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Financing a Business

The Right Funding for Your Business Type

Venture Capital You probably know who you are because you’ve been there already. Venture capital firms want repeat entrepreneurs. They want plans with huge growth rates, in high-growth industries — usually high-tech as well as high-growth. They want excellent management teams with proven track records. And they want plans needing multiple millions of pounds. They [...]

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Break-even analysis

The Break-even Analysis lets you determine what you need to sell, monthly or annually, to cover your costs of doing business—your break-even point. Illustration 1 shows the Break-even Analysis table from Business Plan Pro. Illustration 1: Break-even analysis The Break-even Analysis table calculates a break-even point based on fixed costs, variable costs per unit of [...]

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Securing Angel Investors

You should probably focus your search on so-called “angel” investors, not loans, and not the mainstream venture capitalists. Angel investors are a wide range of different investors, not as formally established as venture capitalist firms, and not as homogenous a group either. An angel investor might be a successful business person, a wealthy individual, a [...]

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Bank Loans

Finish your business plan. You need a plan for, at least, two obvious reasons: to help you estimate how much money you need; and to communicate with your banker. Call your bank. You probably already have a business banker or relationship manager, you have security, and the plan. Talk to your banker. Ask about terms, [...]

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Friends and Family Funding

If I could make only one point with budding entrepreneurs, it would be that you should know what money you need, and understand that it is at risk. Don’t bet money you can’t afford to lose. Know how much you are betting. I’ll always remember a talk I had with a man who had spent [...]

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Investment Filter Process

Learning from a business plan being declined You’ve developed a plan and submitted it to investors. You’re comfortable with the plan and the submissions process. Several investors have declined. Now what? The investment process works as a filter, sorting business plans, pushing some to the top and others out of the way. This filtering process [...]

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Tax planning in a loss situation

As you develop your business plan, you’ll need to estimate the taxes you will owe. Simple assumption For planning purposes these are based on simple mathematics. Your estimated tax (usually in the profit and loss) is the product of multiplying pre-tax profits by your anticipated tax rate. This simple, powerful estimator is excellent in most [...]

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Funding Tips

Secure investment with business planning Obtaining funding should start with a solid business plan. If you write a convincing business plan then your chances of obtaining funding are greatly enhanced. There is still plenty of venture capital available despite the demise of so many dot-com enterprises. Lenders and investors want to see proof that customers [...]

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Finance Options for Purchasing a Small Business

Securing funds to buy a small business Purchasing an existing small business may be a good way to fulfill dreams of being your own boss. But where does the money come from to purchase it? The best way to have access to funds is to have security. Equity in a home is often one of [...]

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