New Book Helps Small Businesses Expand Their Financial Horizons
Atlanta, GA (PRWEB) July 23, 2007 --The newly published book, Solving the Capital Equation: Financing Solutions for Small Businesses, has over 25 in-depth yet succinct case study examples of what other business owners have done to creatively access expansion capital to grow their businesses. The material covers everything from what is available (and how to access it) to what works best for your business type - from pursuing business-friendly community banks to forming strategic alliances to tapping supplier financing. This book shows business owners how to obtain the capital they need to not just survive, but grow. To help create viable, sustainable businesses to sell or pass on to the next generation.
Depending on the statistical source, quotes for failure rates for businesses can often top 80% over a 5-year period. The Bureau of Labor Statistics states that 34% of businesses were no longer in existence two years after their birth and 56% were no longer in existence four years later. What do most business owners attribute their "failure" to: Lack of capital.
"Lack of capital is not the real issue. Capital in 2007 is plentiful. The primary issue is lack of access to capital. The younger the entity, the fewer the sources," says Tiffany Wright, author of the new book Solving the Capital Equation. "Most small and medium companies either just have no idea of the variety of financing sources that exist for their business type or they are highly unprepared to meet the requirements from a packaging perspective."
Wright contends that there are at least several financing alternatives available for any small business. To access these they must educate themselves and think creatively. "Most business owners think of bank financing when you say debt and venture capital when you say equity. There is a vast pool of financing available from other entities for debt and equity. There are also providers of financing that looks a little like debt and a little like equity."
According to the U.S. Census Bureau, as of 2004, there were nearly 5.9 Million firms with employees in the US and 19.5 Million firms with no employees. 2.8 Million firms had 1-4 employees and another 1.0 Million firms had 5-9 employees. Only 86, 538 companies had 100 or more employees and only 17,047 of those had 500 or more employees. Thus the impact of small businesses on the economy is huge. Wright says, "We must help more small businesses grow into larger and larger firms. This way we ensure the continued health of the American economy."
Solving the Capital Equation can be ordered from Toca Family Publishing, 245 N. Highland Ave., NE, Suite 230-230, Atlanta, GA 30307; fax credit orders to 404-348-4469; or order online at www.TocaFamilyPublishing.com. The price is $24.95 plus $5.50 shipping/handling. For more details visit http://www.TocaFamilyPublishing.com .
About the Author: Tiffany Wright is the president of interim management consulting firm and Equal Construction Record, a commercial construction newspaper, located in Atlanta, Georgia. In addition to extensive corporate business development and finance deal participation, she is a former financial and business advisor to numerous small businesses in industries ranging from manufacturing to transportation to business services. She has an MBA from the Wharton School at the University of Pennsylvania in Finance and Entrepreneurial Management and a BS in Industrial Engineering from The Ohio State University.
###
Related Articles:
Old Comic Books - Discover The Basics Of Comic Book Collecting
Nowadays, it's seems like everyone has started a collection of some sort or another. However, it can be a challenge to know which collectibles are going to be good investments, so it's better to choose a genre of collectibles that you're interested and would like to have around. That way, even if your collectibles never have much resale value, they still bring you happiness, which is value in and of itself.
Bauman Rare Books Opens The First Rare Book Gallery Of Its Kind In Las Vegas
Bauman Rare Books, of New York and Philadelphia, has just opened a new gallery in the Shoppes at the Palazzo in Las Vegas. Offering an extraordinary selection of rare books and autographs from the 15th through the 20th centuries, the gallery is open daily, from 10 a.m. to 11 p.m.
Website Content Positioning Book is Finalist in USA Book News' National Best Books 2007 Awards
"Turn Browsers into Buyers: Secrets for Turning an Internet Profit," a new book about website content positioning, was named one of three finalists in the Business: Marketing & Advertising category for this year's USA Book News' National "Best Books 2007" Awards.
Book Publishing - How I Got Into Book Publishing
As a published author and creative writing teacher I often get asked how writers can get published. One of the simplest ways to answer that question is tell the story of my publishing contracts with two different publishers.
Audiolibra.com is a New World Wide Audio Book Store Presenting Time-Saving Literature
December 14, 2006 is the official grand opening day for the new audio book store.
Author Mary R. Butler Announces 'Free Books for Your Book Club' Giveaway
Author Mary R. Butler is offering her free copies of her new crime fiction novel, "A Kiss in the Dark," to book clubs.
The Rise Of The Audio Book Store
Audio books have long been a popular source of entertainment for people with vision problems and young children. The rise of in car tape players,cds, mp3s and ipods has meant an increase in the popularity and use of audio books. While most people will listen to music in their cars and on the move an increasing number are using ipods, mp3s and cd players to listen to audio books and consequently the number of audio book stores is beginning to increase.
Two Books from Oceanview Publishing Among Winners of ForeWord Book of the Year Awards
Stuff to Die For by Don Bruns Wins Gold Medal (Mystery Category) and The Castro Gene by Todd Buchholz Wins Silver Medal (Mystery Category)
Increase Book Sales: When a Book is No Longer Just a Book for Sale
Do you have books sitting in your garage that you haven't sold yet and looking for ways to move them? Then you will want to know about these five outrageous ideas that aren't difficult and can be just plain out fun.
Dede Hall, author of The Starving Student's Cookbook had very poor sales for her books.
Your Comics Online Launches Comic Book Web Site
Your Comics Online announces the launch of a brand new Web site designed for comic book collectors by comic book collectors: YourComicsOnline.com. The site provides information, auctions, news and links of interest to collectors of comic books and comic-related merchandise.