Surprising Tool To Help You Securing Funds To Start Business PRESENTED BY
Philip Marks
Hello, Everyone! I'm
Philip Marks I'm a proven track record of success in Business Management, Marketing Planning, Sales Forecasting & KPIs, Developing and Leading cross-functional teams, Profit Optimization, and Customer Relationship Development & Retention. Capable of defining business mission and integrating resource strengths to deliver impeccable performances.
These days difficult economic times, a lot of potentially successful business ideas by aspiring entrepreneurs are either cancelled, put to hold or worst, never made possible not because they did not want to but because they never had a chance to secure funds to start their business. There are various ways for you to secure the necessary capital that your business you just have to think out of the box, prepare and do a lot of research if you are determined to turn your business idea into reality.
Philip Marks
01
Personal Savings
02
Government Initiatives
Common
03
Release Equity in Your Home
Sources
04
Buying on Credit
05
Leasing
5
of Money
Philip Marks
When you think you are ready to start your business, the key is to "keep an eye on your money'. What that means is before you get all hyped and spend a huge sum of your hard-earned money, understand that you will need time to learn if your business is viable or not as it can be a mistake to pour in too much money at the beginning. It is a fact that several small businesses have failed because they raised and spent a pile of money for an untested business.
Philip Marks
A good way to plan for your business is to make an accurate business plan; a well-made business plan will be your prediction tool and will protect your business from start-up to even 3 to 5 years from now.
Philip Marks
The 7 keys to Funding Your Own Business
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Character Can you be investible or are you worth the investment? Do you give the impression you will make your plans a reality?. You have to make sure that you considered everything, you have everything planned out and you will be reliable enough.
Philip Marks
You may have the plan but not the money. But another factor that investors will look at is if you and your people have the right skills to make
Ability
this plan possible. Are you experienced enough or do you have the potential to do what is stated in the plan?
Philip Marks
Midpoints - What are the business's assets and your assets? You must particularly specify what assets are owned by the business as they can be used as collateral for your loans.
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Purpose - You then have to specify what is the purpose of the loan? Is it for a sensible cash-generating plan? Few lenders will lend money to pay debts or to give yourself a nice pay rise.
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Amount - How much will you need? Your business plan will show you a projected amount so that you will be able to identify the right amount of money needed. What funds will you put in to reduce the lender's risk? Explain the business carefully, it is important to explain the risks, the threats and how you will be able to manage and reduce the risks for the business
Philip Marks
Repayment - Prove you will be able to repay the money with a realistic cash flow forecast. Such as how much you will pay, either monthly, by quarter, semi-annually or annually. Identifying and calculating the costs of different payment methods will help you choose the right repayment method and also ensure great income for you & the business.
Philip Marks
Insurance - Investors and lenders are wary of under-insured businesses. An uninsured loss could destroy you, your credibility and your ability to avail of future loans after all.
Philip Marks
Understanding these factors Share by Philip Marks and taking them well into consideration by preparing will give you a better chance at being able to secure funds not only for the start but for the future of your business. There are various ways to secure funds but always remember that it is advisable to start small from your savings, prove the model. In business, an entrepreneur takes risks but a successful entrepreneur invests and risks wisely.
Philip Marks
Present By Philip Marks