Franchising is an all-American business model that has enabled tens of thousands of veterans to become small business. Join Stacy Swift, owner of FranNet Colorado and a franchise industry expert, to learn how to separate the myths from the facts. What is a franchise? What are the requirements? How do you find the “best” one for you?
By: Stacy Swift, FranNet
Building a Successful Money Management BusinessCale Smith
This document provides an overview of Cale Smith's presentation on building a successful money management business from the ground up. Cale is the founder of Islamorada Investment Management, a value investing firm with two funds. He discusses the stages of growing a one-man firm, focusing initially on putting up good numbers and serving investors. Cale also outlines his approach of creating "Spoke Funds", which are more transparent and affordable alternatives to traditional mutual funds and hedge funds. The presentation covers best practices and key tools for operations, compliance, marketing and growing assets in a sustainable way.
This document provides advice on financing small business growth through practical cash tactics. It discusses alternative sources of financing for small privately-owned businesses, including bootstrapping using personal savings and credit, friends and family loans, business operations like profits and accounts receivable, suppliers and customers through trade credit, and various government assistance programs. While these sources can provide needed capital, the document notes they may also carry substantial out-of-pocket and emotional costs for business owners. Effective management of cash flow, expenses, taxes, debt, and other financial operations is emphasized as a way to maximize resources and minimize costs.
Inside The Mind Of The Venture Capitalist: An Introduction to Venture CapitalJ. Skyler Fernandes
This document provides an introduction to venture capital from J. Skyler Fernandes, a VC at Centripetal Capital Partners. Fernandes explains that the purpose of the event is to openly answer questions from entrepreneurs and help them better understand the VC world. Fernandes states they will act as a "sherpa" to guide entrepreneurs. The document then discusses factors such as when entrepreneurs should seek VC funding, the different funding options available depending on company valuation, what VCs really invest in such as large market opportunities, and advice for pitching to VCs successfully.
Startup Equity Standards - A Guide for EmployeesMary Russell
Learn the three standards that define startup employee equity and three questions to ask to make sure you have the real thing.
1. Ownership - “Can the company take back my vested shares?”
2. Risk/Reward - “What information can you provide to help me evaluate the offer?”
3. Tax Benefits - “Is this equity designed for capital gains tax rates and tax deferral?”
The document describes the services provided by Vantage Point Advisors, an investment advisory firm. They offer a 5-step process to help clients achieve financial freedom that includes discovering goals, assessing finances, designing options, implementing recommendations, and ongoing monitoring. They provide holistic financial planning services including investment management, estate planning, tax planning, insurance reviews, and more. Fees are based on a percentage of assets under management with discounts for larger accounts.
Embrace Home Loans is a mortgage lender that has been in business for over 30 years. It has over 600 employees operating in 18 retail branch offices across 46 states. The company values investing in its employees through professional development opportunities and an atmosphere of appreciation, growth, and accountability. Embrace originated over $3.7 billion in loans in 2012 through a variety of mortgage products and is approved to service loans through government agencies like Fannie Mae and Freddie Mac. The company donates a portion of its profits to charitable causes and encourages employees to volunteer through a matching donation program.
Funding Options for Technology startupsAmit Ranjan
This document summarizes various funding options for tech startups, including bootstrapping, private equity, debt, angel investors, and venture capital. It discusses the lifecycle of startups from ideation to growth and exit options. Specific funding trends covered are the increasing popularity of debt over equity, lower average investment amounts, and the proliferation of angel investors and incubation centers in India to support early-stage startups. YCombinator is highlighted as a pre-seed funding model that takes a small equity stake in exchange for a short program and initial support.
Building a Successful Money Management BusinessCale Smith
This document provides an overview of Cale Smith's presentation on building a successful money management business from the ground up. Cale is the founder of Islamorada Investment Management, a value investing firm with two funds. He discusses the stages of growing a one-man firm, focusing initially on putting up good numbers and serving investors. Cale also outlines his approach of creating "Spoke Funds", which are more transparent and affordable alternatives to traditional mutual funds and hedge funds. The presentation covers best practices and key tools for operations, compliance, marketing and growing assets in a sustainable way.
