New Book Offers Real World Guide to Financing Small Businesses
Lack of preparation and poor presentation are the most common errors committed by entrepreneurs looking for capital to fund their companies, according to James Burk and Richard Lehmann, two nationwide lecturers who have spoken to more than 20,000 entrepreneurs, and who have now poured their research and experience into the newly released book "Financing Your Small Business."Burk and Lehmann, attorneys for the Washington, D.C.-based firm of Burk & Reedy, work closely with their clients to prepare them to raise capital from a variety of sources.
Burk said that three of the most common mistakes he has discovered entrepreneurs make include:1)Preparation ? Many go into a meeting or presentation unprepared to answer the tough questions about their ventures, or without key information important to sophisticated investors. Entrepreneurs should carefully research their markets, their competition and their revenue model and projections before going on the firing line.2)Presentation ? Spin is not the answer to tough questions. Accentuating the positive and omitting the negative is a common practice among entrepreneurs, but it is not effective. Investors who listen to venture presentations regularly can smell it when a presenter is hiding something.
Don't do it ? present your whole business plan, blemishes and challenges honestly.3)Narrowcast ? In today's marketplace, there are many more options than simply debt financing or common stock. Many companies today are funded through private loans, revenue sharing with investors, offering common or preferred stock, joint ventures and strategic partnerships. "Most entrepreneurs have not made a presentation in front of a crowd before," Lehmann said. "One of the biggest mistakes is trying to get too much information on the power point slides. Visually, investors can't see it, and so it makes it difficult for them to comprehend.
Prioritize the information, so they can walk away with a good taste in their mouths and wanting to taste more?"Lehmann said the difference between this book and others written about small business financing is that he and Burk help prepare businesses to raise capital on a daily basis."This is our job," he said. "We don't just sit back and dole out advice. We live it, because this is how we make our living. We've spoken around the country over the last 15 years to more than 20,000 entrepreneurs at conferences and seminars, and we've listened to what they have to say. When it comes to financing, this book is absolutely where the rubber meets the road."About James Burk and Richard Lehmann:James Burk and Richard Lehmann are attorneys with the law firm of Burk & Reedy, LLP.
They specialize in corporate formation and planning for corporations, limited liability companies, partnerships and non-profits; corporate law including contracts, mergers, acquisitions, venture capital financings, tax, asset protection and estate planning, securities and franchise law.
About the Book:James Burk and Richard Lehmann have co-authored the self-help legal guide entitled "Financing Your Small Business," which is published by Sphinx Legal Publishing, a division of Sourcebooks Publishing.
The book is available at Barnes & Noble and Borders bookstores or online at www.amazon.com and www.barnesandnoble.com.
You may also order a signed copy directly from the authors by visiting their website www.burkreedy.com and downloading an order form.For additional information or to obtain an order form, please visit their website www.burkreedy.com or contact them directly: Burk & Reedy, LLP, 1818 N Street, NW, 7th floor, Washington, DC 20036.
Phone: 202.204.5000.
Email: e-mail protected from spam bots or e-mail protected from spam bots..
Leasingsecrets.com and Westover Financial, Inc. Strategic Alliance Solves Common Equipment Leasing and Financing Problems
(ContentDesk) June 30, 2004 -- Leasingsecrets.com and Westover Financial, Inc. announced that they have formalized a strategic marketing alliance. This joint venture will provide solutions to many of the common problems encountered by small and medium sized businesses when they need to finance or lease equipment.Westover Financial, Inc. headquartered in Santa Ana, California was founded in 1984 and has branch offices in Los Angeles, San Francisco, Denver and Tampa. They will be able to offer the customers of Leasingsecrets.com, a division of Equipment Funding Resources, a wide variety of lending sources previously unavailable.Leasingsecrets.com, an equipment leasing publications website, publishes "how to" guides for business owners and decision makers.
These guides are thorough, step by step, tutorials on how to work through the sometimes confusing process of obtaining equipment financing and leasing..
Leasingsecrets.com and Westover Financial, Inc. Strategic Alliance Solves Common Equipment Leasing and Financing Problems
Financing > Leasingsecrets.com and Westover Financial, Inc. Strategic Alliance Solves Common Equipment Leasing and Financing Problems
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Steps to Buying a Used Car With Confidence
(ARA) - Industry statistics show that almost three times as many people buy used cars as buy new. To help consumers make informed decisions in the process, the experts at CarMax, America's leading used car retailer, have put together a basic list of the things to check when buying a used car. 1. Check the vehicle's safety features. Consider a vehicle with air bags and anti-lock brakes.
Not only will they make a car safer, but insurance companies sometimes give discounts on their rates for...
Steps to Buying a Used Car With Confidence
Financing > Steps to Buying a Used Car With Confidence
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A Look at Rustic Home Furnishings
The word ?rustic' triggers an image of a rugged, bold, hearty personality. This applies to home furnishing and furniture as well. One can find rustic furnishings in a country house, a hunting lodge or a cabin in the woods.
These are mostly handcrafted out of authentic materials like wood, cane, or wrought iron. Rustic furniture is heavy, rugged and solid.
Genuine rustic furniture is expensive because of the high price of such materials as hard wood, plush cushioning and...
childrens furniture
Financing > A Look at Rustic Home Furnishings