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When Yemi Mobolade and Russ Ware were looking to open Wild Goose Meeting House six years ago, they learned what many budding entrepreneurs discover: It’s not easy for startups to find financing. “We took money from our 401ks, coupled with money from close family, friends and two people from the community,” Mobolade said. Friends and […]

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Avoiding debt, whether it’s in business or at home, always seems like the right idea. But in the business world, taking on debt might be smart in the current economic climate. “If you’ve got the stomach for the risk, debt right now is very attractive from an interest rate standpoint,” said Ben Harvey, owner of […]

Mark Perrault says the No. 1 problem for most startup businesses is easy to identify. “It’s high fixed expenses,” said the financial advisor for Northwestern Mutual. “High variable expenses are one thing, but you can control some high fixed expenses.” Chief among those, he said, is how big a space a business will occupy. It’s critical […]

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The proposed 2017 city budget makes interesting reading — all 639 pages of it. Most of it is dry and predictable, but some sections stand out because they illustrate budget tendencies or anomalies that deserve examination. Here are five takeaways from this year’s proposed budget for Colorado Springs. CITY DEBT In an era when many […]

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Colorado Springs Utilities has billions in debt. The city of Colorado Springs, on the other hand, does not. Why does one entity have more debt, while the other has far less — when essentially the same group of people governs both? Here’s the debt breakdown. From 2008 to 2015, CSU’s noncurrent liabilities increased from $1.82 […]