Startup Financing Lewiston ME

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

Mr. Barry L. Kohler, CFP®
(207) 376-3648
30 Lisbon St
Lewiston, ME
Firm
Androscoggin Bank
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Elder Care, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Edward M. Snook, CFP®
(207) 754-7857
49 Weatherly Pl
Auburn, ME
Firm
Evergreen Financial Inc

Data Provided by:
Mr. James R. Sargent, CFP®
22 Fairmount Ave
Auburn, ME
Firm
ING
Areas of Specialization
Employee and Employer Plan Benefits

Data Provided by:
Mr. Richard S Wilcox, CFP®
(207) 729-4410
14 Maine St # 23
Brunswick, ME
Firm
First Command Financial Planning
Areas of Specialization
Comprehensive Financial Planning, Government and Military, Insurance Planning, Investment Management, Long-Term Care, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Not Applicable

Data Provided by:
Mr. John R. Krainis, CFP®
(207) 865-6800
PO Box 251
Freeport, ME
Firm
The Financial Network

Data Provided by:
Mr. John R. O'Malley, CFP®
(207) 784-3524
467 Sabattus St
Lewiston, ME
Firm
O'Malley Associates Inc
Areas of Specialization
Accounting, Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Elder Care, Investment Planning, Long-Term Care

Data Provided by:
Melinda F. Davis, CFP®
(207) 376-3160
195 Center St
Auburn, ME
Firm
Cornerstone Wealth Planning
Areas of Specialization
Investment Management

Data Provided by:
Mr. Michael R. Trenholm, CFP®
(207) 933-7124
832 Main St
Monmouth, ME
Firm
Central Maine Financial Servic
Areas of Specialization
Asset Allocation, Budget Development, Elder Care, General Financial Planning, Investment Management, Real Estate
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Ms. Carol S. Taylor, CFP®
(207) 373-5124
55 Cushing St
Brunswick, ME
Firm
CUNA Mutual Group
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. Kevin P. Carbin Jr., CFP®
(800) 284-5989
186 Maine St
Brunswick, ME
Firm
Northeast Financial Services
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Investment Management, Retirement Income Management, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



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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?

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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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