email or fax directly to clients for faster payment. The reporting functionality allows you to keep track of payments, overdue accounts, sales team performance and more.

Streamline your billing process and support multiple tax rates for multiple businesses—all with secure mobile access to iPhone and Android devices. Compatible with Windows and Mac, Express Invoice is available for download today.

Get it Free. A free version is available for home users or businesses with fewer than 5 staff members. Download the free version here. which does not expire and includes most of the professional version features.

Invoicing Software Features
  • Easily create invoices, quotes and orders
  • Customize invoices including logo, heading text, notes and more
  • Save or send invoices as PDF files
  • Email or fax directly from the application
  • Schedule recurring invoices
  • Automatically send statements to customers with overdue payments
  • Supports multiple tax rates for countries where required (e.g. Canada)
  • Supports invoicing for multiple businesses
  • Web access lets multiple users within the organization log in securely via the internal network or the internet
  • Secure, mobile access through the web interface (e.g. iPhone, Android)
  • Sync between your home computer, mobile phone, tablet or any device with the Express Invoice app
  • Reporting includes accounting, salesperson performance, unpaid invoices and more
  • Integrates with Inventoria to maintain inventory data across all aspects of your business

* The iPad and Android apps do not have the web access feature, instead install the desktop version for remote access and log in remotely using the Internet browser on mobile devices.

Invoice Software

Related Software

Invoice Program System Requirements
  • Windows XP/Vista/7/8/8.1/10
  • Works on 64 bit Windows
  • For earlier versions see Win 98 and Win 2000
  • Mac OS X 10.4 or higher
  • iPad version runs on iOS 3.2 or higher
  • Android version runs on 2.3.3 or higher
Download Invoice Software
Join Over 1.6 Million Users

“I have a small, freelance writing business and sometimes projects string out and I have to track my time and eventually send the invoice. I can do all that with this program, plus it will send bulk emails and print all the unpaid invoices when I want them or show me reports for a fast business overview. It does everything I need it to and turns out a nice, professional product.”

– JB, Small Business Owner

Purchase Express Invoice
  • Purchase Express Invoice online here


8 Going Green Small Business Ideas – Opportunities #business #process #outsourcing


#green business ideas

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8 Green Small Business Ideas Opportunities

If you re looking for ways to earn some extra money, you might want to think about starting a green side business.

Not only is having a green business a great way to set yourself apart from your competition, but it also makes you more memorable in the minds of your potential customers.

So what exactly is a green business, you ask? Here are 8 examples you can start with right away.

Go Green Small Business Ideas

1. Get into Worm Farming

I m really into vermicomposting. If you are too, then you could start a side business selling your compost, and your worms, to gardeners and fisherman. Compost, especially organic compost, is really expensive to buy in home improvement stores. Your neighborhood gardeners would love to pay a cheaper price for your compost, though!

You could also hold classes and teach others how to get into vermicomposting.

2. Make Organic Soap

Making soap isn t as hard as a lot of people think. This is a side business I m thinking of starting myself this summer, and I ve already started researching on what I need to get it going.

The cool thing about homemade soap is that you can make it really unique. For example, you can make goat s milk soaps, organic soaps, herbal soaps, aromatherapy soaps the world is your oyster! You can sell your homemade soaps at farmers markets, crafts fairs, and online through marketplaces like Etsy and eBay .

3. Create Organic Gardens for Small Spaces

Thanks to the down economy, and an increasing concern about food safety and pesticide use, more and more people are getting into home gardening. But, it can be overwhelming, especially to those who have never started seeds from scratch or tried to pick out vegetables to grow.

You could build an awesome side business by doing all of this work for them. You could sell garden packs prepared for beginners, especially those who want to get into container gardening. If you have a green thumb and love planting, this would be a fun and rewarding side business to get into.

4. Become a Green Consultant

You ve probably heard time and time again that going green often means you save green. The savings can be significant, especially for businesses and corporations.

Green consultants are popping up everywhere. These consultants do a thorough evaluation of a home or business, and then put together a strategy to help people find ways to go green and save money.

For instance, you might discover a homeowner is losing a lot of energy because she doesn t have enough insulation in the attic and her weatherstripping is shot. You ll help purchase green energy technologies that help them save energy, start a recycling program. and be more efficient in general.

One way to get started is to check out Green Irene Eco Consultants. For $350, you get a full online training package, as well as plenty of support and materials to help you start your eco consulting business.

Some technical schools and adult education classes will also teach you how to be a green consultant. Or, you could also go the DIY route, and study on your own.

