Startup Financing Hutchinson KS

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

Michael Link, CFP®
(620) 663-2861
13 W 11th Ave
Hutchinson, KS
Firm
Ameriprise Financial
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Insurance Planning, Investment Planning, Long-Term Care, Retirement Income Management, Retirement Planning

Data Provided by:
Mrs. Anna M. Kiser, CFP®
(620) 663-1186
620 E 30th Ave Ste 220
Hutchinson, KS
Firm
Financial Planning & Consulting Services, LLC.
Areas of Specialization
Education Planning, Insurance Planning, Retirement Planning, Wealth Management, Women's Finances, Young Professionals
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Profession: Medical/Dental Professionals

Data Provided by:
Mr. Guy M. Gann, CFP®
(620) 669-1230
2911 N Plum St
Hutchinson, KS
Firm
Hutchinson Income Tax & Financ
Areas of Specialization
Charitable Giving, General Financial Planning, Insurance Planning, Investment Management, Investment Planning, Retirement Income Management, Retirement Planning

Data Provided by:
Bank of America - Hutchinson Downtown
(620) 694-4300
20 W. Second Ave.
Hutchinson, KS
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Indoor ATM Services: Open 24 Hours, Braille, Accepts Deposits
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-5
Saturday 9-12
Sunday Closed
Drive Up Hours
Monday 8-5:30
Tuesday 8-5:30
Wednesday 8-5:30
Thursday 8-5:30
Friday 8-6
Saturday 8-12
Sunday Closed

Edward Jones
(888) 891-1446
1629 N Lorraine St
Hutchinson, KS

Data Provided by:
Debra L. Caffrey, CFP®
811 E 30th Ave Ste E
Hutchinson, KS
Firm
Waddell & Reed

Data Provided by:
Shawn M. Wyatt, CFP®
(620) 663-0651
700 E 30th Ave
Hutchinson, KS
Firm
Central Bank and Trust Co.

Data Provided by:
Bank of America - Hutchison East
(620) 694-4395
1600 E. 17th
Hutchinson, KS
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Braille, Drive Up
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-5
Saturday 9-12
Sunday Closed
Drive Up Hours
Monday 8-5:30
Tuesday 8-5:30
Wednesday 8-5:30
Thursday 8-5:30
Friday 8-6
Saturday 8-12
Sunday Closed

Ameriprise Financial
(620) 694-6260
1 N Main St Ste 428
Hutchinson, KS
 
Covenant Financial Services
(620) 665-5656
523 N Main St
Hutchinson, KS
 
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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