Startup Financing Dublin GA
Nichols Cauley & Associates, L
Nichols Cauley & Assoc
Mon-Thu 09:00 AM-05:00 PM
Fri 09:00 AM-06:00 PM
Sat 09:00 AM-12:00 PM
TandemGrowth Financial Advisors, LLC
Ongoing Investment Management, Estate & Generational Planning Issues, Helping Clients Identify & Achieve Goals, College/Education Planning, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules
NAPFA Registered Financial Advisor, CFP®, CFS, ChFc
Smith and Raab CPA Financial Planners, PC
Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Middle Income Client Needs, Retirement Planning & Distribution Rules, Tax Planning
NAPFA Registered Financial Advisor, CPA/PFS, MBA
Nichols Cauley & Assoc
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
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Drive Up Hours
Minerva Planning Group, Inc.
Ongoing Investment Management, Retirement Plan Investment Advice, High Net Worth Client Needs, Women's Financial Planning Issues, Hourly Financial Planning Services, Investment Advice without Ongoing Management
NAPFA Registered Financial Advisor, CFA, CFP®
The Daniel Financial Group, LLC
Helping Clients Identify & Achieve Goals, Planning Concerns for Corporate Executives, Ongoing Investment Management, Estate & Generational Planning Issues, Tax Planning, Planning Issues for Business Owners
NAPFA Registered Financial Advisor, CFP®, MBA
The Real Funding Strategy That Works
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!
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 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.