5. Make Soy or Beeswax Candles

Did you know that traditional candles often release harsh or even toxic chemicals into the air? Soy and beeswax candles are natural, especially when they re scented with essential oils. They also burn slower and purer than paraffin wax, and they don t leave any smoke residue on your walls or in your ventilation system.

If you love candles, then making soy or beeswax candles could be a fun way to earn some extra cash on the side. You can sell your candles online at Etsy or eBay, or at your local farmers market.

6. Start a Community Lending Library

Are you one of those people who have every tool ever invented? Or, do you have a movie collection to rival Netflix ?

If so, you could be earning money on the side by renting those items out. Small, community lending libraries are popping up all over the country. Some of them are free, but others are subscription services. Items are loaned out locally, usually within one neighborhood or a certain mile-radius.

Why is this a green business? Well, imagine you need a powerwasher for a day. Some people go out and buy one. But if you know you can rent your neighbor s powerwasher for cheap, then you ll do this instead of dropping $100 or more on your own. Lending libraries help reduce consumption, as well as helping your friends and neighbors save money.

7. Get into Green Crafting

One of my most treasured possessions is a fabulous, elfin-like coat I got on Etsy. The coat is 100% handmade entirely from recycled sweaters. It s incredible.

Green crafting has huge appeal for people, and you can make an incredible living selling upcycled art, clothing, and jewelry. For instance, the woman I bought my coat from sells each one for $250-$400. She s had over 3,300 sales, just on Etsy. And her coats sell out within seconds after she puts them up.

Another artist I know takes brightly colored vintage Tupperware containers and turns them into amazing lamps and light fixtures. Another artist takes sea glass she finds on the shore and turns it into beautiful, minimalist jewelry.

There are tons of creative and unique ways to upcycle something old into something new. If you re lacking ideas, then surf Etsy to look for ideas, or head over to sites like Instructables or ReadyMade. both of which are full of ideas.

8. Goat Rentals

Think I m kidding here? I m not. If you have enough land to support a small herd of goats, you could be making some easy side money. Why would someone want to rent a goat?

Here s a personal story. My family s farm in Louisiana sits right up against a bayou that s thick with poison ivy, snakes, and mosquitoes. The dense brush also attracts plenty of deer and other wildlife, which attracts the local black bears. Because of the denseness of the trees, it s really hard to get in there to clear the brush out with the tractor.

So what s my dad going to do? Hire out a herd of goats to clean it up, of course.

Goats eat anything: poison ivy, bushes, brambles you name it. And they re amazing for clearing out places like the bayou, or steep slopes you can t get a mower down. All you have to do it set up a portable fencing and let them eat their way through the brush over several days. The best part is that unlike a tractor or lawn mower, goats don t harm the environment.

Final Word

There s no doubt that the green economy is only going to grow, especially as energy and gas prices rise further. Having a green side business means you re likely to stand out, and even be more appealing to potential customers.

Do you have any green ideas for a small business?



Incorporation Services – Incorporate a Business Online: S Corp or C Corp

#incorporate a business

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What would you like to talk about?

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Over 1 million businesses have trusted us to get started

Over 1 million businesses

Over the past 12 years, we ve gotten pretty good at helping people launch their businesses. In fact, we ve helped over 1 million of them.

Lifetime customer support

Our customer care representatives in the United States will be there to support you throughout the lifetime of your business.

Crafted by top attorneys

Our attorneys continually maintain our documents to be up to date with the latest legal requirements in each state.

Step-by-step guide on starting your business

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What s the difference between a corporation and an LLC?

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Common questions

What s the difference between a C corporation and an S corporation?

The IRS allows corporations to choose to be taxed as either a C corporation or an S corporation. Income from C corporations are subject to double taxation; that is, the corporation pays taxes on its net income and then the shareholders also pay taxes on the income that they receive from the corporation.

S corporations have only one level of taxation. The shareholders still have to pay taxes on money that they receive from the corporation, but an S corporation does not pay taxes on its net income. While the S corporation is popular among small business owners, C corporations have greater tax planning flexibility.

How does a corporation protect my personal assets?

If a business operates as a corporation, the business owners, called shareholders, are not personally liable for debts or other claims against the corporation. That s because the corporation is a separate legal entity from its owners. If a corporation complies with the formalities required for it to be treated as a separate legal entity, then anyone seeking to collect a debt from, or enforce a claim against, a corporation, would not be able to collect from the shareholders themselves. They would only be able to pursue the assets held in the name of the corporation.

Why do many people choose to form their corporation in Delaware?