This document provides advice on financing small business growth through practical cash tactics. It discusses alternative sources of financing for small privately-owned businesses, including bootstrapping using personal savings and credit, friends and family loans, business operations like profits and accounts receivable, suppliers and customers through trade credit, and various government assistance programs. While these sources can provide needed capital, the document notes they may also carry substantial out-of-pocket and emotional costs for business owners. Effective management of cash flow, expenses, taxes, debt, and other financial operations is emphasized as a way to maximize resources and minimize costs.
Inside The Mind Of The Venture Capitalist: An Introduction to Venture CapitalJ. Skyler Fernandes
This document provides an introduction to venture capital from J. Skyler Fernandes, a VC at Centripetal Capital Partners. Fernandes explains that the purpose of the event is to openly answer questions from entrepreneurs and help them better understand the VC world. Fernandes states they will act as a "sherpa" to guide entrepreneurs. The document then discusses factors such as when entrepreneurs should seek VC funding, the different funding options available depending on company valuation, what VCs really invest in such as large market opportunities, and advice for pitching to VCs successfully.
Startup Equity Standards - A Guide for EmployeesMary Russell
Learn the three standards that define startup employee equity and three questions to ask to make sure you have the real thing.
1. Ownership - “Can the company take back my vested shares?”
2. Risk/Reward - “What information can you provide to help me evaluate the offer?”
3. Tax Benefits - “Is this equity designed for capital gains tax rates and tax deferral?”
The document describes the services provided by Vantage Point Advisors, an investment advisory firm. They offer a 5-step process to help clients achieve financial freedom that includes discovering goals, assessing finances, designing options, implementing recommendations, and ongoing monitoring. They provide holistic financial planning services including investment management, estate planning, tax planning, insurance reviews, and more. Fees are based on a percentage of assets under management with discounts for larger accounts.
Embrace Home Loans is a mortgage lender that has been in business for over 30 years. It has over 600 employees operating in 18 retail branch offices across 46 states. The company values investing in its employees through professional development opportunities and an atmosphere of appreciation, growth, and accountability. Embrace originated over $3.7 billion in loans in 2012 through a variety of mortgage products and is approved to service loans through government agencies like Fannie Mae and Freddie Mac. The company donates a portion of its profits to charitable causes and encourages employees to volunteer through a matching donation program.
Funding Options for Technology startupsAmit Ranjan
This document summarizes various funding options for tech startups, including bootstrapping, private equity, debt, angel investors, and venture capital. It discusses the lifecycle of startups from ideation to growth and exit options. Specific funding trends covered are the increasing popularity of debt over equity, lower average investment amounts, and the proliferation of angel investors and incubation centers in India to support early-stage startups. YCombinator is highlighted as a pre-seed funding model that takes a small equity stake in exchange for a short program and initial support.
Introduction to Business Angel Investing'Tomi Davies
This presentation is Based on the book “Angel Investing - The Gust Guide to Making Money & Having Fun Investing In Startups” by David S. Rose @davidsrose CEO of Gust and Founder of New York Angels angelinvesting.com
It is for a Masterclass designed for practising and potential business angels who want to understand the basics of angel investing. It is a comprehensive guide that walks students through every step of the way to becoming a successful angel investor.
The class exposes students to fundamental strategies and specific tools required to take full advantage of this rapidly growing asset class, from building your reputation as a smart investor, to negotiating fair deals and adding value to your portfolio of companies through to helping them implement smart exit strategies.
Basics on the startup process, raising capital, and thinking about valuation, especially for first-time entrepreneurs. Read my article at VentureBeat for details on this slide deck:
http://venturebeat.com/2016/09/05/startup-fundraising-101-revisited/
Angel and Venture fundraising - A 360 perspectiveRavi Trivedi
This document provides an investor perspective on raising angel/seed funding for agribusiness startups. It discusses the types of startups that typically require funding, basics on venture capital and angel investing, the typical process of fundraising, and what investors look for in potential investments. The document covers key topics such as the stages of startup financing, differences between angel and venture investing, why investors provide funding and how they make money, common reasons startups fail, and details on term sheets, valuations, and deal structures.
Netwealth educational webinar - Unlocking the value in your financial plann...netwealthInvest
During our February 2017 webinar, Rob Jones from Peloton Partners shared his research and insights into how to successfully grow your financial planning business.
This document discusses various options for financing a start-up or company, including:
1. Private equity financing such as business angels and venture capital.
2. Debt financing through bank loans and negotiation tips.
3. Convertible loans as an alternative to traditional debt.
It also covers equity financing sources like friends/family/fools funding, grants, bootstrapping, and an overview of the Barcelona startup ecosystem and common reasons why companies fail.
