Learning Portfolio

Learning Portfolio - Running Head: LEARNING PORTFOLIO 1...

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Running Head: LEARNING PORTFOLIO 1 Learning Portfolio Taryn Lopez Columbia College
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LEARNING PORTFOLIO 2 Topic: Finance 1 Name of Article: “Think Hard before Using People’s Money, Entrepreneurs” by Rhonda Abrams This importance of this article is to make small business owners aware of the risks of using investors. Many business owners will look for investors when they are trying to finance a new business or to expand their current business. However, there are many things business owners should know before they use an investor. Using an investor to finance a business creates a relationship that is similar to a marriage. An investor can have a great influence because they become an actual owner to the business. An investor is not the same as getting a loan from a bank. Investors can make many demands before financing a business. The demands include various ways for the investor to obtain rights to the company. Some of the ways an investor may seek to obtain rights to a business are through a percentage of profits or a position on the board of directors. They can even make demands for profits at the time the business is sold. However, there are also many good investors. Oftentimes, investors can bring valuable knowledge to the company through experience, contacts, guidance, and support. There are three major types of investors for companies. The first type is friends and family. Friends and family are usually the easiest investors to get money from. However, they need to make sure they understand the risks that are involved. It is important to put the investment information in writing even with friends and family. The next type of investor is the “Angel” investor. Angels invest their own money into companies. They are usually willing to wait longer for a financial reward from their investment. The final type of investor is the venture capitalists. Venture capitalists are more like to invest in large companies, or companies that are expected to grow very large very quick.
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LEARNING PORTFOLIO 3 Source: http://www.usatoday.com/money/smallbusiness/columnist/abrams/2010-08-05- entrepreneurs-other-peoples-money_N.htm Topic: Finance 2 Topic: Finance 2 Name of Article: “It Makes Small Business Sense to Improve Your Credit” by Rhonda Abrams It is important for business owners to have good credit if they are going to have to borrow money. Part of being a small business owner, is that your business and personal credit are interlinked with each other. There are many things that can be done to improve your credit rating. First of all, if taking care of bills and other finances is not a strong point for you, it may be smart to hire an outside accountant to manage taxes, bills, and invoicing. Another suggestion to keep your credit score up is to make sure you check your credit score periodically. It is available once a year by law for free to individuals. Check over the credit report and make sure everything on the report is accurate. A final suggestion to small business owners would be to use many
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This note was uploaded on 11/22/2010 for the course BUSI 522 taught by Professor Marshall during the Fall '10 term at Columbia College.

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Learning Portfolio - Running Head: LEARNING PORTFOLIO 1...

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