Delaware is a very popular place in which to form corporations. However, the primary benefits apply to larger public corporations or those planning to go public. Delaware s laws provide heightened protection for board members against lawsuits brought by shareholders, and Delaware has a court exclusively dedicated to resolving corporate disputes. These benefits don t mean much to smaller corporations. Keep in mind that if a corporation forms in Delaware and does business in another state, the corporation would be required to file additional paperwork, and pay any taxes and/or fees required to do business in that state. Given those factors, many smaller corporations keep it simple and form in the state in which they plan to do business.

An employer identification number (EIN), also known as a federal tax identification number, is used to identify a business entity for tax purposes. It s like a Social Security number, but for a business. In general, most businesses need an EIN. The only reason a business would not get an EIN is if it has only one owner, elects to be treated as a sole proprietor for tax purposes, and does not want to open a separate business bank account. In this case, the owner would use their Social Security number as the business identifier. However, there are disadvantages to this approach, namely the risk of liability.

How are LLCs taxed?

Unlike a corporation, LLCs have some flexibility in how they re taxed. Depending on how many members and the type of tax treatment the owner selects, the LLC can be taxed as either a corporation, partnership or as part of the owner s personal tax return (called a disregarded entity ). By default, an LLC with two or more members are taxed as a partnership, unless they file an IRS Form 8832 to elect to be treated as a corporation. If the LLC has only one owner, it will be taxed as a sole proprietor, unless the owner files Form 8832. It s not necessary to decide which tax treatment until after your business is formed. You have up to 12 months to decide and can speak to an accountant if you need help making this decision.

What is a registered agent?

A registered agent (sometimes called a resident agent or statutory agent) is a person or business authorized to accept important legal documents on behalf of a business. States require businesses to provide the name of their registered agent at the time they form their business entity. While you can be your own registered agent, there are disadvantages. You have to be available during regular business hours and your information goes on the public record. If you miss a filing deadline, you risk being fined or shut down. Our registered agent service can ensure you receive important business documents, sort through junk mail and keep your information private.

Is a corporation right for me?

It depends on many factors. Get help deciding by answering a few questions here .

Add the power of Inc. to your business

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Incorporate a Business with LegalZoom – Form a Corporation Online Easily and Affordably

Protect your personal assets by incorporating your business with LegalZoom. When you choose LegalZoom to form a corporation. we create and file your corporation documents with the state where you are forming your corporation which means fewer details to worry about when starting a business . To ensure your satisfaction with our business incorporation services, you receive lifetime customer support as part of our Satisfaction Guarantee . In addition, corporations formed through LegalZoom are backed by a $50,000 Peace of Mind Guarantee . When it comes to something as important as forming a corporation. trust LegalZoom to help you take care of the details. Get started incorporating your business online with LegalZoom.

*Available in most states. Telephone consultations with a participating firm, during normal business hours, of up to one half (1/2) hour each, limited to one consultation for each new legal matter. After the 30-day trial period, benefits to the Business Legal Plan (also Business Advantage Pro) continue automatically for $29.99 per month. For states where Business Advantage Pro is not available, benefits to Business Advantage Standard continue automatically for $7.99. You can cancel by calling (877) 818-8787. For full details, see the Legal Plan Contract and Advantage Terms of Service .

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Home – China Business SolutionsChina Business Solutions #business #cards #printing


#china business

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UK s leading independent advisory firm on the Chinese market .

We provide you with strategic tools to achieve your business goals .

We speak to UK businesses every day .

Helping you to understand the Chinese culture .

China Business Opportunities .

China has emerged as a genuine world player in global M A markets in the past five years. However, despite the general improvement in the economic and political environment, conducting M A deals with the Chinese still poses a number of challenges, even for those experienced executives in overseas acquisitions.

Chinese companies are looking to invest outside of China. This is as part of their internationalisation strategy. The opportunities to gain access to China through having a Chinese investor or partner is an ideal approach to get your innovative and quality products into Chinese market.

You often hear Western executives emphasising the importance of having a resourceful and cooperative Chinese partner. In order to avoid the pitfalls, you need to get best advice. Designed to help you find the most suitable partner in China, be it distributor, agent or supplier, our partner selection programme follows a systematic approach.

China Advisory & Support .

To succeed in entering China with your business will depend on how well prepared you are. Understanding the market landscape, the competition and the regulations is vital to achieving success. At China Business Solutions, with our proven record of excellence, we can provide you with the essential knowledge about all the key elements and more, supporting your market research and market entry strategy.

We have a client base of UK/international companies doing or seeking to do business with China, and Chinese companies engaged in opportunities in the UK. Both parties need people for a range of tasks who understand not only their technology and business, but also the Chinese and European markets, language and culture.

