Startup Financing Elk River MN

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

Jon Govin
Summit Wealth Advocates, LLC
(763) 712-5879
227 East River Parkway
Champlin, MN
Ongoing Investment Management, College/Education Planning, Advising Employee Benefit Plan Participants, Tax Planning
NAPFA Registered Financial Advisor, AIF, CFP®, CPA, PFS

Roger Kruse
FFP Wealth Management
(763) 231-2760
11375 Robinson Drive Suite 210
Minneapolis, MN
Retirement Planning & Distribution Rules, Ongoing Investment Management, Tax Planning, Planning Issues for Business Owners, Planning Concerns for Corporate Executives, Middle Income Client Needs
NAPFA Registered Financial Advisor, CFP®, ChFc

Mr. Ronald J. Bardine, CFP®
(763) 441-5755
11070 183rd Circle, NW
Elk River, MN
Raymond James Financial Serv

Data Provided by:
Mr. David A Nordmeier, CFP®
(763) 428-0066
21025 Commerce Blvd
Rogers, MN
Midwest Wealth Advisors
Areas of Specialization
General Financial Planning, Investment Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $250,001 - $500,000

Profession: Medical/Dental Professionals

Data Provided by:
R. Brook Hansen
11132 Commerce Lane North
Champlin, MN
Company: Select Client Services
Investment Advisor Rep: Yes
American College of Financial Services
Years Experience
Years Experience: 15
Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,4

Data Provided by:
Tiffany Brynteson
FFP Wealth Management
(763) 231-2760
11375 Robinson Drive Suite 210
Minneapolis, MN
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Retirement Planning & Distribution Rules, Tax Planning
NAPFA Registered Financial Advisor, BS, CRPC

Gregory Zandlo
North East Asset Management
(763) 785-9541
11465 Robinson Drive NW, Suite 250
Minneapolis, MN
Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, High Net Worth Client Needs, Ongoing Investment Management, Planning Concerns for Corporate Executives, College/Education Planning
NAPFA Registered Financial Advisor, CFP®

Mr. Stephen R. Lucht, CFP®
(763) 497-9386
6583 W Laketowne Drive NE
Albertville, MN
Lucht & Associates, Inc.
Areas of Specialization
Tax Planning

Data Provided by:
Mr. Nicholas Ray Bormann, CFP®
(763) 428-6525
13510 Rogers Dr
Rogers, MN
Wells Fargo Advisors

Data Provided by:
Mr. Douglas James Prahl, CFP®
(763) 295-1822
PO Box 1519
Monticello, MN
Edward Jones Investments
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Planning, Long-Term Care, Retirement Income Management, Retirement Planning

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?


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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