Startup Financing Kingman AZ
Banking Center Services: Commercial Deposits, Night Deposits
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Sensible Money, LLC
Retirement Planning & Distribution Rules, Ongoing Investment Management, Investment Advice without Ongoing Management, Tax Planning, Hourly Financial Planning Services
NAPFA Registered Financial Advisor, CFP®
Wealth Engineering, LLC
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Retirement Planning & Distribution Rules, High Net Worth Client Needs, College/Education Planning, Estate & Generational Planning Issues
NAPFA Registered Financial Advisor, BS, CFP®
Wealth Management Solutions
Ongoing Investment Management, Planning Concerns for Corporate Executives, Estate & Generational Planning Issues, Retirement Plan Investment Advice, Tax Planning, Divorce Planning
NAPFA Registered Financial Advisor, CFP®, MBA
Mon-Fri 09:00 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Mon-Fri 08:00 AM-06:00 PM
Sat 08:00 AM-04:00 PM
Encore Wealth Advisors
Retirement Plan Investment Advice, Middle Income Client Needs, Advising Medical Professionals, Retirement Planning & Distribution Rules, Socially Responsible Investments, Tax Planning
NAPFA Registered Financial Advisor, CFP®, EA, MA
Commission Free Financial Planning Solutions, Inc.
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Retirement Planning & Distribution Rules
NAPFA Registered Financial Advisor, BA, CFP®, MA
Delta Ventures Financial Counsel, Inc.
High Net Worth Client Needs, Advising Medical Professionals, Financial Psychology/Coaching, Planning Issues for Business Owners, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues
NAPFA Registered Financial Advisor, CFP®, MS
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.