Presentation on Angel Tax By Siddarth M Pai, Founding Partner, 3one4 CapitalInc42 Media
This document summarizes issues with Section 56(2)(viib) of the Indian Income Tax Act, known as the "Angel Tax". The section taxes capital receipts received by private companies in excess of fair market value. This has led to startups facing high tax burdens due to share premium being taxed. However, share premium is an outcome of valuation and math, not unaccounted funds. Additionally, allowing tax officers to substitute valuation methods creates uncertainty. As a result, early stage investments in India have declined significantly since the introduction of this policy. The recent DIPP circular provides some relief but does not go far enough to resolve the issues.
making syndicated angel investments is proven to lower the risk especially when making the first angel investment.
Bill Payne will share his wide experience on this fiels and give his best practices to find a balanced solution.
More information: www.fiban.org/billpayne
From the Ground Up: Building a Scalable Money Management BusinessesTearsheet
Zack Miller of NewRulesofInvesting.com was joined by Cale Smith of Islamorada Management to discuss an emerging model for asset managers.
Smith's model, the Spoke Fund, enables professionals to get off the ground quicker and cheaper than other alternative structures and seems to best align incentives of the manager and his clients.
Strongbrook Buy & Hold-Turnkey StrategyWilliam Moore
Generational Wealth Zone presents Strongbrook; A client based National Real Estate Investment Company that uses a turn-key approach to investing in Real Estate & Strongbrook Direct; A client acquisition referral network
Tax Planning for High Net Worth IndividualsAmy Goold
This document summarizes a presentation on tax planning for high net worth individuals. It discusses various strategies for profit extraction, capital gains tax planning, entrepreneurs' relief planning, inheritance tax planning, and income tax planning. Specific strategies mentioned include using dividends over salary for profit extraction, capital losses to offset gains, structuring share transfers to qualify for entrepreneurs' relief, and using trusts to transfer wealth and pay children's education costs in a tax efficient manner.
The document discusses early stage investing and provides tips. It emphasizes that investing is a process, not random, and involves following signals, diversifying portfolios for risk mitigation, and focusing on information asymmetry and valuation. Traction is more important than intellectual property with platforms driving changes. Wall Street and others already use data and analytics techniques that angels can also apply.
Angel investing is a great way to participate in the growing trend of entrepreneurship. Responsible investing is very important for the health of your portfolio and for your relationships with founders. Don't invest without understanding a few simple things. Equity investments are long term relationships. Investors must do their part to be good investment partners.
Taiwan Entry Pack: Creating Your Own Company11th Fleet
11th fleet is a Taiwan based consulting agency that help entrepreneurs think and operate globally. This deck is to show why one should invest in Taiwan and the benefits that Taiwan has to offer in terms of starting a company.
This PPT was originally presented as part of a business class at CSU and touches on the high level of value, its importance, and its application in the environment many younger entrepreneur's find themselves. Value is more than a multiple on revenues or income, it is dynamic, can be defended and improved when the underlying drivers are understood.
Raising Money for Your Startup: Why Fundraising is a Literary Process, Not Fi...Tearsheet
Given to a group of startup entrepreneurs at a local accelerator, this presentation is intended to provide a different -- maybe, contrarian -- viewpoint on the fundraising process.
Instead of learning finance next time you pitch an angel or VC, consider instead learning how to better tell stories.
Financing a new venture requires understanding the different funding options available and their pros and cons. Most startups need funding to cover costs before generating revenue from sales. Common sources of funding include personal savings, bootstrapping, bank loans, SBA loans, crowdfunding, angel investors, and venture capital. Proper preparation is key, including developing financial projections and statements to demonstrate the funding need and viability to potential investors or lenders.
The document outlines 10 "commandments" or rules for angel investing that are meant to help angel investors succeed. The rules include: investing for profit, investing in great teams with big ideas targeting large markets, properly valuing companies, performing due diligence, supporting portfolio companies, diversifying investments across a portfolio, knowing when to stop investing in failing companies, and providing mentoring beyond financial support. The document is from the Tech Coast Angels group, the largest angel investor network in the US, which has invested over $100 million in early-stage companies since 1997.
