Startup Financing Lockport NY

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

Anthony Ogorek
Ogorek Wealth Management, LLC
(716) 626-5000
6400 Sheridan Drive Suite 224
Williamsville, NY
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals, Advising Medical Professionals, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, Ed.D.

Mr. Eric W. Connor, CFP®
(716) 439-1143
400 Bewley Building
Lockport, NY
Firm
Connor Wealth Management
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Divorce Issues, General Financial Planning, Insurance Planning, Investment Management, Investment Planning

Data Provided by:
Mr. Chad P. Cornell, CFP®
(716) 434-3733
76 West Avenue
Lockport, NY
Firm
c/o Frank Cornell Associates
Areas of Specialization
Accounting, Asset Allocation, Banking, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits

Data Provided by:
Mr. Richard K. Frank, CFP®
(716) 434-6426
150 Main St
Lockport, NY
Firm
Key Investment Services, LLC
Areas of Specialization
Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. John E. Paananen, CFP®
(716) 772-7891
PO Box 498
Gasport, NY
Firm
Access Planning Services
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $100,000 or less

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

Profession: Non-Profit Employees

Data Provided by:
Joseph Raimond
Raimond Financial Planning
(716) 692-8648
1876 Niagara Falls Boulevard, Suite 2
Tonawanda, NY
Expertises
Cash Flow/Budgets/Credit Issues, Helping Clients Identify & Achieve Goals, Insurance Related Issues, including Annuities, Ongoing Investment Management, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MS

Mr. Erik A O'Keefe, CFP®
(716) 433-8268
6411 Dysinger Road
Lockport, NY
Firm
Ameriprise Financial
Areas of Specialization
Intergenerational Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Service Professionals

Data Provided by:
Mr. Robert Wayne Romeo, CFP®
(716) 625-7018
6950 S Transit Rd
Lockport, NY
Firm
First Niagara Wealth Management

Data Provided by:
Mr. Robert W. Wunsch Jr., CFP®
6950 S Transit Rd
Lockport, NY
Firm
First Niagara Investment Services
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Thomas R. Huisgen, CFP®
(716) 693-6302
3200 Niagara Falls Blvd
North Tonawanda, NY
Firm
LPL Financial Services

Data Provided by:
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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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