Startup Financing Bellingham WA

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

Ronald Simmer
Simmer Financial Planning, LLC
(360) 380-0517
5765 Willow Springs Way
Ferndale, WA
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MBA

Mr. George E. Mundell Iii, CFP®
(888) 329-2211
2211 Rimland Dr. #116
Bellingham, WA
Firm
Morgan Stanley
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning

Data Provided by:
Mr. Steven M. Kersey, CFP®
(360) 510-6452
1101 Lakeview Street
Bellingham, WA
Areas of Specialization
Asset Allocation, Elder Care, Insurance Planning, Investment Management, Investment Planning, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Mr. Gene R. Bell, CFP®
(360) 671-1845
1700 Iowa St
Bellingham, WA
Firm
Gene Bell & Associates
Areas of Specialization
Accounting, Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Cross-Border Planning, Debt Management
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Service Professionals

Data Provided by:
Mr. Gerald S. Wallace, CFP®
(360) 647-0649
PO Box 31550
Bellingham, WA
Firm
Bay City Financial Services In

Data Provided by:
Mr. Scott A Hume, CFP®
(360) 756-3504
3101 Newmarket St
Bellingham, WA
Firm
RBC Wealth Management
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Cross-Border Planning, Estate Planning, Intergenerational Planning, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Marvin K. Degraaff, CFP®
(360) 734-4728
4164 Meridian St
Bellingham, WA
Firm
Waddell & Reed Inc
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Phillip E. Multop, CFP®
(360) 671-7891
333 Calluna Ct Ste 205
Bellingham, WA
Firm
Professional Equity Management

Data Provided by:
Jonathan P Ludeman, CFP®
(360) 738-9600
2115 Barkley Blvd
Bellingham, WA
Firm
Ludeman Capital Management, In
Areas of Specialization
Investment Management, Life Planning, Life Transitions, Real Estate, Retirement Income Management, Retirement Planning, Risk Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $50,001 - $100,000



Data Provided by:
Mark L Wallace, CFP®
(360) 647-0649
PO Box 31550
Bellingham, WA
Firm
Bay City Financial Services, Inc.
Areas of Specialization
Asset Allocation, General Financial Planning, Investment Management, Investment Planning, Securities, Young Professionals

Data Provided by:
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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?

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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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