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You are here: Home > Business > Strategic Planning > Funding Source's, What to Look For When On the Hunt, and How To Present |
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Article Check - Funding Source's, What to Look For When On the Hunt, and How To Present
Measure and Control Human Resources Performance few things when you go to a Venture Capitalist:The business success is about taking right people to the right place on right time. So what is the problem? Actually, if you need to manage not one, but five employees or better five groups of employees, then you face the problem of measuring and control. It's hard to tell whether one group is performing better or not, it becoming hard to compare one employees success against other one, it's hard to see the unique features of people. So what the solution is? The key metrics and key indicators, which will tell you how to manage your stuff right.There are two approaches I suggest to take into account when thinking about human resources (HR) at your company. First, you can think in terms of process, second you can think it terms of how do employees affect the whole business.The processes of wor 1. Has the person/group invested in companies in your industry? Smart Thinking Techniques - Creative Idea Generation Now that you have written your business plan, have your preliminary financial data in place, you need money to make it happen.In dealing with problems, we need to make decisions. When faced with a situation that warrants a response, we put on our thinking cap. We depend on our thinking skills. Few of us are fully aware of the need to stop and reflect on the situation. We tend to follow the easiest and least resistant thinking path. This is not necessarily always the best response. With smart thinking techniques you will be in a position to respond more effectively to each situation.Define the problemWhen you visit your General Practitioner (Medical Doctor) , because you are having fever, cough and sore throat. To you these are problems you would like to get rid. However, to the Doctor, these are symptoms and he is interested in pinpointing the real problem. Through her questioning skills, How do you find that money? If you have saved up some, you can use that, or you can go to friends and family and get some money from them, if they support your concept and think you can do it. (F/F/P phase) There are two other sources to go to as well, Angels or Venture Capitalist. An Angel is a person or group that typically gives a startup up idea from $25K to as much as $1M (that much is typically an Angel Group) to begin developing the Proof of Concept or the product itself. You should go to an Angel Funding Source if you need less than $1M, and typically less than $500K, to get your product built, or if your plan requires a Proof of Concept, the Proof of Concept built. If you go to an Angel or Angel Group you need to look at some factors before starting to talk to them. Do some research and find out: 1. What the person/group you are interested in asking money from typically invests their money in. It is the recommendation of TDBell Enterprises, Inc., that you work with your Angel Investors as an Equity Play, meaning they get a small portion of your company for the money they invest. We do not recommend that you use the money as a loan. A Venture Capitalist is typically a person or company that has gone to from one to many people, companies, retirement funds or other large pools of money and created a Venture Fund that is geared to one or more industries/products/services. These funds typically finance a company from $500K to over $200M, taking stock in the company as "collateral". Like going to the Angel Investors, you need to look at a few things when you go to a Venture Capitalist: 1. Has the person/group invested in companies in your industry? Starting An RV Park Business In Charlotte uct itself. You should go to an Angel Funding Source if you need less than $1M, and typically less than $500K, to get your product built, or if your plan requires a Proof of Concept, the Proof of Concept built.Charlotte, because of its massive commercial and industrial progression, has led an era where mobile homes seem a norm. The result is a section that has neither the time nor the desire to build homes and focus their attention on this aspect of living. A by-product of this transition is the increasing requirement of other related services like RV parks. Starting from a small segment, the present growth rate in this field has led to a phase where an RV park business is in itself an organized sector with promising growth.Stepping into this business in Charlotte is not a very hard decision to make, but starting up certainly demands that a few crucial aspects be considered in detail. Like all starters, the interested parties begin with obvious considerations like location, financial inputs, designing, a If you go to an Angel or Angel Group you need to look at some factors before starting to talk to them. Do some research and find out: 1. What the person/group you are interested in asking money from typically invests their money in. It is the recommendation of TDBell Enterprises, Inc., that you work with your Angel Investors as an Equity Play, meaning they get a small portion of your company for the money they invest. We do not recommend that you use the money as a loan. A Venture Capitalist is typically a person or company that has gone to from one to many people, companies, retirement funds or other large pools of money and created a Venture Fund that is geared to one or more industries/products/services. These funds typically finance a company from $500K to over $200M, taking stock in the company as "collateral". Like going to the Angel Investors, you need to look at a few things when you go to a Venture Capitalist: 1. Has the person/group invested in companies in your industry? Organizing Receipts - 4 Easy Ways to Stay on Top ne.1. Keep the same routine. Whether you put them in a Ziploc bag in the glove compartment and retrieve them every week or put them in your wallet, always follow the same routine.2. Schedule a regular time to input your receipts. Whether it’s weekly or monthly or if your accountant inputs your receipts, make sure that it’s done on a regular basis. If you get behind, it’s more likely that it’ll get put off longer.3. Keep a filing system that makes sense to you. Some options are: chronological, alphabetical or even a combination of the two. If it's easier, label some hanging folders with a few main topics, like purchases, tax remittances, and bank statements. After a month or so, depending on how full it gets, empty the folders and refile papers into specific files that are further back or in ano 4. If they have contacts with people that may be interested in providing more money should the need arise. 