As China is well and truly open for business we are here to help you with your communication needs. Our Executive training and workshops are specifically designed to be help you engage quickly and efficiently with your Chinese partner and our Practical Support is designed to underpin your day-to-day operations in China and avoid pitfalls that can beset the unwary caused by cultural or language differences.

China Knowledge & Insight .

We provide regular important publication here to our clients to help them understand more of the business environment and markets. Each publication listed is relevant to an aspect of doing business in China.

China Business Solutions is UK s leading independent specialist advisory firm on the Chinese market. As a result we are regularly invited to speak, present and chair a variety of events, conferences and workshop relating to China. Click here to access and download any of our presentations.

We have a wide range of information to help you understand how to successfully work with Chinese businesses. The source of our information comes from our direct experience in helping companies and our wide knowledge of commerce and regulations in China.

China Business Solutions is the UK s leading independent specialist advisory firm on doing business in China.

With over a decade of successfully helping Western organisations achieve their goals for China to build a profitable relationship with Chinese businesses, we now also support Chinese business coming to the West. We offer a range of high value services reflecting the growing requirements of both Western companies engaging with China and for Chinese companies seeking entry and support into the West.

We provide our clients with the strategic tools that help them achieve their business goals in China. Our support to you echoes the growing demands in Business Opportunities with Investments from China, to our continued Advisory Support services. and the all important Knowledge Insight about China, where hands on practical support will help you succeed there.

Following the high level visit to China at the end of last year from the Prime Minister to the Chancellor of the Exchequer and the Mayor of London, Ting Zhang, founder of China Business Solutions, recently talked to BBC Global Business News on the changing landscape of Chinese outbound investment. Click here to explore the current China business opportunities.

News Archive



Formal Corporate Event Invitations – Plantable Gala Invitations on Seeded Paper from

#business invitations

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Unique Business Event Invitations & Seeded Paper Gala Invitations

Formal Gala Invitations | Unique Business Invitations

Planning formal events for your business or charity requires a lot of effort and hard work. If you put in the energy and make sure that the invitations you use are going to reflect the event that you’re hosting as well as the image you want for your company, it will surely pay off! Our huge selection of invitations have enough choices and variation that you will be able to express your creativity and the importance of your purpose. With everything from snowflakes to scroll work you will find an invitation that will be absolutely perfect for you and what you need.

Unique gala invitations from Green Business Print are elegant and sophisticated because that’s exactly what you need. There is a large array of options including different colors, styles and writing. You will be able to customize absolutely everything from the font to the colors so they match exactly what you’re looking for. You’ll also be able to ensure that the wording is perfect for your plans and for the guests that you are inviting. But these great exemplary matches between your event and your invitations are not the only benefits that you’ll receive from Green Business Print unique gala invitations.

Invitations from Green Business Print are 100% recycled and 100% recyclable as well. That means every invitation you purchase for your gala will be made of entirely recycled materials and will not cause any new trees to be cut down. You’ll also have the opportunity to recycle these invitations so they can be used in new products. Even better, you’ll also have the opportunity to plant these invitations so that they grow into beautiful flowers and plants. All of your guests who receive an invitation will have the chance to plant them so they grow into something beautiful that will last forever.

Green Business Print has plenty of unique gala invitations that will impress all of your guests and show them exactly what they can expect from your formal event. Whether you’re hosting a charity event or a social one for your business the invitations you choose will be superb and 100% unique. This means that no two invitations will be exactly alike because every single one is hand painted and made from recycled material. Each of your guests will have a unique piece of art that they will be able to turn into something beautiful that gives back to the environment. Perfect for your green initiative within your company, these invitations are a great way to start making a difference.

We were truly impressed by Green Business Print’s team. Our organization ordered a large quantity of invitations, insert and rsvp cards for our annual events and the company delivered within 2 weeks as promised. The invites are beautiful and have received quite a reply rate. Can’t recommend these invites enough.
-Cintia, Los Angeles, CA

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Drop Shipping – Small Business Encyclopedia #online #business #cards


#drop shipping business

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Drop Shipping

Definition:An arrangement between a business and the manufacturer or distributor of a product the business wishes to sell in which the manufacturer or distributor–and not the business–ships the product to the business s customers .

If you’ve been interested in starting your own internet business but you’ve been trying to avoid the hassles of things like developing and producing products, tracking your inventory, setting up warehouse space, and maintaining a confusing shipping/receiving infrastructure, then drop shipping may be your answer. It allows you to sell quality, brand-name products on your website for a hefty profit, while someone else looks after product development and order fulfillment.

Although the process can be a boon to internet entrepreneurs, you should know the advantages and disadvantages to this business model before getting started.

