Starting a business can be a difficult venture for many people. There are financial challenges, emotional and mental obstacles and it can be crucial that certain objectives are met. But if a potential business owner has the right attitude, resources and product, he or she can be the owner of a successful and fulfilling business.
One of the most important steps in starting and growing a business is securing enough seed capital to support the birth or growth of a company. Business owners in Colorado often need financial support for a business idea, and they may also benefit from securing legal resources that can locate and capitalize on potential funding prospects in order to complete these business transactions.
Starting a new business can be an exciting venture for a business owner. There are all sorts of possibilities and hopefully, a business will grow and thrive into a successful and beneficial entity. Depending on many factors, however, business owners will want to be very deliberate in a number of their decisions when it comes to business formation.
One of the most difficult challenges that people face when starting a business is securing the funds necessary to get it up and moving. Some people can rely on personal savings or a network of friends and family to invest in a startup company, but often times, this is insufficient. In general, it can be necessary for a company to get the funds from an investor who is willing to provide venture capital.
High-tech startup Prosperent is getting a lot of attention after a report earlier this month in the Colorado Springs Business Journal. The article stated the company was looking to move outside the Colorado Springs area in hopes of finding more programming talent that it needs to expand and grow the company. The article resulted in their phones ringing with a variety of inquiries, but it was two calls in particular that got the attention of the co-founders of the company. The first was a call from Colorado-based Access Venture Partners and the other was from the founder of Startup Colorado Springs, a member of the Peak Venture Group.
If economic indicator reports and talk of recessions is raining on your business's hopes for the future, perhaps getting together with a group of entrepreneurs and business startup executives can help turn that tide around for you. One recent business reporter did just that and came away with a lot more confidence in the future of our economy and about the state of the local Denver business climate. A reporter from the Denver Business Journal had the opportunity to emcee the competition for the best business plan at the JumpStart Biz Plan Awards.
Apparently the White House thinks enough of our Denver area technical talent to tap into them in an effort to get their thoughts on the development of new government backed programs that are aimed at helping new startups, small businesses and entrepreneurs have a shot at government contracts. Anyone who has ever started a business knows how difficult it can be to not only get your business off the ground but break the barrier to winning large government IT contracts that can make or break a business.
A University of Colorado at Boulder graduate is set to speak to local entrepreneurs about her experiences starting her Denver-based mobile marketing company called SpyderLynk. The young woman gave up a good job in order to launch her idea. Six years later she employs 14 people that work to develop and sell "SnapTags." SnapTags are customized codes that consumers with a camera in their smartphone can use to go to anywhere on the Internet. The idea came to the young entrepreneur when she was traveling. After seeing an advertisement in a magazine for something she wanted to purchase on the internet she did what she always did and folded the corner of the page back for later reference. That resulted in a pile of magazines and no way of conveniently storing the data for retrieval later. She would later look at this as a lost opportunity for the company and that's when she came up with the idea to start her own company. She did not think a company would want to put a bar code on an advertisement, but they would put their logo there. She came up with the idea of a circle around a logo that would have breaks in it that could create an optical link from print to online. Consumers could then capture that logo with the circle in their cellphone for later reference.
After receiving a $10 million investment, EverFi, a district based education startup company is planning on hiring up to a 100 employees around the country, and hopefully in the Denver area as well within the next 18 months. The $10 million investment was from a group of financiers with some of the biggest names in consumer technology, including Amazon's chief executive Jeff Bezos, Twitter co-founder Evan Williams and Google's Chairman Eric Schmidt.
Think you have a great idea for a small business? Well the City of Denver is looking for applicants for its first ever JumpStart Biz Plan Awards coming this fall. The Denver Office of Economic Development announced the competition last week. It is designed to honor the best and brightest in small businesses by recognizing the top ten startups as well as business concepts in their early stages of business planning and development. The top prize is $50,000 in cash and business support services to help the lucky entrepreneur launch his or her brilliant idea.