Startup Financing Queensbury NY

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Joyce Cole
J. Cole Financial Advisers, Inc.
(518) 793-4507
70 Thomas Road
Gansevoort (Saratoga Springs area), NY
Expertises
Ongoing Investment Management, Financial Issues Between Generations, Socially Responsible Investments, Helping Clients Identify & Achieve Goals, Hourly Financial Planning Services, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Ms. Frances J. Parent, CFP®
(518) 743-9586
119 Dix Ave
Glens Falls, NY
Firm
Greenleaf Financial

Data Provided by:
Mr. Stephen C. Wright, CFP®
(518) 745-5500
1 Broad Street Plz Ste 2
Glens Falls, NY
Firm
UBS Financial Services Inc

Data Provided by:
Mr. Daniel P Hazewski, CFP®
(518) 798-6688
510 Glen St
Glens Falls, NY
Firm
Legacy Planning Partners
Areas of Specialization
Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Elder Care, Estate Planning, General Financial Planning, Investment Management
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. William A. Losey Iii, CFP®
(518) 581-1666
17 Sheffield Rd
Wilton, NY
Firm
Bill Losey Retirement Solutions, LLC
Areas of Specialization
Asset Allocation, Investment Management, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Dale L. Mullin, CFP®
(518) 792-0918
333 Aviation Road, Bldg. B
Queensbury, NY
Firm
Whittemore, Dowen & Ricciardel

Data Provided by:
Mr. Adam E. Pearsall, CFP®
(518) 745-5500
P.O. Box 2841
Glens Falls, NY
Firm
UBS Financial Services
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Mr. James E. Foust Iii, CFP®
(518) 743-9446
100 Bay St
Glens Falls, NY
Firm
James E Foust CFP

Data Provided by:
Mr. Frederick R. Baldes Jr., CFP®
(518) 229-6557
94 Main St
Corinth, NY
Firm
Allstate

Data Provided by:
Ms. Joyce Smith Cole, CFP®
(518) 793-4507
70 Thomas Rd
Gansevoort, NY
Firm
J Cole Financial Advisers, Inc

Data Provided by:
Data Provided by:

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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