article thumbnail

How to Raise Money as a Business

Strategy Driven

According to a report by the National Small Business Association, 73% of small businesses that applied for funding in 2020 experienced financial challenges due to the COVID-19 pandemic. This plan needs to clearly outline your company’s goals, operations, and financial projections. What are some tips for preparing to raise money?

article thumbnail

Microfinance Is Good for Women, but It's Only Part of the Solution

Harvard Business Review

Career paths are not one-size-fits-all, yet in emerging markets, it's often assumed that microfinance — the use of small loans to foster self-reliant small businesses in a community setting — is the only path for women seeking economic opportunity. Microfinance was one issue that we considered.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

It Takes a Village to Raise an Entrepreneur

Harvard Business Review

These hybrids pursue a social mission while engaging in commercial activities that generate revenues that help them sustain their operations. Frogtek and many other hybrids sell goods and services, and rely on revenues to sustain and scale their operations. Take, for example, the issue of economic development.

article thumbnail

How One Startup Developed a Sales Model That Works in Emerging Markets

Harvard Business Review

I stumbled through a few consumer report roundups online, asked the advice of friends and coworkers, and eventually found myself at a local hardware store, where the owner enlightened me to the complex world of BTUs, replaceable filters, and square footage calculations. Experiment #5: Microfinance Institutions.