This document provides an overview of business ownership options, with a focus on franchising. It discusses why people choose to work for others rather than own their own business, and explores the risks and perceptions of risk around jobs and business ownership. The document outlines three options for business ownership: starting your own business, buying an existing business, or buying a franchise. It argues that franchising provides benefits like name recognition, proven systems, support and lower failure rates compared to other options. Common myths about franchising are debunked, such as the ideas that only certain industries franchise, or that franchises are automatically expensive or require industry experience. Overall benefits of franchising are summarized as using a proven approach to starting and staying in business with
Pursuing The American Dream....Owning Your Own Business Presentationjeffgoldb
This document provides an overview of small business acquisition. It discusses how many baby boomers will be looking to sell their businesses in the coming decade. It outlines the advantages of buying an existing business, such as having an established brand and customer base. The presentation then covers topics like common reasons owners sell, types of small businesses, valuation methods, and the typical 9-step process for acquiring a business, from personal assessment to closing the deal.
This document summarizes a presentation given to mortgage brokers about partnering with an insurance brokerage network. The key points are:
1) The insurance brokerage network is expanding in western Canada and offers additional commission opportunities for mortgage brokers by selling insurance products to their clients.
2) Mortgage brokers are currently required to offer "mortgage insurance" but the options are limited; working with this network would allow brokers to offer better insurance products and earn $500-$1000 more per mortgage deal.
3) Brokers would be licensed to sell life, disability and critical illness insurance, and could build an agency selling these products to their existing client base and referral networks.
Partner Training: Starting a Business - 101BizcentralUSA
The document provides an overview of the key steps involved in starting a business, including developing a business plan, determining a legal structure, obtaining financing, creating a marketing strategy, and how BizCentral USA can help entrepreneurs with various services at each stage of starting and running a business.
Introduction to Business Angel Investing'Tomi Davies
This presentation is Based on the book “Angel Investing - The Gust Guide to Making Money & Having Fun Investing In Startups” by David S. Rose @davidsrose CEO of Gust and Founder of New York Angels angelinvesting.com
It is for a Masterclass designed for practising and potential business angels who want to understand the basics of angel investing. It is a comprehensive guide that walks students through every step of the way to becoming a successful angel investor.
The class exposes students to fundamental strategies and specific tools required to take full advantage of this rapidly growing asset class, from building your reputation as a smart investor, to negotiating fair deals and adding value to your portfolio of companies through to helping them implement smart exit strategies.
Basics on the startup process, raising capital, and thinking about valuation, especially for first-time entrepreneurs. Read my article at VentureBeat for details on this slide deck:
http://venturebeat.com/2016/09/05/startup-fundraising-101-revisited/
Angel and Venture fundraising - A 360 perspectiveRavi Trivedi
This document provides an investor perspective on raising angel/seed funding for agribusiness startups. It discusses the types of startups that typically require funding, basics on venture capital and angel investing, the typical process of fundraising, and what investors look for in potential investments. The document covers key topics such as the stages of startup financing, differences between angel and venture investing, why investors provide funding and how they make money, common reasons startups fail, and details on term sheets, valuations, and deal structures.
Netwealth educational webinar - Unlocking the value in your financial plann...netwealthInvest
During our February 2017 webinar, Rob Jones from Peloton Partners shared his research and insights into how to successfully grow your financial planning business.
This document discusses various options for financing a start-up or company, including:
1. Private equity financing such as business angels and venture capital.
2. Debt financing through bank loans and negotiation tips.
3. Convertible loans as an alternative to traditional debt.
It also covers equity financing sources like friends/family/fools funding, grants, bootstrapping, and an overview of the Barcelona startup ecosystem and common reasons why companies fail.
Presentation on Angel Tax By Siddarth M Pai, Founding Partner, 3one4 CapitalInc42 Media
This document summarizes issues with Section 56(2)(viib) of the Indian Income Tax Act, known as the "Angel Tax". The section taxes capital receipts received by private companies in excess of fair market value. This has led to startups facing high tax burdens due to share premium being taxed. However, share premium is an outcome of valuation and math, not unaccounted funds. Additionally, allowing tax officers to substitute valuation methods creates uncertainty. As a result, early stage investments in India have declined significantly since the introduction of this policy. The recent DIPP circular provides some relief but does not go far enough to resolve the issues.
making syndicated angel investments is proven to lower the risk especially when making the first angel investment.
Bill Payne will share his wide experience on this fiels and give his best practices to find a balanced solution.
