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..
Apartment Financing
What is the difference between apartment financing and apartment lending?
The two terms sound suspiciously similar.
Obviously the most intelligent people know the difference between apartment financing and apartment lending, so why don't you? I will tell you why, because there is little if any difference between the two.
Financing and lending are, for all intents and purposes, the same thing.
When a business person is looking to secure financing for an apartment loan, he is essentially looking for apartment financing.
That is to say, he is looking for a lender that is willing to float him an apartment loan, or in simple terms lend him the money, for the income property he is interested in purchasing.
Lending and financing are just not that different.
So why are there two terms to describe the...
Apartment Financing
Financing > Apartment Financing
Free Seven-Part Series of Special Reports About Commercial Financing Offered by AEX Commercial Financing Group, LLC
Leesburg OH (ContentDesk) June 12, 2006 -- AEX Commercial Financing Group, LLC today announced that it is offering a free seven-part series of Special Reports about Commercial Financing. This series is designed to help commercial borrowers throughout the United States obtain appropriate terms for commercial financing. The series will especially benefit small or mid-sized business owners who need commercial financing solutions involving low credit scores, bankruptcy, foreclosure, business losses, negative net worth, tax liens and a need to obtain commercial financing very quickly. Part one of the series is entitled The Top 5 Reasons that Banks Decline Commercial Mortgage Applications . Some of the other topics of the seven-part course include under-utilized commercial financing strategies, how to overcome negative issues such as low credit scores and business losses, and how to obtain commercial financing within 15 days or less.
Those interested in enrolling can do so on the websites...
Free Seven-Part Series of Special Reports About Commercial Financing Offered by AEX Commercial Financing Group, LLC
Financing > Free Seven-Part Series of Special Reports About Commercial Financing Offered by AEX Commercial Financing Group, LLC
RealWebFunds Secures $3,350,000 Investment Property Financing For Strip Retail Center
(ContentDesk) August 15, 2005 -- Christy Slye, a mortgage broker with RealWebFunds Commercial Mortgage, has announced that the firm recently closed a $3,250,000 commercial mortgage financing for the Baywood Center strip retail property in Longwood, FL, a suburb of Orlando. The 38,250 s.f shopping center has been recently renovated to withstand the region's hurricanes. The plaza is 95% occupied with 20 tenants. The purpose of this commercial loan was to refinance into long term fixed rate financing with cash-out and a lower interest rate. The borrower who invests in commercial real estate and manages other commercial buildings chose to finance two investment properties with the same small balance conduit lender.A commercial conduit lender provided a commercial mortgage with a 10 year fixed rate at 5.27% with a 30-year amortization schedule.
The borrower chose to take advantage of the free early rate lock for this par priced, fixed cost loan. The loan closed within 51 days of application...
RealWebFunds Secures $3,350,000 Investment Property Financing For Strip Retail Center
Financing > RealWebFunds Secures $3,350,000 Investment Property Financing For Strip Retail Center
Getthefunding.net Lends Innovative Creative Financing Solutions for Commrecial Real Estate Investors
Lake Forest, CA (ContentDesk) March 26, 2006 -- Ellis Dandy, Real Estate Financing Consultant of GettheFunding.net unearths creative solutions for avid investors who dont fit into the general lending guidelines of traditional banks. Business owners and investors frequently need financing resources that are innovative and tailored to their individual projects. Each project is unique with its own challenges and hurdles and more and more, creative financing or out of the box financing is pivotal for todays investor, states Dandy.Getthefunding.net aims to be the one stop shop for investors as they understand the challenges and hurdles associated with securing financing for the various types of Commercial Real Estate.
Many clients will achieve their ultimate goals in securing funding since Getthefunding.net brings over twenty-five years of expertise in cutting edge strategists to the serious investor. The launch of Getthefunding.net is an exciting endeavor, says Dandy.
Financing > Getthefunding.net Lends Innovative Creative Financing Solutions for Commrecial Real Estate Investors
Getthefunding.net Lends Innovative Creative Financing Solutions for Commrecial Real Estate Investors
Lake Forest, CA (ContentDesk) March 26, 2006 -- Ellis Dandy, Real Estate Financing Consultant of GettheFunding.net unearths creative solutions for avid investors who dont fit into the general lending guidelines of traditional banks. Business owners and investors frequently need financing resources that are innovative and tailored to their individual projects. Each project is unique with its own challenges and hurdles and more and more, creative financing or out of the box financing is pivotal for todays investor, states Dandy.Getthefunding.net aims to be the one stop shop for investors as they understand the challenges and hurdles associated with securing financing for the various types of Commercial Real Estate.
Many clients will achieve their ultimate goals in securing funding since Getthefunding.net brings over twenty-five years of expertise in cutting edge strategists to the serious investor. The launch of Getthefunding.net is an exciting endeavor, says Dandy.
Financing > Getthefunding.net Lends Innovative Creative Financing Solutions for Commrecial Real Estate Investors
Hubspan Secures $13 Million in Venture Capital Financing Financing to Fuel Market Expansion and Sales and Marketing Activities
FOR RELEASE: 8 a.m. Eastern, October 14th, 2005SEATTLE, Wash (ContentDesk) October 15, 2005 -- Hubspan, Inc., a leading provider of managed services for cost-effective, scalable business-to-business integration, today announced that it has closed a $13 million round of funding. BA Venture Partners led the financing round with additional support from SeaPoint Ventures, Intel Capital, and Hunt Ventures. The funds are earmarked for the companys expansion into international markets, as well as key sales and marketing initiatives. Additionally, Rory ODriscoll, managing director at BA Venture Partners, will join the companys board of directors. BA Venture Partners believes that Hubspan leads the emerging category of on-demand enterprise integration by providing a service that is more flexible than legacy electronic data integration (EDI) and cheaper than licensed software based offerings, said Rory ODriscoll, managing director at BA Venture Partners.The companys Hubspan Business Network...
Hubspan Secures $13 Million in Venture Capital Financing Financing to Fuel Market Expansion and Sales and Marketing Activities
Financing > Hubspan Secures $13 Million in Venture Capital Financing Financing to Fuel Market Expansion and Sales and Marketing Activities
Latex Allergy
An increasing number of Americans are becoming allergic to latex, a natural substance derived from the milky sap of the rubber tree. Found in Africa, latex is used to make a variety of products, including rubber gloves, balloons, tires, condoms and diaphragms, and elastic bands. They may also be found in healthcare products, such as catheters, intravenous tubing, dressings, stethoscopes, syringes, and bandages. Many of these products cannot be avoided by both the consumer and the healthcare worker,...
Financing
Financing > Latex Allergy
Knowing the Four C's for Your Diamond Earring
When selecting a diamond earring set, it is important to have an understanding of the 4 C's. But what are the four C's and what in the world do they actually mean? Here is a brief explanation of clarity, cut, color, carat weight and what they mean when you are picking out diamond earrings or other diamond jewelry (i.e. a diamond...
diamond Financing
Financing > Knowing the Four C's for Your Diamond Earring
Financing New Book Offers Real World Guide to Financing Small Businesses potty training
skirts Financing New Book Offers Real World Guide to Financing Small Businesses