How to draw a Personal Budget that worksWritten by Abdallah Khamis Abdallah
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Once you have added and reduced items and figures several times and you are finally satisfied with results, type your figures on a computer spreadsheet or word processor table and save it. You may also print it and file it for regular reference. To make it work successfully for you, you must vow to stick to budget. Any deviation must be absolutely necessary and funds should be made available separately to meet extra expenditure. Where no funds are available, some cutbacks or borrowing from other expense votes. You should ensure that you refund any funds borrowed from any expense votes to enable votes to be expended. To be frank, most people would want to spend more and more irrespective of their financial ability. However, arbitrary unbudgeted spending may be hazardous to your financial health.
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| | Attract more Venture Capital by Avoiding Angel Round ConflictWritten by Mike Sage
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For example, let's assume that an Angel investor group provides a convertible loan in amount of $1,000,000, and one year later a VC buys 2,000,000 shares of stock at $1 per share. The Angels could then have option to convert $1,000,000 loan into shares at a price discounted from $1 price that VC paid. Assuming further that discount is 20%, Angels would then convert this loan into 1,250,000 shares of stock at 80 cents per share. This strategy avoids problem of applying an improper valuation too early in life of company. Using debt instead of equity for Angels will provide an equitable solution for all investors and help you avoid a major headache. The Angel is protected, assuming that a future investment takes place, because they see an increase in value of their investment. The venture capitalist is pleased because Angel did not buy stock at an abnormally low price relative to valuation VC is applying. And you are content because you have your money and your investors are happy. Copyright ©2004 by CTC Publishing, All Rights Reserved. Mike Sage, Founder of Capital Now (http://www.venturecapitalguru.com), has been an early stage venture capital investor with two major funds as well as an entrepreneur starting businesses. Mike can be reached at mike@venturecapitalguru.com.
Mike Sage, Founder of Capital Now (http://www.venturecapitalguru.com), has been an early stage venture capital investor with two major funds as well as an entrepreneur starting businesses. Mike can be reached at mike@venturecapitalguru.com.
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