In addition to not having to worry about shipping products yourself, there are a few other advantages to this business model. First, it saves you the cost of building your own inventory. If you’re like most people starting a small business, you don’t have a ton of extra money lying around, so the last thing you want to do is tie up your cash in inventory that you may or may not be able to sell.

Second, no inventory also means no leftovers. If the product you sell suddenly becomes outdated, obsolete or just plain untrendy, you aren’t the one with a room or warehouse full of stock nobody will buy. Many online retailers find themselves having to offer deep discounts–and taking huge losses–on old products just to get them out of their homes or warehouses to make room for more inventory.

Third, you’ll be able to add new products to your site almost instantly. Since you don’t have to worry about stocking inventory, if you find your customers clamoring for a particular product, it’s not unrealistic to expect you could add the item to your site in just a few days.

Have you noticed there are literally hundreds, if not thousands, of sites selling huge mish-mash selections of inexpensive gift items. things like plastic gnomes and porcelain figurines? That’s because there are a few very large drop shipping companies that import these items and then recruit websites to sell them on their behalf. Unfortunately, this is not the way for you to go if you’re getting started with drop shipping. There are already a lot of giant gift sites out there–and way too much competition for you to reasonably expect to be successful at it.

Instead, spend some time researching different kinds of products that you might want to sell. The products you choose should be in demand but not widely available online. It’s most likely preferable to target a niche market rather than try to find a product that everyone wants to buy.

Whenever possible, you’ll want to set up drop shipping arrangements directly with the manufacturers of the products you want to sell. The fewer middlemen you have to go through, the bigger your profits will be.

If, after contacting the manufacturer, they agree to drop ship for you, great! You can be fairly confident they’ll offer you a competitive price. If they don’t agree to drop ship for you, you’ll have to look for another alternative. This usually means tracking down a distributor. A distributor is simply a company that maintains a large inventory of another company’s products and distributes those products to smaller companies. The best way to locate a distributor is to simply ask the manufacturer of the product to recommend one. Another great way to find a distributor for the type of product you wish to sell is by looking through related trade magazines. You’ll frequently find manufacturers and distributors advertised in the backs of these publications.

Most companies you contact will be more than happy to speak with you–after all, you’re going to be selling their products for them. When you call, simply ask to speak with someone about becoming a vendor for their products. Once the switchboard puts you through to the right person, they’ll be able to answer any questions you have, including:

1. What’s the wholesale price they can offer you on their products? You’ll need to make sure the wholesale price they offer is low enough that you’ll be able to generate a good profit based on what you’ll be able to sell their products for.

2. Do they charge a handling fee for drop shipping? If so, how much? Most companies that drop ship will simply add the cost of UPS or FedEx shipping onto your wholesale price, but some will also charge you a handling fee (generally between $1 and $5). This is to offset their cost of picking, packing, and processing the order for you.

3. How do they ship their products? Almost every company that drop ships products will use a major nationwide delivery service like UPS or FedEx. Ask them to include tracking numbers with the order confirmations they send. This will save you many potential problems when customers ask, “Where is my order?”

4. How do they bill you? Most drop shippers will bill your credit card the wholesale price of the product plus shipping and handling as soon as they receive an order from you. With others, you may be able to set up a monthly billing cycle where you submit payment for all orders at the end of each month.

5. How do they deal with product returns? Be sure to find out what their policy is regarding returns. Most reputable companies will offer some kind of guarantee or warranty on their products and will deal with returns for you. This way, if a customer contacts you with a return, you can simply tell them the manufacturer will be happy to speak with them directly. If your manufacturer doesn’t accept returns, look out! You’ll be the one stuck replacing defective merchandise for your customers.



Why The SBIC Doesn – t Work For Venture Capital Anymore –

#small business investment company

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Why The SBIC Doesn t Work For Venture Capital Anymore

There are so many things wrong in the article I felt compelled to write about it. This isn t a knock on the writer (Alicia Wallace) I like Alicia and think she does a good job. Rather, it s an example of the difference between signal and noise in any kind of reporting around the VC industry.

I’m an investor in over 40 VC funds around the world (mostly in the US) and three of them are SBIC funds. Each of the SBIC funds were raised in the 2000 2002 time period. On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. And, in the other two, I don’t expect to ever see any of my capital back because of the SBIC leverage. Furthermore, I don t believe any of the GPs in any SBIC-backed fund would ever take money from the SBIC again.

So I’m speaking from at least a little experience albeit indirectly with the SBIC, as I ve never been a GP in a fund that had SBIC leverage.

