Financing is an essential element for establishing a new business, launching a new product or service, or expanding an existing business through internal growth or acquisition. For example, cash is necessary in order for a company to continue operations while awaiting payment from customers and...
Customers, employees and corporate activists, including socially conscious investors, have been focusing on issues now commonly associated with CSR and corporate sustainability for several decades, particularly in the areas of environmental protection and human rights; however, CSR has taken on a new urgency for corporate...
An integral feature of sustainable entrepreneurship and corporate social responsibility is ensuring that the resources required to establish and operate the business are sourced in a responsible manner that does not impair the integrity and reputation of the company. While transparency regarding sources of funding...
Interest in CSR and corporate sustainability among institutional investors has logically been accompanied by a sharper focus on whether and how companies are adopting the long-term perspective necessary for committing resources to projects that will likely have the highest value to the business at some...
Members of the audit committee must be prepared to spend a substantial amount of time in discharging their duties and obligations in relation to the company. For example, commentators are advising that audit committees should schedule full-day meetings on no less than a quarterly basis. ...
The compensation and organizational development committee plays an essential role in setting the overall tone for the company’s philosophy with respect to rewards and incentives generally and executive compensation in particular. Among other things, the members of the committee are expected to continuously review and...
While it is widely believed that startups need outside capital in order to grow and survive, many of the fastest growing new businesses in the country—60% of the companies on the Inc. 500 list in 2015—have been launched using “bootstrapping” techniques with less than $10,000...
A “budget” has been defined as a plan for the coordination of resources and expenditures covering a definite period of time. While a budget can be created for the management of non-financial resources, such as manpower, the term is typically used in connection with the...
Obtaining the financing necessary to develop a successful business is one of the major challenges facing any company. There are a number of different sources of capital, including the sale of equity and debt securities to private and public investors, commercial loans and government financing. ...
While some founders may be able to raise financing from venture capitalists without a complete business plan or finished product prototype because of their previous track record and existing relationships with those types of investors, the more likely scenario is that founder will need to...