Startup Financing Bay Minette AL

Looking for information on Startup Financing in Bay Minette? We have compiled a list of businesses and services around Bay Minette that should help you with your search. We hope this page helps you find information on Startup Financing in Bay Minette.

Mark L. Baggerly, CFP®
(251) 990-3456
9812 Millwood Circle
Daphne, AL
Firm
RockBridge Wealth Management
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Mr. Cleveland D. Gantt, CFP®
(251) 626-9113
PO Box 7418
Spanish Fort, AL
Firm
Genworth Financial

Data Provided by:
Mr. David L. Braud, CFP®
(251) 626-2894
PO Box 2474
Daphne, AL
Firm
Wealth Management Consultants,
Areas of Specialization
Estate Planning, Investment Management, Retirement Income Management, Retirement Planning, Tax Planning, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Wells Fargo - Spanish Fort Town Center
(251) 625-2475
10000 Town Center Ave
Spanish Fort, AL
Type
Branch
Office Hours
Mon-Thu 08:30 AM-05:00 PM
Fri 08:30 AM-05:30 PM
Sat 08:30 AM-12:00 PM
Sun Closed

Regions Bank - Loxley
(251) 964-7474
2095 East Relhem Drive
Loxley, AL
Type
Branch
Office Hours
M-F 9:00-5:00
S CLOSED
Su NA
Drive Up Hours
M-F 8:30-5:00
S CLOSED
Su NA

Mr. William G Dorriety, CFP®
(251) 625-8885
9805 Millwood Circle
Daphne, AL
Firm
Optimum Asset Management, Inc.
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Terry E. Nager, CFP®
(251) 626-1140
29000 US Highway 98
Daphne, AL
Firm
Southern Capital Services, inc

Data Provided by:
Mr. Derek M. Louch, CFP®
(251) 345-8839
3617 Janlake Dr
Saraland, AL
Firm
Wells Fargo Advisors
Areas of Specialization
Asset Allocation, Charitable Giving, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Business Executives

Data Provided by:
Wells Fargo - Loxley
(251) 964-5075
3625 S Hickory St
Loxley, AL
Type
Branch
Office Hours
Mon-Thu 08:30 AM-05:00 PM
Fri 08:30 AM-05:30 PM
Sat 08:30 AM-12:00 PM
Sun Closed

Wells Fargo - Daphne
(251) 621-9300
2535 Us Hwy 98
Daphne, AL
Type
Branch
Office Hours
Mon-Thu 08:30 AM-05:00 PM
Fri 08:30 AM-05:30 PM
Sat 08:30 AM-12:00 PM
Sun Closed

Data Provided by:

Startup Financing

Provided By: 

The Real Funding Strategy That Works
by Kenneth H. Marks

You have an idea for a product or service and want to start a company, or maybe you already have a company and you are thinking about launching a new product line. Either way, you need capital to make it happen, but how do you get the funding required?

If you attend your typical MBA class on startup businesses or an entrepreneurial starter program, you’ll likely be told to write a business plan and shop it to angel and venture investors, right? Not in the real world!
Statistically no one gets venture capital. Yes, we all read about the handful of companies that obtained venture funding, are written about in the trade rags and may have even gone public, but given the number of companies started each year vs. the number of companies receiving institutional (or venture) funding, it is insignificant, and for most companies just plain unrealistic. So, how do the 99.9 percent of startup businesses get funded?

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Practical Funding Approach

The financing strategy is bootstrapping in stages based on iterative phases of success, working from the end backwards along a path of steps, only doing what must be done to get to the next phase with minimal capital. This is a resourceful and practical approach:
· Start with the customer and market need.
· Establish the critical path items for at least the first stage of the company or project.
· Define what it takes to validate the market and prove the company’s ability.
· Develop a list of where and from whom you can get the resources needed (i.e. those who have a reason to care about your company’s success).
· Assess – Can you bridge the gap with friends and family and personal investment?

Start with the Customer and the Market Need

Start with the end in mind — that is, the customer and the market need. Many businesses start with a solution and look for a problem to solve; this is natural when you have technical entrepreneurs and creative people. However, capital is attracted to situations that have proven market demand with a solution that is feasible at a validated price that allows the business to make a significant return based on the risk involved. The idea is to validate the market and price as soon as possible in the development of the company and shape the product or service offering to assure profitable revenues, or at least those that can generate a reasonable gross profit (revenues minus direct costs). This means talking with potential customers as you are crafting the business plan and strategy — the same goes with likely sources of supply.

Establish the Critical Path Items

Next, leverage the knowledge gained to develop the critical path items required to launch the company. Create a working prototype and confirm that the business model will work. One of the outputs of this train of thinking and process is a clearer understanding of the amount and timing of capital required.
Let’s take an example: A small ...

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