Monday, January 10, 2011

New series focuses on finding funds

One of the great things about marking a new year is the opportunity for a fresh start. We can make New Year's resolutions, clean out a basement or spare closet, and rededicate ourselves to a task, a goal, or an earlier commitment.

For many of us on a professional level, the economic downturn and resulting job losses in the last couple of years have forced a career change. Moreover, it has created a boomlet of entrepreneurial spirit as scores of people have decided to go into business for themselves and pursue a long held passion that had been kept under wraps in the past under the “security” of more traditional employment.

To help further drive this entrepreneurial spirit, the Birmingham Bloomfield Chamber is partnering with the Miller Canfield law firm on a four-part series to help these budding businesses find the necessary capital to either launch or new venture or grow it to the next level.

Typically, our Investepreneur Roundtable series had focused on a particular industry where investors and business owners were brought together to explore growth options. We are changing that this year to focus instead on the many traditional and nontraditional funding sources available to business startups. And our financing experts will be on hand to provide helpful advice on how to go about applying for financing and what pitfalls to avoid during the process.

The first segment, scheduled for Feb. 15, will focus on financing options available at banks, credit unions and venture capital firms. On May 24, we will explore the myriad government loan and grant programs available to startup and second stage businesses. To read the complete article click here.

Joe Bauman is president of the Birmingham Bloomfield Chamber. He welcomes feedback at

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