The article starts off saying that “Matthew Varilek has traveled across the state, proselytizing the potential benefits of the Small Business Investment Company Program.” As a partner in one of the most visible VC firms in Colorado and an LP in many of the Colorado VC firms, I’ve never heard from Matthew or anyone from the SBIC. Matthew, if you really want to have a deep discussion about why the SBIC program isn’t effective for VC funds anymore, feel free to give me a shout. I’d be happy to meet with you.

Next, there is the wonderful PR quote about the SBIC that says “Since the program s inception, SBIC success stories include the funding of companies such as Apple, Costco and FedEx when they were burgeoning small businesses.” The SBIC was instrumental in the creation of the venture capital business. The Small Business Investment Act of 1958 helped catalyze many of the VC firms created in the early 1960s. When I first heard about VC firms in the late 1980s, and my first company (Feld Technologies) started writing portfolio management software for some Boston-based VC firms, many of them had funds with SBIC leverage, although even by the late 1980s this was changing and many of them had shifted away from the SBIC. If you want to see a fun quote on it, read A History of Silicon Valley which quotes:

“ …many venture capital pioneers think the SBIC program did little to advance the art and practice of venture investing. The booming IPO market proved the model of investing in new companies, as some SBICs cash out at attractive levels. SBICs did give a boost to early venture firms, and some like Franklin “Pitch” Johnson, profiled below, thought the new law made the US “see that there was a problem and that [venture investing] was a way to do something… it formed the seed of the idea and a cadre of people like us.” Bill Draper, the first West Coast venture capitalist, has been more blunt: “[Without it] I never would have gotten into venture capital. it made the difference between not being able to do it, not having the money.” Many believe SBICs filled a void from 1958 to the early 1970s, by which point the partnership-based venture firms took off. The US government, however, lost most of the $2 billion it put into SBIC firms.

So, while Apple, Costco, and FedEx benefited, the PR would be more credible if the SBIC was trumpeting iconic companies created after 1990 or even 2000, especially where the lead investors (rather than follow on investors) had SBIC capital.

Peter Adams, head of Rockies Venture Club, is quoted a few times. I like and respect Peter, so this isn t aimed at him, but rather at the clear lack of understanding of the capital dynamics around VC funds.

It looks really great on the surface, said Peter Adams, executive director of the Rockies Venture Club, a nonprofit aimed at connecting investors and entrepreneurs. Then when you dig into it, there were some problems. Adams, who has been involved in many of the meetings with the SBA and members of the investment community, said the greatest concerns voiced by investors and venture capitalists involved management team qualifications, investment track records and the addition of debt to the equation. No. 1 for us is they want a management team with multiple people that have track records in venture capital and have worked together as a team before, he said. I can see where they re going with it, but the VC industry in Colorado has been fairly decimated through the economic downturn.

Peter is right about the context, but has two fundamental things wrong here. First, the VC industry in Colorado wasn t decimated through the economic downtown. It was decimated because of lack of performance between 2001 and 2009, just like much of the rest of the VC industry around the US. There s nothing special about Colorado in this mix, and it has nothing to do with the economic downtown. This dynamic has been reported thousands of times so I don t need to go through it again, but we don t have to look back very far to hear the drum beat from the media, LPs, and everyone else about how VC is dead. And if you re curious, it wasn t too long ago that Silicon Valley was also dying .

The other problem here is the need of the SBIC to invest in a management team with multiple people that have track records in venture capital and have worked together as a team before. Any VC firm that fits this qualification is unlikely to have difficulty raising money in today s environment, and subsequently has no need for the SBIC leverage. And, more importantly, the only firms that will look for SBIC leverage are one s that don t have this, which is a classic adverse selection problem.

Then there s this:

The recession also then plays into requirements that the management team members have been involved in a meaningful number of successful exits during a four- to six-year period. From 2008 to 2013, that was not a good time for exits, Adams said.

Huh, what? At Foundry Group, our significant exits (at least 10x capital returned) since we raised our first fund in 2007 include AdMeld, Zynga, MakerBot, and Gnip. We ve had plenty of other exits, but these are the big ones. One of those companies, Gnip, is Boulder-based and another from our older funds (Rally Software) also generated a greater than 10x return for us. Techstars (which we helped start) have also had a steady stream of significant exits, including local Boulder companies like Filtrbox, GoodApril, and SocialThing. And then you ve got plenty of Boulder / Denver monsters on paper some in our portfolio (like SendGrid and Sympoz) and others like Zayo, Ping, Logrhythm, and Datalogix. Finally, if you look across the country, the exits have been awesome the past three years.