More information: www.fiban.org/billpayne
From the Ground Up: Building a Scalable Money Management BusinessesTearsheet
Zack Miller of NewRulesofInvesting.com was joined by Cale Smith of Islamorada Management to discuss an emerging model for asset managers.
Smith's model, the Spoke Fund, enables professionals to get off the ground quicker and cheaper than other alternative structures and seems to best align incentives of the manager and his clients.
Strongbrook Buy & Hold-Turnkey StrategyWilliam Moore
Generational Wealth Zone presents Strongbrook; A client based National Real Estate Investment Company that uses a turn-key approach to investing in Real Estate & Strongbrook Direct; A client acquisition referral network
Tax Planning for High Net Worth IndividualsAmy Goold
This document summarizes a presentation on tax planning for high net worth individuals. It discusses various strategies for profit extraction, capital gains tax planning, entrepreneurs' relief planning, inheritance tax planning, and income tax planning. Specific strategies mentioned include using dividends over salary for profit extraction, capital losses to offset gains, structuring share transfers to qualify for entrepreneurs' relief, and using trusts to transfer wealth and pay children's education costs in a tax efficient manner.
The document discusses early stage investing and provides tips. It emphasizes that investing is a process, not random, and involves following signals, diversifying portfolios for risk mitigation, and focusing on information asymmetry and valuation. Traction is more important than intellectual property with platforms driving changes. Wall Street and others already use data and analytics techniques that angels can also apply.
Angel investing is a great way to participate in the growing trend of entrepreneurship. Responsible investing is very important for the health of your portfolio and for your relationships with founders. Don't invest without understanding a few simple things. Equity investments are long term relationships. Investors must do their part to be good investment partners.
Taiwan Entry Pack: Creating Your Own Company11th Fleet
11th fleet is a Taiwan based consulting agency that help entrepreneurs think and operate globally. This deck is to show why one should invest in Taiwan and the benefits that Taiwan has to offer in terms of starting a company.
This PPT was originally presented as part of a business class at CSU and touches on the high level of value, its importance, and its application in the environment many younger entrepreneur's find themselves. Value is more than a multiple on revenues or income, it is dynamic, can be defended and improved when the underlying drivers are understood.
Raising Money for Your Startup: Why Fundraising is a Literary Process, Not Fi...Tearsheet
Given to a group of startup entrepreneurs at a local accelerator, this presentation is intended to provide a different -- maybe, contrarian -- viewpoint on the fundraising process.
Instead of learning finance next time you pitch an angel or VC, consider instead learning how to better tell stories.
Financing a new venture requires understanding the different funding options available and their pros and cons. Most startups need funding to cover costs before generating revenue from sales. Common sources of funding include personal savings, bootstrapping, bank loans, SBA loans, crowdfunding, angel investors, and venture capital. Proper preparation is key, including developing financial projections and statements to demonstrate the funding need and viability to potential investors or lenders.
The document outlines 10 "commandments" or rules for angel investing that are meant to help angel investors succeed. The rules include: investing for profit, investing in great teams with big ideas targeting large markets, properly valuing companies, performing due diligence, supporting portfolio companies, diversifying investments across a portfolio, knowing when to stop investing in failing companies, and providing mentoring beyond financial support. The document is from the Tech Coast Angels group, the largest angel investor network in the US, which has invested over $100 million in early-stage companies since 1997.
This document provides an overview of business ownership options, with a focus on franchising. It discusses why people choose to work for others rather than own their own business, and explores the risks and perceptions of risk around jobs and business ownership. The document outlines three options for business ownership: starting your own business, buying an existing business, or buying a franchise. It argues that franchising provides benefits like name recognition, proven systems, support and lower failure rates compared to other options. Common myths about franchising are debunked, such as the ideas that only certain industries franchise, or that franchises are automatically expensive or require industry experience. Overall benefits of franchising are summarized as using a proven approach to starting and staying in business with
Pursuing The American Dream....Owning Your Own Business Presentationjeffgoldb
This document provides an overview of small business acquisition. It discusses how many baby boomers will be looking to sell their businesses in the coming decade. It outlines the advantages of buying an existing business, such as having an established brand and customer base. The presentation then covers topics like common reasons owners sell, types of small businesses, valuation methods, and the typical 9-step process for acquiring a business, from personal assessment to closing the deal.