5. If they have contacts that may want to use your product/services. 6. How much control/hands on activity they want to have with your company. (Do they want to sit on your Board of Directors or Board of Advisors, do they have any say on how the money is spent within the company?) 7. And if you are going for a lot more money in the near future, if they work with or know any Venture Capitalist that like your industry/product type. It is the recommendation of TDBell Enterprises, Inc., that you work with your Angel Investors as an Equity Play, meaning they get a small portion of your company for the money they invest. We do not recommend that you use the money as a loan. A Venture Capitalist is typically a person or company that has gone to from one to many people, companies, retirement funds or other large pools of money and created a Venture Fund that is geared to one or more industries/products/services. These funds typically finance a company from $500K to over $200M, taking stock in the company as "collateral". Like going to the Angel Investors, you need to look at a few things when you go to a Venture Capitalist: 1. Has the person/group invested in companies in your industry? Gravitational Marketing for Small Businesses - Eleventh Law: Your Most Valuable Asset , Inc., that you work with your Angel Investors as an Equity Play, meaning they get a small portion of your company for the money they invest. We do not recommend that you use the money as a loan.The most valuable asset a small business and independent sales professional has is not their car, their office or the staff – it's the database of customers and prospects.Here's a tid-bit of confidential information you need to know.The easiest and cheapest people to sell to are your past customers. Your past customers are your quickest source of cash. They are the low hanging fruit.Whether it's selling them again on the same product or service or upgrading their current level of service with you, cross selling them on something new or helping one of their friends or family members, your past customers can provide instant new business.The key to harnessing the power of your past customers is to capture their information and keep it updated and organized.The problem is th A Venture Capitalist is typically a person or company that has gone to from one to many people, companies, retirement funds or other large pools of money and created a Venture Fund that is geared to one or more industries/products/services. These funds typically finance a company from $500K to over $200M, taking stock in the company as "collateral". Like going to the Angel Investors, you need to look at a few things when you go to a Venture Capitalist: 1. Has the person/group invested in companies in your industry? Realising Improvement & Transforming Perceptions few things when you go to a Venture Capitalist:An organisation’s competitive advantage and therefore achieve long-term success is driven by two key factors: The efficiency and effectiveness of their processes to deliver quality products and / or services The quality of their risk management, enabling them to avoid events and outcomes that damage the image or stability of the business and managing the upside risks to realise opportunitiesMany organisations, when driving a business improvement programme, forget about the management of associated risks, or when implementing risk management do not realise the impact of the controls they put in place on the efficiency of their operations. It also needs to be recognised that both achieving process improvement and managing risk are, to some extent, dependant on factors 1. Has the person/group invested in companies in your industry? After you have looked at the available Angels that you can find, the available Venture Capitalist you can find, you need to decide which path is the best way to go for your company and your "style". If you are confident that you will need Venture Capital level funding, after you narrow your search down to the Venture Capitalist you are going to target, and have answered the above 8 (and a few more I’m sure) questions, you need to decide if you need to go to an Angel first. At this point you start fine tuning your financial section to meet the needs of the Investor you are going to approach. The over all business plan stays the same through this process (unless you are fine tuning it to meet development/production needs due to feedback, etc.). The only part of the business plan that changes is the Financial Section(s) and that changes based on the target Investors. You already have in your plan the steps to go live and to go to revenue. You have your milestones written down, etc, in the plan, and you have "line items" in the financial section that correspond. Example: You are going to create a software/hardware intensive service product that requires FCC approval of the Concept. To create the Proof of Concept to meet the FCC needs, you need $750,000, but to go to revenue you will need roughly $35M (which includes the $750K). You are able to get a Friends/Family/Personal Pockets (F/F/P) round up of $150K. Your research shows that the available list of Venture Capitalist out there that would fund this project require you to have your FCC permits in place, a working model of your service product in place, and 1 solid customer ready to pay for your services once you are able to build out. In this example you would need to go to one or more Angel Investors to help you reach the remaining $600K to get your prototype up and running to do the testing that will satisfy the FCC. You would want to find an Angel or Angel Group that allows for future rounds of Venture Capitalist backed funding. This group would hopefully be willing to add a bit more in if needed to go past any "gotcha's" that may crop up as you answer the FCC requirements. Now that you know you are going to an Angel or Angels you rewrite
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