Startup Financing Prospect Heights IL

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

Roger Wohlner
Asset Strategy Consultants
(847) 506-9827
4014 N. Mitchell Drive
Arlington Heights, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Investment Advice without Ongoing Management, Retirement Planning & Distribution Rules, Advising Employee Benefit Plan Participants, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

William Kmiecik
Wisdom Investments Inc.
(847) 290-0753
2015 South Arlington Heights Road
Arlington Heights, IL
Expertises
Helping Clients Identify & Achieve Goals, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Ongoing Investment Management, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CASL, ChFc, CPA/PFS, MS

Patrick Doland
Reason Financial Advisors, Inc.
(847) 205-9501
350 Pfingsten Road, Suite 108
Northbrook, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Brenda Knox
Financial Elements, Inc.
(847) 496-4179
1861 Hicks Road, Suite D
Rolling Meadows, IL
Expertises
Newlyweds & Novice Investors, College/Education Planning, Cash Flow/Budgets/Credit Issues, Retirement Plan Investment Advice, Helping Clients Identify & Achieve Goals, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

David Theis
Fee-Only Financial Advisors, Ltd.
(847) 359-3300
116 East Slade Street
Palatine, IL
Expertises
Financial Issues Between Generations, Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CSA

Michael Rohrwasser
Vantage Financial Partners Limited
(847) 590-9191
Nine North Vail Avenue, Suite 200
Arlington Heights, IL
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Estate & Generational Planning Issues, Helping Clients Identify & Achieve Goals, Planning Concerns for Corporate Executives, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mark Gilbert
Reason Financial Advisors, Inc.
(847) 205-9501
350 Pfingsten Road, Suite 108
Northbrook, IL
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Ongoing Investment Management, Tax Planning, Estate & Generational Planning Issues, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CPA/PFS, MBA

Michael Leonetti
Leonetti & Associates, LLC
(847) 520-0999 Ext: 6538
1130 Lake Cook Road, Suite 300
Buffalo Grove, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Advising Medical Professionals, High Net Worth Client Needs, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CFS

Scott Baril
Baril Advisors LLC
(847) 704-1637
2150 East Lake Cook Road
Buffalo Grove, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Planning Issues for Business Owners, Estate & Generational Planning Issues, Tax Planning, Planning Concerns for Corporate Executives
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, MBA

Carin Pankros Roman
CCP, Inc.
(847) 303-1220
4801 Emerson Avenue Ste. 106
Palatine, IL
Expertises
Ongoing Investment Management, Planning Concerns for Corporate Executives, Helping Clients Identify & Achieve Goals, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

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?

;

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 ...

Click here to read more from Home Business Magazine

© Copyright 2013 Home Business Magazine. All Rights Reserved. Privacy Policy | Terms and Conditions
Infoswell Media