Funding a New Business for Dummies
| Autor principal: | |
|---|---|
| Otros Autores: | |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Newark :
John Wiley & Sons, Incorporated
2024.
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| Edición: | 1st ed |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009811318006719 |
Tabla de Contenidos:
- Intro
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- About This Book
- Foolish Assumptions
- Icons Used in This Book
- Beyond the Book
- Where to Go from Here
- Part 1 Getting Started with New Business Funding
- Chapter 1 Learning About the Funding Ecosystem
- Understanding Funding Terms and Definitions
- Moving from Idea to Successful Execution
- The power of ideas to influence
- Pay attention to the research
- Determine who your ideal customer is
- Analyze industry trends
- Research your competition
- Analyze your customers
- Analyze your finances
- Prepare a business plan
- Take baby steps
- Why Do We Need Startup Funding?
- Fostering creative activity and economic development
- Getting past the startup stage
- Covering operational costs and expenses
- Bringing in the best possible talent
- Adjusting to variations in the market
- Making course corrections when necessary
- Creating a reputation of credibility
- Reducing the danger
- How Startup Funding Has Evolved
- Venture capital
- Crowdfunding
- Angel investors
- Incubators and accelerators
- Examples of Startup Funding that Worked
- Airbnb
- Stripe
- Beyond Meat
- Chapter 2 Finding the Funds You Need
- Different Business Stages Have Different Funding Needs
- The concept stage
- The initial stage
- Funding sources
- What investors are looking for
- The growth stage
- The expansion stage
- The exit stage
- Aligning Your Financial Needs with Your Business Objectives
- Establish your business goals
- Make a financial needs analysis
- Startup costs
- Operational costs
- Working capital
- Growth capital
- Contingency funds
- Match funding sources with goals
- A financial road map
- Milestones
- Funding rounds
- Budgets
- Contingency plans
- Evaluating the Capital Needed for Each Business Function.
- Product development
- Advertising and client acquisition
- Facilities and business operations
- Talent identification and workplace culture
- Regulatory and legal compliance
- Have an emergency fund
- Scaling and expansion
- Analytics and reporting
- Balance-Required Funding versus Nice-to-Have Funding
- Nice-to-have funding: The road to innovation and growth
- Getting the balance right
- Timing is important
- Chapter 3 Getting Your Finances in Good Order
- Creating a Compelling Business Case and Pitch Deck
- The business case
- A succinct summary
- Issue and resolution
- Market research
- Your sales and marketing plan
- Offering value to the client
- Your business strategy
- Talk about your team
- Financial projections
- Funding demand
- Timeline and milestones
- The pitch deck
- Cover slide
- Problem proposition
- The solution you provide
- The market potential
- Milestones and progress
- Your revenue strategy
- Your unique value proposition
- Your team
- Financial projections
- Request and financial use
- Final thoughts and a call to action
- The five guides to success
- Building Detailed P&
- L Scenarios
- The elements of a P&
- L
- Developing complete P&
- L scenarios
- Sales forecasts
- Your projections of costs and expenses
- Sensitization evaluation
- Flow of cash projections
- Worst-case suppositions
- How you'll spend the money you receive
- A financial model's function
- Accepting realism
- Always evaluate and update as needed
- Sample P&
- L Excel Templates Just for You
- Part 2 Exploring Funding Options
- Chapter 4 Bootstrapping: Starting with What You Have
- What Is Bootstrapping?
- Responsible growth
- Streamlined and efficient operations
- Lower risk profile
- Going beyond personal resources
- In pursuit of profitability
- Staying adaptable.
