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How to Get Financing For Your New Small Business by Sharon Fullen
| Guest post by: Nikki Leigh |
Article Overview: In good financial times it can be hard to secure financing for a new small business. So, getting financing in these tough and uncertain economic times are even harder. That's a reason why you need to know about this book.
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Free Download - The Digital Diet by Daniel Sieberg By Nikki Leigh |
How to Get Financing For Your New Small Business by Sharon Fullen
We all know that a business can be run in the ground by bad management, poor planning, a downturn in the economy and many other reasons. But improper financial planning is the #2 reason that businesses fail - that is why this book is a valuable resource. Far too many people plan to open or expand a business and incorrectly calculate how much money they will need. Having sufficient money available is critical in being successful.
Compiling a thorough and accurate financial statement is one key. Another key is having a thorough and complete business plan. Both of these items enable you to launch or expand the business with a solid plan and sufficient financing and it allows the lending institution to make the best loan to you and also to give you the best feedback for your situation.
This book delves into some of the more creative financing options - and in these times, it doesn't hurt to get creative when you look for financing.
Some of the topics covered in this book include:
Chapter 1 - Learning Your Money Formula
Chapter 2 - The Money is Out There
Chapter 3 - Your Business Plan
Chapter 4 - Investing in Your Own Dream
Chapter 5 - Neither a Borrower Nor a Lender Be
Chapter 6 - Your Loan Proposal
Chapter 7 - Valuation of Your Business
Chapter 8 - Debt Financing Versus Equity Financing
Chapter 9 - Uncle Sam Helps Out
Chapter 10 - Grants
Chapter 11 - Venture Capital
Chapter 12 - Investor Angels
Chapter 13 - Initial Public Openings
Chapter 14 - Direct Public Offerings
Chapter 15 - Strategic Alliances
Chapter 16 - Legal Considerations
Chapter 17 - The Pitch
Chapter 18 - Glossary
Chapter 19 - Resources
There are many unusual and creative financing options that are discussed in this book in detail. So - if you are looking for a very thorough book that walks you through the traditional and the more creative financing process for your business - this is the book for you. The resources section is also packed with all kinds of resources to get much more information to help you in search to get financing for your business. Like Chapter 2 says -- the money is out there, you just need the details on how to get it.
Note - This book was written several years ago and there are new programs -- however, this book will give you a great foundation to search for business financing and to better understand the process and to understand the terminology during the process.
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About the Author: Nikki Leigh RSS for Nikki's articles - Visit Nikki's website Nikki Leigh is also a certified Love Coach and works with single and married, men and women to help them understand themselves better and to improve their most personal relationships. For much more information, visit http://lovecoachjourney.com/goals/ and http://lovecoachjourney.com Click here to visit Nikki's website   Email Marketing for Complex Sales Cycles by Winton Churchill What the Best CEOs Know by Jeffrey Krames The Fearless Factor by Jacqueline Wales How to Sue A Telemarketer by Stephen Ostrow Esquire Passion Plan and Profit by Christy Strauch |
Related Forum Posts
re: restaurant start-up
- I'm not sure about government grants for restaurants, but my recommendation would be to approach a lender that offers loans under the Canadian Small Business Financing Loan program where the government will guarantee 85% of the loan. You can borrow up to $250,000 to finance equipment and renovations under this program. Restaurants are very risky business, however some of the Chartered Banks will look at restaurants if there is enough of an initial equity investment and you have a solid business plan (experienced management team, good concept and strategic location).
My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto.
3. PADI: The Business of Diving Book
Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
These maybe the coldest franchises out there:
- Here are the worst 15 performing franchises in regards to having the highest Small Business Administration (SBA) loan failure rates. The list is dotted with sub sandwich shops, fitness centers and car shops.
WORST FRANCHISE LOAN FAILURES Failure %
1 OBEE'S SOUP SALAD SUBS 55.56%
2 LADY OF AMERICA 41.94%
3 COUNTRY CLUTTER (BED & BREAKFAST) 41.18%
4 COPY CLUB 36.36%
5 ALL TUNE AND LUBE 35.71%
6 PICKERMAN'S 35.71%
7 PHILLY CONNECTION 35.59%
8 ROLY POLY ROLLED SANDWICHES 34.78%
9 COTTMAN TRANSMISSION 34.48%
10 HAIR COLOR EXPRESS 33.33%
11 LEE MYLES AUTOMOTIVE TRANSMISSIONS 33.33%
12 GODFATHER'S PIZZA 33.33%
13 SMOOTHIE FACTORY 33.33%
14 BLIMPIE 31.39%
15 GOLF U.S.A. (RETAIL GOLF EQUIP.) 30.77%
Source: Small Business Administration, SBA Loan Performance Within Franchise Code for the Period of FY 2001 - 2005
Exclusive: Interview with Results
- Hi Forum Members,
I'm helping start up a Business Coaching and Consulting company here in Toronto, Ontario, Canada (a Subsidiary of RSC Business in Los Angeles).
As a Research and Development Intern I am required to practice my listening and interview skills by surveying Small and Medium Businesses on thier Business.
This Survey is designed by RSC Business to also assist the Business being interviewed more insight into their own business.
I am looking to interview about 30 businesses across North America over the span of 3 months.
At the end of these interviews I will be publishing a report of the results and they will be made available for free to the Interviewees. The Report data will include responses from a minimum of 100 interviews.
I would like to extend this opportunity to members of the Forum.
If you would like to have this short 20-30 minute interview conducted on your Business and you reside in North America please send me an email or PM.
Please contact me at andy[at]jvprosperity[dot]com to arrange our interview and to get free access to the results when they are published.
Re: Biz Plan Competition
- i just wanted to say that posting Small Business Events on CanadaOne is a great resource. Thanks Julie!
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