This document summarizes a presentation given to mortgage brokers about partnering with an insurance brokerage network. The key points are:
1) The insurance brokerage network is expanding in western Canada and offers additional commission opportunities for mortgage brokers by selling insurance products to their clients.
2) Mortgage brokers are currently required to offer "mortgage insurance" but the options are limited; working with this network would allow brokers to offer better insurance products and earn $500-$1000 more per mortgage deal.
3) Brokers would be licensed to sell life, disability and critical illness insurance, and could build an agency selling these products to their existing client base and referral networks.
Partner Training: Starting a Business - 101BizcentralUSA
The document provides an overview of the key steps involved in starting a business, including developing a business plan, determining a legal structure, obtaining financing, creating a marketing strategy, and how BizCentral USA can help entrepreneurs with various services at each stage of starting and running a business.
This document discusses preparing clients for exiting their business. It outlines various exit options such as a partial or full sale, management buyout, or ESOP. It emphasizes the importance of pre-transaction planning including legal, wealth management, strategic, and HR considerations. It notes the cost of no plan can be lower business value and more stress. Examples show the impact of documentation, management teams, systems, and industry factors. The role of an investment bank, tax advisor, attorney, and wealth manager on the transaction team is summarized.
This document discusses preparing clients for exiting their business. It outlines various exit options such as a partial or full sale, management buyout, or ESOP. It emphasizes the importance of determining financial and personal goals, having audited financials, management redundancy, and systems in place to minimize buyer risk. It notes the cost of no exit plan can be lower value, more stress, and fewer options. Examples show how proper planning can maximize value through proven earnings and synergies with potential buyers. The role of an investment bank, tax advisor, attorney and other professionals is outlined to run an efficient sale process.
The document provides information about a quarterly business forum featuring FranNet, ActionCoach, and SCORE. The forum agenda includes discussions on why business ownership, options for getting into business like franchising, myths and realities of franchising, and how to identify the best business option. Presenters include Marshall Reddy of FranNet, who will discuss franchise opportunities, Steve Goranson of ActionCoach, and Craig Linsky of SCORE Jacksonville, who will discuss understanding financial statements. The event aims to help attendees learn about business ownership and evaluate franchise and business coaching opportunities.
Jason Graf discussed various types of equity and mezzanine financing for businesses. Equity financing involves selling ownership stakes in a company, such as through issuing shares, taking on partners, or working with venture capitalists. Mezzanine financing blends debt and equity by allowing lenders to convert to an ownership interest if the loan is not repaid. Mezzanine financing is typically used by larger and more established companies. Graf also provided examples of how he has helped structure different financing deals for various businesses.
How to Set Up & Run a Business in the USARavixGroup
This document provides a step-by-step guide for setting up and running a business in the USA. It outlines 10 key steps: 1) Establishing a legal entity, 2) Getting a FEIN number, 3) Setting up bank accounts, 4) Hiring employees, 5) Paying employees and providing benefits, 6) Getting business insurance, 7) Accounting practices, 8) Paying taxes, 9) Selling the company, and 10) Repeating the process. For each step, it provides details on requirements and considerations. It also includes additional sections on topics like raising capital, equity compensation, and outsourcing finance/HR functions.
Key person protection is important for business continuity and to protect against financial loss in the event a key person dies or becomes critically ill. It helps minimize business interruption, ensures loan obligations are met, and protects startups and management buyouts that rely heavily on certain skills and relationships.
How Your Startup Can Raise Venture Capital in the COVID-19 Eraideatoipo
This presentation will cover some of the key topics that you will need think about as you prepare your startup for venture capital funding.
The speaker will address the following and provide context for the COVID-19 era:
1) Should you be raising money from venture capital investors yet, or does it make sense to seek more angel/friends and family financing to allow you to better succeed when you seek venture capital funding?
2) What kinds of marketing documents will you need?
3) Do you have a compelling team, including the right advisors?
4) Who are your targets?
5) Is your pitch and presentation ready for a prime time audience?
6) Can you effectively answer the questions you will face?
7) Is your company prepared for legal due diligence?
The speaker, veteran startup and corporate attorney Greg Chin of Duane Morris LLP, has seen hundreds of startups succeed and fail.
Greg will address these issues and more!
