Startup Financing Morris IL

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

Mr. William L. Daily, CFP®
(815) 476-2105
205 S Water St
Wilmington, IL
Firm
Raymond James Financial Services, Inc.
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Healthcare Planning, Insurance Planning, Investment Management, Investment Planning, Long-Term Care
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Elbert W. Carroll, CFP®
(815) 922-6563
4147 Doe Ct
Joliet, IL
Firm
Primerica Financial

Data Provided by:
Dwayne E Konicek, CFP®
(630) 553-6566
651 Prairie Pointe Dr Ste 105
Yorkville, IL
Firm
Synergy Financial Services

Data Provided by:
Chase Bank
(815) 467-9705
27242 W Eames
Channahon, IL
Type
Freestanding
Office Hours
Mon:8:30-6:00
Tues:8:30-6:00
Wed:8:30-6:00
Thurs:8:30-6:00
Fri:8:30-7:00
Sat:8:30-2:00
Sun:closed

Fifth Third Bank
(630) 553-2120
Yorkville, 444 E. Veterans Parkway
Yorkville, IL
Office Hours
M-TH 9-6; F 9-7; SA 9-4
Drive Up Hours
M-Th 9-6; F 9-7; SA 9-4

Mr. Stephen J Francis, CFP®
(815) 476-2105
205 S. Water St.
Wilmington, IL
Firm
Daily and Francis LLC
Areas of Specialization
Charitable Giving, General Financial Planning, Insurance Planning, Long-Term Care, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Charles M. Meeder, CFP®
(630) 553-9771
75 Country Ln
Yorkville, IL
Firm
Charles Meeder, CPA, CFP

Data Provided by:
Chase Bank
(815) 416-0350
1925 N Division
Morris, IL
Type
Freestanding
Office Hours
Mon:9:00-6:00
Tues:9:00-6:00
Wed:9:00-6:00
Thurs:9:00-6:00
Fri:9:00-7:00
Sat:9:00-2:00
Sun:closed

Bank of America - Shorewood
(815) 439-5506
1113 Brook Forest Ave.
Shorewood, IL
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Braille, Accepts Deposits, 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 9-6
Saturday 9-3
Sunday Closed
Drive Up Hours
Monday 8-6
Tuesday 8-6
Wednesday 8-6
Thursday 8-6
Friday 8-6
Saturday 8-3
Sunday Closed

Chase Bank
(630) 553-8614
110 E Veterans Pkwy
Yorkville, IL
Type
Freestanding
Office Hours
Mon:9:00-7:00
Tues:9:00-7:00
Wed:9:00-7:00
Thurs:9:00-7:00
Fri:9:00-7:00
Sat:9:00-3:00
Sun:closed

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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