It keeps going. There s talk about the angel cliff (e.g. we need funds to invest between angels and VCs nope, been there remember gap capital not so effective) and the SBA rules and regulations (which I believe are toxic and inhibiting to a successful VC fund.)

One of the other problem is SBA and SBIC s behavior in governance of the fund. The paperwork is silly and the overhead is non-trivial. The control over distributions and negative incentives to hold or distribute capital often generates bad decisions when companies go public. And at least one close friend who is a partner in an SBIC fund has now found a new LP to buy out the SBIC so they could actually invest capital in their winners, rather than be limited by the SBIC s constraints on the amount of capital you can invest in any particular company.

The SBIC could be a powerful force for good in the venture capital industry. But it has to approach things very different and based on my experience with the SBA over the past decade, I don t see it happening unless there is real leadership somewhere in coordination with leaders in the VC industry. I m certainly willing to help, if only someone bothered to reach out to me.

UPDATE: It turns out my partner Seth Levine had met with Matthew a while ago. Seth said Your blog was right on and much of the type of thing I related to Matt and some senior guys he brought in. The gist of my conversation with them was pushing them to consider a different model that the current one basically led to lowest common denominator GPs and sub-optimal returns. Plus the SBIC leverage could be crushing. I don t think they have a ton of flexibility around this but they at least listened to the feedback. I m going to see a bunch of them in a few weeks I agreed to help judge a business plan competition they were hosting. Like you I m not a huge fan of the program as it has existed but I give the new guys some credit for both reaching out and trying to be proactive about thinking through this.

UPDATE 2: Matthew Varilek reached out to me and we are setting up a time to talk.



Harvard Business Law Review (HBLR) – The Harvard Business Law Review (HBLR)

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This Article addresses mutual fund governance, explaining how it has recently become entangled with the norms and rules of corporate governance. At one level, it is understandable that the Securities and Exchange Commission (SEC) and courts have viewed mutual funds as a type of ordinary corporation. Both mutual funds and corporations are separate legal entities, having directors and shareholders. Directors of each are held to fiduciary duties, charged with serving shareholders’ interests, and expected to aspire to best practices. However, there are fundamental differences between mutual funds and ordinary corporations. This Article contends that these differences have important implications for governance, differences that should lead to the disentanglement of mutual fund governance from corporate governance.

We examine firm lifecycles of 3,081 IPOs from 1996–2012. We find that small IPOs have a different lifecycle than other, larger companies. Within five years of an IPO, only 55% of small capitalization companies remain listed on a public exchange, compared to 61% and 67% for middle and large capitalization companies, respectively. We examine various theories explaining the decline of the small IPO. We find only minor evidence that regulatory changes caused the decline of the small IPO. The decline appears instead to be more attributable to the historical unsuitability of small firms for the public market. Absent economic or market reforms that change small firm quality, further regulatory reforms to enhance the small IPO market are thus unlikely to be effective or bring firms into the public market that have the horsepower to remain publicly listed.

In Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congress instructed the Securities and Exchange Commission (SEC) to draft rules that would require public companies to report annually on whether their products contain certain Congolese minerals. This unprecedented legislation and the SEC rulemaking that followed have inspired an impassioned and ongoing debate between those who view these efforts as a costly misstep and those who view them as a measured response to human rights abuses committed by the armed groups that control many mines in the Democratic Republic of the Congo. This Article for the first time brings empirical evidence to bear on this controversy.

In 2008, the Securities and Exchange Commission made waves by deciding to regulate the nascent peer-to-peer lending industry. Only two lending platforms survived the SEC’s entry into a previously lightly-regulated market. Under this regulatory setup, the SEC would regulate the lending-investing process, while other agencies like the Consumer Financial Protection Bureau and Federal Trade Commission would regulate the borrower side of the business. This Article argues that the existing bifurcated system works and is continually getting better as the SEC amends existing exemptions and introduces new regulations to smooth the path for financial innovation.

Since 1977, with the enactment of the Foreign Corrupt Practices Act, the United States Department of Justice has played a leading role in applying the Act’s anti-bribery, books and records, and internal controls provisions in enforcement proceedings against numerous companies and individuals worldwide. In November 2015, the Department of Justice took the unprecedented step of hiring a Compliance Counsel to guide its prosecutors in decision-making in corporate prosecutions and in benchmarking corporate compliance. This Memorandum is composed as an open letter to the Compliance Counsel, focusing on how she and the Department of Justice should go about that critical benchmarking function.

