Startup Financing Grand Forks ND

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

Mr. John A Halstenson, CFP®
(701) 746-8319
2300 Library Circle
Grand Forks, ND
Firm
Thrivent Financial for Lutherans
Areas of Specialization
General Financial Planning, Insurance Planning, Long-Term Care, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Ms. Debbie Rae Albert, CFP®
(701) 746-5429
3425 S Washington St.
Grand Forks, ND
Firm
Ameriprise Financial Services, Inc
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. Roger M. Hodnefield, CFP®
(701) 746-5429
3425 S Washington St
Grand Forks, ND
Firm
Ameriprise Financial Services,
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, General Financial Planning, Insurance Planning, Investment Planning, Long-Term Care
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Thomas M. Schuster, CFP®
(701) 454-3317
3265 Desert Star Ln
Grand Forks, ND

Data Provided by:
Mr. Vincent P. Brekken, CFP®
(701) 795-7471
PO Box 14296
Grand Forks, ND
Firm
Brady Martz & Associates

Data Provided by:
Mr. Ryland E. Syverson, CFP®
(701) 775-8666
3001 32nd Ave S # A
Grand Forks, ND
Firm
Great Plains Financial
Areas of Specialization
Asset Allocation, Insurance Planning, Retirement Income Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Derrick P. Johnson, CFP®
(701) 746-8310
322 Demers Ave
Grand Forks, ND
Firm
Johnson Wealth Management, LLC
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Retirement Income Management, Retirement Planning

Data Provided by:
Mr. Matthew R. Wilson, CFP®
(701) 757-4777
406 Demers Ave
Grand Forks, ND
Firm
Wilson Wealth Management, INC.
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: Not Applicable

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Carter J. Johnsen, CFP®
(701) 746-1365
2617 South Columbia Road
Grand Forks, ND
Firm
Stifel Nicolaus
Areas of Specialization
Investment Planning

Data Provided by:
US Bank - Medical Park Office
(701) 795-6222
1205 S Columbia Rd
Grand Forks, ND
Drive Up Hours
Mon 08:00 am to 06:00 pm
Tue 08:00 am to 06:00 pm
Wed 08:00 am to 06:00 pm
Thur 08:00 am to 06:00 pm
Fri 08:00 am to 06:00 pm
Sat 09:00 am to 12:00 pm

Data Provided by:

Startup Financing

Provided By: 

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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