Startup Financing Willoughby OH

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

Donald Purtill
Purtill Financial LLC
(440) 484-5340
38 Alpha Park
Highland Heights, OH
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, High Net Worth Client Needs, Tax Planning, Retirement Planning & Distribution Rules, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CPA/PFS, MBA

Mimi Lord
Spero-Smith Investment Advisers, Inc.
(216) 464-6266
3601 Green Road, Suite 102
Cleveland, OH
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Tax Planning, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, MBA

Mr. David E. Bucholtz, CFP®
(440) 944-7070
2786 SOM Center
Willoughby Hills, OH
Firm
Bucholtz Consulting, llc.
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Investment Management, Life Planning, Planning for Couples
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Ms. Kristine Lausin, CFP®
(440) 953-3630
37121 Euclid Ave
Willoughby, OH
Firm
Lincoln Financial Planning
Areas of Specialization
Comprehensive Financial Planning, Education Planning, General Financial Planning, Insurance Planning, Investment Management, LGBT Individuals and Couples, Long-Term Care
Key Considerations
Average Net Worth: $250,001 - $500,000

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



Data Provided by:
Powers Investment Advisory Corporation
279 Skye Rd.
Highland Heights, OH
 
Matthew Olver
Spero-Smith Investment Advisers, Inc.
(216) 464-6266
3601 Green Road, Suite 102
Cleveland, OH
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, College/Education Planning, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®

Constance Stone
Stepping Stone Financial, Inc.
(440) 247-4870
7160 Chagrin Road, Suite 135
Chagrin Falls, OH
Expertises
Women's Financial Planning Issues, Middle Income Client Needs, Tax Planning, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, ATP, CFP®

Mr. Thomas C. Pitrone, CFP®
(440) 951-8200
34920 Ridge Road, #100
Willoughy, OH
Firm
The Integrity Group
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Divorce Issues, Elder Care, Estate Planning, Insurance 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. Matt D'Arcy, CFP®
(440) 944-6288
32341 Vine St
Willowick, OH
Firm
Greybridge Financial Group

Data Provided by:
Mr. Scott J. Marn, CFP®
(855) 205-0829
7322 Center St
Mentor, OH
Firm
Benjamin F. Edwards and Co.

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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