Eric J. Chang’s provocative article, www.PayDayLoans.gov: A Solution for Restoring Price-Competition to Short-Term Credit Loans—which, as its title suggests, proposes to facilitate price competition in the payday lending market by creating a federal online exchange for payday lenders to post lending rates—has sparked thoughtful reactions among consumer borrowing experts. This Response provides constructive criticism to Chang’s proposal, arguing that such an exchange is unlikely to meet its goal of restoring price competition and offering tweaks that would raise the likelihood of doing so.



What is Business Report? Characteristics of Business Report – Business Communication #at

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What is Business Report? Characteristics of Business Report

What is Business Report or, Definition of Business Report, Meaning of Business Report-When a report is written for business purpose, it is called business report. It is a little bit different from other reports. It deals with business related information. A business report is prepared containing business related information that assists the management to take better decisions. Some definitions on business report are given below-

What is Business Report

  • According to Lesikar and Petit. “A business report is an orderly, objective communication of factual information that serves some business purpose.”
  • Boone and Other said, “A business report is a document that organizes information and a specific topic for a specific business purpose.”
  • According to Murphy and Hildebrandt. “A business report is an impartial, objective, planned presentation of a fact to one or more persons for a specific, significant business purpose.”

So, a business report can be defined as an organized, written statement of facts related to specific business matter. It helps the interested persons to get insight into the problem and to overcome the problem. Business Communication

Characteristics of Business Report

Business reports carry information on facts related to business activities. The very nature of business report differentiates it from other reports. The unique characteristics of business report are discussed below-

  • Specific Issue. Every report, including business one, is written on specific subject. It is written to fulfill certain need.
  • Pre-Specified Audience. An important characteristic of report is that it has a pre-specified audience. Usually a report is written for a limited number of audiences and the need of the audience is always kept in mind.
  • Specific Structure or Layout. In preparing report, certain structure or layout or format is followed. The layout or structure of report is almost same in every case.
  • Written on Past Events. In most of the cases, the reports are written on past events. Most of the business reports carry the reasons of happing the incident, the ways of recovery etc. Reports are also written in past forms.
  • Neutral in Nature. In drafting reports, impartiality it strictly maintained. No biased or non-objective material is included in it. Biased report may lead to disastrous decisions.
  • Factual Information. Business report is always written based on factual information. The data collected on specific events is factual, not factious.
  • Joint Effort. A report is an outcome of joint efforts of a group of people. No one can personally or solely prepare a report. Now-a-days, in most of the cases, committee is formed containing three to seven people for furnishing a report on certain incident.
  • Orderly Presentation. The information of a report is presented orderly so that the audience can get his needed information from where it is located.
  • Upward Flow. The direction of a report is always upward in the organizational structure. The higher authority normally assigns the duty of preparing reports to their immediate lower authority and after preparing the report, they submit it to their boss or higher authority.
  • Some Additional Aids in Presentation. A report is always presented in an attractive way. In addition, analytical reports contain executive summary, contents and index, necessary charts, graphs and design and conclusion and recommendation etc.
  • Signature and Date. It is customary to put the signature of the reporter with date at the end of the report. If it is prepared by a committee, signature must be given by each member of the committee.

From the above discussion it is found that business report has some unique characteristics. Its helps the respective business people to take pragmatic decisions in specific business areas. There is more information about How to Overcome Communication Barriers in Business .

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All-In-One Printers – PC World Business #business #environment


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All-In-One Printers

Quick view

  • Product Data Sheet
  • Device Type – Fax / copier / printer / scanner
  • Max Printing Resolution – Up to 6000 x 1200 dpi (mono) / up to 6000 x 1200 dpi (colour)
  • Max Printing Speed – Up to 35 ppm (mono) / up to 27 ppm (colour)
  • Media Type – Transparencies, plain paper, photo paper, glossy paper
  • Dimensions (WxDxH) – 55.3 cm x 43.3 cm x 31 cm

Quick view

  • Device Type – Fax / copier / printer / scanner
  • Max Printing Resolution – Up to 600 x 600 dpi
  • Max Printing Speed – Up to 20 ppm
  • Media Type – Transparencies, envelopes, plain paper, cards, labels
  • Dimensions (WxDxH) – 42 cm x 36.5 cm x 30.9 cm

When space is at a premium in your office, a great solution to your printing and scanning needs is a business All-In-One printer from PC World Business. All-in-ones boast a scanner, copier and printer and provide you with everything you need for comprehensive printing in the office. Some models have a built-in fax machine making them ideal for use in offices. Our range of printers offer several ways to connect and print, scan or copy. PC World Business also have printers which let you print wirelessly from your tablet or smartphone.

Some of our all-in-one printers also let you insert a memory card and print your documents straight from the card. We can supply Business All-In-One printers from the top manufacturers including Lexmark. Brother. HP. Canon and more.