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5 Lessons for Angel Investors and Entrepreneurs

Written By: Dan Steininger, President and Co-Founder of BizStarts As seen on the November 3, 2014 post in Milwaukee Business Journal OnRamp Blog. The whole process of Angel investing tends to be a mystery to most entrepreneurs. And most angel investors learn the process themselves from actual investing so they learn from their mistakes. And … Continued

BizStarts to Open BizForge in Schlitz Park

BizStarts to Open BizForge in Schlitz Park Dan Steininger, President of BizStarts Milwaukee, announced today that BizStarts will celebrate its Grand Opening in Schlitz Park with a private reception April 2. A public open house will follow on April 10 from 3:30 to 6:30 p.m.  The April 2 event signifies the launch of BizStarts’ long-awaited … Continued

Pricing Products & Services

Pricing Products When pricing products, you must set the price at a point that will both contribute to profits and compel customers to purchase. You also need to cover the direct costs of the product and your operating costs. The price a business establishes for its products is affected by several factors: Amount customers will … Continued

Minority Entrepreneur

Minority and Woman Owned Business Resources If you are a minority or woman-owned business, you may qualify for certifications that can increase marketing opportunities for developing supplier relationships with larger companies and the public sector. Business Certifications Many governments have programs for certifying minority and emerging businesses as qualified to participate in disadvantaged business enterprise … Continued

Incubators

Incubator Options for Entrepreneurs Business incubators are facilities designed to accommodate small and startup businesses that usually provide a range of business support services and resources that accelerate the success of the business. Types of Incubators Incubators may have targeted goals and objectives that will direct the services, organizational structure, and types of clients served. … Continued

Financing – Debt

Financing – Bank Loans A loan from a private lender is one option for financing a business. A bank will assess the business proposal and use established underwriting guidelines to determine eligibility for a loan, necessary collateral requirements and will usually require a personal guarantee. Business Plan To apply for a bank loan, take some … Continued

Financial Resources

There are a wide range of resources available to businesses in Wisconsin, whether initiating a new idea or expanding a business. The following links will guide you to all the important resources to help start and grow your business. The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the … Continued

Human Resources

Whether you are starting a company or taking it to the next level, managing the human resource aspects of your business is a critical component of running a business. Knowing what to do with regards to hiring, motivating, directing, reprimanding, and even firing an employee is information a business owner should know. Critical to any … Continued

Economic Development Organizations

All seven counties in Southeast Wisconsin have a county-wide economic development organization dedicated to the economic viability of their county and the Milwaukee 7 region. Additionally, the City of Milwaukee has professional staff dedicated to community and economic development. All of these organizations are members of the Milwaukee 7 Regional Economic Partnership, a Founding Sponsor … Continued

Networking Organizations

Networking Resources for Entrepreneurs BizStarts is dedicated to facilitating networking opportunities for entrepreneurs, inventors and service providers. CEO’s of Growing Businesses The CEOs of Growing Businesses (CGB) is a member service of the Metropolitan Milwaukee Association of Commerce (MMAC). CGB brings together individuals who share a passion for building their businesses. Monthly Roundtables act like a … Continued

University Partnerships

If a business/entrepreneur has developed a product or service that needs to be further researched, they will often engage a university to perform the additional research through a sponsored research agreement. The university may require certain types of agreements in addition to the Sponsored Research Agreements (such as Material Transfer Agreements, Confidentiality Agreements or Option … Continued

Inventors and Entrepreneurs Clubs

Inventors & Entrepreneurs Clubs in SE WI I & E Clubs are forums where inventors and entrepreneurs get together to learn, network and share ideas. The club meetings and membership are free and open to the public. Clubs have attracted speakers on a range of topics including sources of funds, patents, marketing, preparing a winning … Continued

Libraries & Information Resources

Public Libraries Public libraries are often a great source of information for entrepreneurs. Southeastern Wisconsin offers municipal libraries and county-based library systems with resources for entrepreneurs. Typically, any public library in your county or public library system will honor the library cards from any other public library in the county or library system. To take … Continued

Product Development

Product development is the process of developing an entirely new product or the modification of an existing product. New products are critical to the success and survival of most businesses. For a new product to succeed, a business owner needs to take a number of calculated steps. They include developing a strategic plan to decide … Continued

Buy or Sell a Business

Buying or Selling a Business Buying or selling a business is not something to be taken lightly. Buying an existing business is often a simpler and safer alternative than the work it takes to start a business and do the business plan, market research and financial analysis required. However, when buying a business similar due … Continued

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