May 2013 SMB News Recap

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May headlines from around the web, brought to you by the Wasp Buzz. Social media: Oklahoma’s virtual lost and found USA Today Social media is transforming how we engage after a disaster. After the twister tragedy in Oklahoma, residents used social media platforms to share lost and found … [Read more...]

Cautions for fast-growing startups

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There are three concepts entrepreneurs must understand when securing funding for a fast-growing startup - burn rate, time to out of cash, and time to close. 1.     Burn rate (BR) refers to the amount of money a company spends in a given time, usually a month. If the company has income, the burn … [Read more...]

Small Business Survival Part 2

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We've discussed the importance of planning. Your business plan is the documentation of that planning - one of the most important documents you will create as a business owner. It can get you started on the right foot or doom you to disaster. Your plan should include projections for your business … [Read more...]