Startup Financing Bettendorf IA

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Eric Kies
The Planning Center
(309) 797-4030
1701 River Drive
Moline, IL
Expertises
Helping Clients Identify & Achieve Goals, Planning Concerns for Corporate Executives, Financial Issues Between Generations, Ongoing Investment Management, Estate & Generational Planning Issues, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, AIFA, CFP®, MBA

Mr. Brian C. Burke, CFP®
(563) 349-7735
2550 Middle Rd Ste 300
Bettendorf, IA
Firm
Guardian Life Insurance Company

Data Provided by:
Mrs. Andrea M Huebbe, CFP®
(563) 441-9903
1717 State St Ste 101
Bettendorf, IA
Firm
LPL Financial
Areas of Specialization
Asset Allocation, Education Planning, Estate Planning, General Financial Planning, Investment Management, Investment Planning, LGBT Individuals and Couples

Data Provided by:
Mr. Douglas E. Beasley, CFP®
(563) 388-8800
3705 Utica Ridge Rd
Bettendorf, IA
Firm
Farm Bureau Financial Services

Data Provided by:
Mr. Andrew J Trasowech, CFP®
(563) 386-4600
3626 Bridge Avenue
Davenport, IA
Firm
Robert W. Baird & Co.
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning

Data Provided by:
Mr. David W. Elizondo, CFP®
(563) 359-8783
3475 Utica Ridge Rd
Bettendorf, IA
Firm
True Financial Partners

Data Provided by:
Mr. Joseph M. Pheifer, CFP®
(563) 333-2530
3325 Utica Ridge Rd
Bettendorf, IA
Firm
Summit Financial Consultants I

Data Provided by:
Mr. Roger R. Pearson, CFP®
(563) 359-5257
2435 Kimberly Rd Ste 300
Bettendorf, IA
Firm
SagePoint Financial, Inc.

Data Provided by:
Mr. Mark D. Tholl, CFP®
(563) 344-6070
5405 Utica Ridge Rd
Davenport, IA
Firm
Ameriprise Financial
Areas of Specialization
Investment Management, Tax Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Shawn M. Agan, CFP®
(563) 359-3475
5153 Utica Ridge Rd
Davenport, IA
Firm
Unified Financial Strategies,
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Long-Term Care, Retirement Income Management

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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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