Startup Financing West Point MS

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

Ms. Rhonda Ferguson, CFP®
(662) 327-1480
1121 2nd Ave N
Columbus, MS
Firm
Financial Concepts
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mrs. Lynn M. Phillips-Gaines, CFP®
(662) 324-2889
104 W Lampkin St
Starkville, MS
Firm
Phillips Financial

Data Provided by:
Jerry L. Toney, CFP®
(662) 324-4740
301 E Main St
Starkville, MS
Firm
Cadence Bank
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Investment Management

Data Provided by:
Mr. Brian S. Lesley, CFP®
(662) 338-1210
1 Research Blvd Ste 200
Starkville, MS
Firm
Renasant Bank
Areas of Specialization
Asset Allocation, Education Planning, Estate Planning, General Financial Planning, Investment Management, Retirement Planning, Securities
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Regions Bank - West Point Main
(662) 494-6972
551 East Main Street
West Point, MS
Type
Branch
Office Hours
M-Th 9:00-4:30
F 9:00-5:00
S CLOSED
Su NA
Drive Up Hours
M-Th 9:00-4:30
F 9:00-5:00
S CLOSED
Su NA

Mr. Andrew Haftek, CFP®
(662) 329-6521
803 Main St
Columbus, MS
Firm
Cadence Bank
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Charitable Giving, Debt Management, Education Planning, Estate Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable



Data Provided by:
Mr. Larry E. Mullins, CFP®
(662) 323-4291
114 S Lafayette St
Starkville, MS
Firm
LPL Financial Services
Areas of Specialization
Retirement Income Management

Data Provided by:
Mr. Robert M. Crosland Iii, CFP®
(662) 338-0023
100 Starr Ave Ste B
Starkville, MS
Firm
Crosland Wealth Management INC
Areas of Specialization
Asset Allocation, General Financial Planning, Investment Management, Investment Planning, Long-Term Care, Retirement Income Management, Retirement Planning

Data Provided by:
Mr. Eddie Mcneal, CFP®
(662) 323-8313
101 S Lafayette St
Starkville, MS
Firm
Ameriprise Financial Services
Areas of Specialization
Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Life Planning

Data Provided by:
Wells Fargo Advisors
(662) 324-5999
301-B Academy Road
Starkville, MS

Data Provided by:
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?

;

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