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StreetShares Blog - The Resource Center for Veteran Small Businesses

StreetShares Blog

The Resource Center for Veteran Small Businesses

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Traditional Banking vs. Online Lenders, A Business Owner's Story
| StreetShares Blog

Entrepreneurship. It’s the new American dream. It’s the alternative to climbing the “corporate ladder.” It’s about creating your own “corporate ladder” and helping others along the way.

You’re now in the thick of this new venture. Your idea is working and your audience has taken hold of your product or service. You’ve been in business for a year and have made some revenue. But you’re ready to take it to the next level.

Take Your Business to the Next Level

How, you ask? Financing your business can help do just that. But how does a business owner go about choosing the right option? There are a wealth of options out there for newer businesses. Some may ask wealthy family members and friends and others may go the more traditional route by talking to a bank.  

Ruben Creus, Managing Partner of Binnacle Consulting Group, tells us how he approached a traditional bank and the outcome. As a young management-consulting firm that has seen success and has had contracts in the pipeline, he explains that it was very difficult dealing with a large financial institution. They wanted to see an older business that has made large amounts of money already. “Traditional banks want to see traditional brick-and-mortar businesses,” Creus said.

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Combat Flip Flops – Creating Peace through Trade [VETREPRENEUR]
| StreetShares Blog

By StreetShares on September 23, 2016

Veteran small businesses make up approximately 2.4 million U.S. businesses or 9 percent of all American firms, according to creditdonkey.com, a credit card comparison and financial education website. Veterans have built a set of specialized leadership skills and work ethic that makes them successful business owners. Indeed, it’s not only about what veterans did while on duty, but also what they do when they come back home. And transitioning back to civilian life can be one of the hardest times. This is why entrepreneurship is usually a great fit for many.

Today, we would like to tell you the story of a Veteran entrepreneur and his ecommerce company, Combat Flip Flops. Meet Matthew “Griff” Griffin, former Army Ranger of the 75th Ranger Regiment. His experiences in Afghanistan, both from his time in the U.S. Army and his later return with a medical service and rescue company, led him to create his own business. Combat Flip Flops creates products that empower consumers to promote peace through trade by manufacturing footwear, apparel and accessories from war-torn countries.

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5 Lessons from Investment Crowdfunding’s Cousin – Peer-to-Peer Lending
| StreetShares Blog

By Mark L. Rockefeller, Co-Founder & CEO on September 22, 2016

When I was a kid, I had an older cousin. I looked up to her. She was cool, and she could do things I couldn’t do. I learned by watching her.

Investment crowdfunding has an older cousin, too. Her name is peer-to-peer lending. And she has a few lessons for the emerging investment crowdfunding industry.  

Lesson 1: If You’re Solving a Market Need, Everything Else Will Work Out

JOBS Act Title III investment crowdfunding went live just a few months ago. Already some are trumpeting its death. One example is a TechCrunch article "Equity Crowdfunding is Dead” by contributor Ryan Caldbeck.

To channel Mark Twain: reports of crowdfunding’s death are greatly exaggerated.

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Trading Futures: Why I Left Wall Street for StreetShares
| StreetShares Blog

Floor twenty; floor ten; ground level; air; sunlight.  My friend, Will, was waiting for me in a nearby park.

“Did you do it?” he asked.

“Yeah, I really did.”

“Well, what are you going to do now?”

“I don’t know—lunch maybe? Want to go to Ippudo?”

It was strange to walk out of that building for the last time. Don’t misunderstand me.  I liked the traders I worked with. They were good people. My managing director was thoughtful. During our final conversation, he gave me sincere advice, the same that Stanford gives to students at every speech from convocation to graduation:

“Do what you love.”

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32 iPhone Apps to Run Your Small Business
| StreetShares Blog

The pace of small business has never been more relentless. The good news is that you have a whole toolbox in your pocket: your iPhone. Here are 32 apps I use every week in my work at StreetShares.

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“Think Before you Ink” Your Loan  
| StreetShares Blog

 

As a small business owner, working capital is your lifeblood. Cash-flow management is crucial to your success, which sometimes means you need to take out a small business loan to keep the gears of your business moving. Equipment replacement, new hires, scaling your business or getting ready for a big contract are all good reasons to start looking for a loan. There are lots of funding options out there—which is both a good and a bad thing for you. It’s easy to be overwhelmed by the emails, phone calls, letters and ads from lenders. Each lender promises you the best rate, best amount, best approval rate, and awesome customer reviews!

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Earn 5% Interest While Helping Veteran Small Business
| StreetShares Blog

By StreetShares on June 1, 2016

Did you know that you can invest in small business loans even if you’re a ‘little guy’ retail investor? It’s true, you can.

Individual retail investors can back the small business loans we fund at Streetshares. Our investment product, called Veteran Business Bonds1, is open to retail investors thanks to our Regulation A+ offering, which is approved by the SEC.

StreetShares is the only company that allows unaccredited investors to invest in loans that help small businesses. You don’t have to be a veteran either. Any individual investor in the United States can participate.

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3 Simple Ways Business Owners Can Honor Memorial Day
| StreetShares Blog

By Mark L. Rockefeller, CEO, StreetShares

How do you observe a holiday that is both solemn and celebratory?

Most of us know Memorial Day is more than a day off to barbecue.

Many of us know the difference between Memorial Day and Veterans Day (hint: Memorial Day is next Monday and remembers those who have died in military service; Veterans’ Day is in November and celebrates all veterans).

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What Is Your Marketing Equation?
| StreetShares Blog

Is your marketing focused on branding or lead generation?

- Ganesh Tayi, President of BizBeacon

The objective of your marketing is to organize the buying and selling processes to present compelling information that persuades your prospects to take a specific action. Your marketing should inform and persuade your prospects, address the wants and needs of prospects so that they continue to move through their various decision-making stages. Your marketing message must do 3 things:

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StreetShares gives military spouses free investment bonds to celebrate Military Spouse Appreciation Day
| StreetShares Blog

What: StreetShares is America's small business funding community with a particular focus on funding Veteran owned small businesses. To honor Military Spouse Appreciation Day, StreetShares is offering a special opportunity for military spouses to invest in Veteran owned small business for free. For the first 200 military spouses who sign up to become a member, StreetShares will issue a  $25 Veteran Business Bond that will immediately go to work, earning a fixed 5% return while funding Veteran entrepreneurship. In addition, military spouses and all StreetShares members receive a $250 account bonus for each and every small business borrower they refer who accepts a StreetShares loan.

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