- Advantages and Disadvantages of Bootstrapping
- Advantages
- Independence and control
- Learning opportunities
- Lower (but not zero) risk
- Encourages long-term thinking
- The inevitable disadvantages
- Limited financial resources
- Growth that's not as fast as you want
- Wearing lots of hats
- Competitors may be better funded
- Financial shortfalls
- Limited expertise
- Creating Strategies for Minimizing Expenses
- Adopt a lean way of operating
- Minimize fixed costs
- Working from home
- Coworking spaces
- Be energy efficient
- Technology that is compatible with bootstrapping
- Open-source software
- Cloud computing
- Automation
- Engage in discussions and look for discounts
- Manage your cash flow well
- Use accounting software
- Make investing in your business your top priority
- Keep cash on hand
- Good Examples of Successful Bootstrapped Startups
- Basecamp
- Dell
- GoPro
- Meta
- Chapter 5 Tapping into Personal Funding Options
- Using Personal Savings, Credit, and Assets as Funding Sources
- Using your own reserves and savings
- Taking advantage of your own credit
- Using your own resources
- The sale of personal assets
- Retirement accounts
- Consider this
- Consider your current financial situation
- Make a budget for your startup
- Consult with a qualified expert
- Increase the variety of funding sources
- Preserve money set aside for emergencies
- Be a wise manager of your debt
- Think carefully about your equity in your home
- Be very careful with your retirement accounts
- Keep accurate records
- Observe and make changes
- Ensure that your expectations are realistic
- Ensure the safety of your private credit
- Strike a balance between risk and reward
- Look for help and guidance from others
- Knowing the Risks and Benefits of Using Personal Finances for Your Startup
- The bad.
- Exposure to financial risk
- A reduction in financial safety
- Debt with a high-interest rate
- A threat to your assets
- More stress and pressure
- Stressed personal relationships
- The good
- Autonomy while maintaining control
- Direct obtainability of financial resources
- There is no dilution of equity
- A more adaptable allocation system
- Keeping Your Personal Finances and Credit in Order
- Here's your road map
- Risk mitigation techniques
- Thorough financial planning
- Emotional and financial readiness
- Framework makes the finances work
- Maintain a separate financial entity
- Grow and replenish your financial resources
- Regularly monitor credit reports
- Administer debt effectively
- Diversify your sources
- Consult with experts in the financial industry
- Chapter 6 Borrowing Money: Debt Funding Basics
- Understanding What Debt Funding Is . . . and Isn't
- Debt Funding 101
- Different forms of debt funding
- Traditional bank loans
- Credit lines
- Bonds
- Promissory notes
- Peer-to-peer lending
- Getting the Lay of the Land
- The good news
- You maintain your ownership
- Tax deductions
- Predictable repayment terms
- No dilution of equity
- Creates a record of credit history
- The bad news
- The responsibility to make repayments
- The costs of interest
- Conditions of collateralization
- The risk of mediocre credit
- The consistent timetable
- Knowing the Types of Debt Funding Options
- Traditional bank financing
- Loans from the U.S. Small Business Administration
- Alternative lending options
- Financing for machines and equipment
- Personal credit options
- Understanding Interest Rates and Repayment Terms
- What are interest rates, anyway?
- Interest rates that never change
- Variable interest rates
- The annual percentage rate
- The prime rate
- Repayment terms.
- The duration, better known as the term
- The amount that must be paid
- Plan for amortization of debt
- Managing Debt Responsibly
- Personal guarantees: No good, very bad
- Keep your financial condition in good shape
- Establish a liquidity buffer
- Establish precise objectives
- Create a payment strategy
- Increase the variety of your funding sources
- Make investments in order to decrease your debt
- Conduct frequent audits of your debt portfolio
- Create an effective business strategy
- Make a deal that is favorable to you
- Be vigilant about the debt-to-equity ratio
- Mitigate the risk
- Change up your financing
- Examining your loan agreements often
- Seek professional advice
- Stay up to date on regulations
- Chapter 7 Sharing the Pie: Equity Funding Explained
- What's Equity Funding, Anyway?
- Ownership share
- Equity investors
- Exit strategy
- Valuation
- What Equity Funding Means for You
- The founders' share
- Getting on the fast track
- A long-standing business wants to grow
- The IPO
- The moral of our story
- Prospecting for Equity Funding Sources
- Guardian angels
- The advantages
- The disadvantages
- Where to find angel investors
- Approaching angel investors
- Matchmaking tips
- Venture higher
- What are the advantages?
- Disadvantages of venture capitalists
- How to find venture capitalists
- Connection advice
- Work the crowd
- The good things
- The not-so-good
- Effective platforms for crowdfunding
- How to crowdfund successfully
- Understanding Startup Valuation and Dilution
- Market valuation
- Discounted cash flow (DCF) analysis
- Retain control
- Go preferred
- Seek experienced advisors
- Part 3 Navigating the Funding Landscape
- Chapter 8 Finding Free Money: Grants and Subsidies
- All About Grants, Subsidies, and Government Programs
- Grants
- The good stuff.
- The challenges to overcome.
