http://hennessey.portagemedia.com Small Business Finance Simplified Mon, 18 Jul 2011 01:37:53 +0000 http://backend.userland.com/rss092 en By Kim Eberhardt, Vice President, Marketing & Communications, Hennessey Capital The most recent statistics indicate that LinkedIn has 100 million users. Are you one of them? LinkedIn offers incredible power to connect and grow your business, if you utilize it effectively.  This tool is used all over the world to connect ... http://hennessey.portagemedia.com/2011/07/10/5-tips-to-use-linkedin-more-effectively/ By Toby Dahm, Senior Vice President, Hennessey Capital I have just returned from the Commercial Finance Association’s annual Entrepreneurial Finance and Factoring Conference.  This is an event where specialty lenders that serve the smaller part of the financing spectrum come together to share ideas, build new relationships and cultivate existing ones.  ... http://hennessey.portagemedia.com/2011/05/25/cfa-entrepreneurial-finance-and-factoring-conference-the-value-of-collaboration/ By Jeff Wright, Senior Vice President, Hennessey Capital I recently attended the 2011 International Factoring Association Conference in Washington D.C. This conference brings together factoring companies and those that service them from across the country. This year’s conference included over 600 attendees which made it the most well-attended event in the ... http://hennessey.portagemedia.com/2011/04/26/2011-ifa-conference-wrap-up/ By Jeff Wright, Senior Vice President, Hennessey Capital Every business, no matter what size, should have a business plan to be used by management as a tool to guide the company in achieving its corporate goals. It should describe the company's strength, weaknesses, opportunities and threats and be accompanied by supporting ... http://hennessey.portagemedia.com/2011/03/22/revisiting-your-business-plan/ By Mike Semanco, President, Hennessey Capital   In our world of lending money to small and midsized companies for working capital purposes, we get calls all the time about how to commercialize a concept or product.  Most of the time, these conversations are very difficult.  Entrepreneur’s are passionate about their product and ... http://hennessey.portagemedia.com/2011/02/22/moving-from-prototype-to-production/ By Jeff Wright, Senior Vice President, Hennessey Capital   In today’s tough economic times, your customers are managing their cash closely and looking for the most value for their money. Being the lowest cost provider is not the only reason your customer keeps coming back. Providing a quality product with extraordinary ... http://hennessey.portagemedia.com/2011/02/14/loyalty-how-to-take-care-of-customers/ By Toby Dahm, Senior Vice President, Hennessey Capital How often have you heard the statement “If you don’t have goals, how will you know if you are succeeding?”  So each year, we create a list of goals that we feel will satisfy our boss, our shareholders, or some other outside entity, ... http://hennessey.portagemedia.com/2011/01/31/how-to-make-2011-a-great-year/ By Toby Dahm, Senior Vice President, Hennessey Capital For most small to mid sized businesses, when they think of financing, they think of a bank loan.  Frequently, however, a bank loan is not available or is not sufficient to meet the financing needs of these companies.  What, then, are the options ... http://hennessey.portagemedia.com/2010/12/30/understanding-the-financial-spectrum/ By Toby Dahm, Senior Vice President, Hennessey Capital   This past Saturday, I held my breath, along with hundreds of thousands of other Michigan State football fans, as Penn State went for an onside kick with just over a minute left in the game.  The ball took a favorable bounce for the ... http://hennessey.portagemedia.com/2010/12/01/sports-business-what-we-can-learn-from-our-favorite-team/ Jeff Wright, Senior Vice President, Hennessey Capital As business owners find it more difficult to obtain access to capital, market conditions have led them to consider mezzanine financing as means of financing their growth needs. Mezzanine investors fill the gap in capital needed but not provided by other sources. Mezzanine financing ... http://hennessey.portagemedia.com/2010/11/22/mezzanine-financing-%e2%80%93-what-is-it-how-it-works/