Startup Financing Bay Saint Louis MS

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Mr. David H. Goodin, CFP®
(228) 255-5778
1 Pelican Cv
Diamondhead, MS
SagePoint Financial Inc.
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Daniel J Boudreaux, CFP®
(985) 646-2078
2395 Gause Blvd East Suite 4
Slidell, LA
Edward Jones

Data Provided by:
Allen Regan, CFP®
(228) 863-0411
9490 Three Rivers Rd
Gulfport, MS
AVL WealthCare, LLC
Areas of Specialization
Comprehensive Financial Planning, Wealth Management

Data Provided by:
Chase Bank
(985) 649-1893
1943 E Gause Blvd
Slidell, LA
Office Hours

Global Financial Aid Service
(228) 896-4242
12020 Intraplex Pkwy
Gulfport, MS
Mr. Chad J Nugent, CFP®
(985) 649-1930
29 N Treasure Isle
Slidell, LA
LPL Financial
Areas of Specialization
Accounting, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, General Financial 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:
Ms. Marilyn Brown, CFP®
(228) 563-5691
P. O. Box 4019
Gulfport, MS
Hancock Bank

Data Provided by:
Mr. Fred B Holmes, CFP®
(228) 863-6500
20 Cedarwood Ln
Gulfport, MS
ING Financial Partners

Data Provided by:
Capital One
(985) 726-4750
2925 Gause Boulevard East
Slidell, LA
Drive-Up ATM Walk-Up ATM Open after 5 PM Open on Saturday Branch Drive-Up Safe Deposit Box
Office Hours
Sun , Mon 9 AM - 4 PM, Tue 9 AM - 4 PM, Wed 9 AM - 4 PM, Thu 9 AM - 4 PM, Fri 9 AM - 5 PM,
Drive Up Hours
Sun , Mon 8 AM - 6 PM, Tue 8 AM - 6 PM, Wed 8 AM - 6 PM, Thu 8 AM - 6 PM, Fri 8 AM - 6 PM,

Williams Pat Financial Services
(228) 832-0713
14936 Angela Dr
Gulfport, MS
Data Provided by:

Startup Financing

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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?


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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