The document outlines an approach for entrepreneurs to fund product development without debt or giving up equity, by partnering with larger companies. It discusses how Thomas McCabe has successfully used this approach in the past by identifying problems that large companies want to solve and developing solutions for them. The document then provides guidance on how entrepreneurs can identify potential partner companies, structure agreements to qualify their technology as the partner's R&D, avoid common pitfalls, and ensure the arrangement benefits both parties.
The document discusses strategies for banks to increase revenue in challenging economic environments. It recommends focusing on cross-selling additional products to existing customers, leveraging branch networks as distribution points, expanding small business lending, and using customer credit data to identify other opportunities. The document also suggests that mergers or acquisitions may be necessary for some banks to achieve necessary scale, expand into new markets, and diversify their business lines in order to survive difficult conditions.
The document discusses different types of funding options for companies based on their stage of growth and business model. It identifies the main categories as normal growth companies, high growth companies, extreme high growth companies, and social venture companies. Each category is best suited for different sources of funding, from friends and family for early stage, to angels, micro VCs, and larger VCs for later stages of high growth companies seeking larger investments. The types of funding include both equity-based options like stock, as well as non-dilutive options like debt, customers, and grants. The right funding source depends on balancing the size of investment needed with the level of risk at each stage of a company's development.
Associate agent/ Agency Ownership with Farmers Insurance Farmers Insurance
Donald Swanson recruits entrepreneurs to become Farmers Insurance agency owners. There are three paths to ownership - Associate Agent, Protégé, or purchasing an existing agency. As an Associate or Protégé, candidates receive training and mentoring and have the opportunity to be granted an agency after meeting requirements. Qualified graduates can start a new agency, purchase an existing one, or be assigned customer accounts. The training program and corporate support help new agency owners succeed financially and build long-term businesses.
This document summarizes the triple threat of disability for business owners: keeping a roof over your head through individual disability income insurance, keeping your business's door open through overhead expense insurance, and keeping your business investment intact through disability buy-out insurance. It outlines the risks business owners face if they become disabled and cannot work, and how different insurance products can help address each threat by providing income replacement, paying business expenses, and funding the buyout of a disabled owner's share. The document encourages contacting the representatives for more information on assessment, design options, costs, and implementation.
This document discusses preparing to exit a business. It outlines options like a partial or full sale, management buyout, or ESOP. It emphasizes the importance of having audited financials, management depth, and systems in place to minimize buyer risk and maximize sale value. Examples show how proper planning leads to higher sale multiples. The document recommends assembling an experienced transaction team of advisors to efficiently run an auction and negotiate the best deal.
Donald Swanson promotes owning a Farmers Insurance agency as providing a path to financial freedom and independence. He oversees over 40 agencies and has been recognized for his success in recruiting and training new agency owners. Becoming an agency owner requires an initial investment of $50,000 in liquid assets, completing licensing and training programs, and obtaining an approved office location and staff. The benefits of ownership include financial bonuses, marketing support, and the ability to sell the profitable book of business.
The document discusses various topics related to entrepreneurship and starting a new business venture, including identifying opportunities, developing a business model, and customer validation. It describes how to search for and identify business opportunities by generating ideas, screening concepts, and formulating the business. It also covers market intelligence, analyzing the market, researching customers, developing a value proposition, product development processes, and go-to-market strategies. Legal requirements for incorporation and various challenges entrepreneurs may face are also summarized.
Similar to Franchising is More Than Just French Fries (20)
As we close out our last Health Care Reform Preparedness event in the series, hear the latest
legislative updates and discuss strategies in preparing for the changes with your fellow business
leaders. This interactive session will leave you with actionable, easy-to-implement approaches for
setting your business up for success as we head into the changing landscape of health care.
This document provides a summary of strategies for making health care more affordable for small businesses. It recaps health care reform changes through 2013 and changes coming in 2014 and beyond, including the individual and employer mandates. It then discusses the top 5 health care concerns for small businesses besides the Affordable Care Act, including rising costs. The document outlines strategies that work, including savvy plan design like partial self-funding, HRAs, and HDHP/HSAs. It also discusses wellness strategies that work through properly designed incentives and year-round communication. Finally, it discusses the importance of creating consumerism and proactive multi-year planning to control health care costs.
Guidelines for the Colorado Health Benefit Exchange and our Federal Exchange are still up in the air. What do these various funding, administration, and oversight issues mean for employers and how will plan pricing, availability, and benefits be addressed? This presentation is designed for the Colorado business leader who needs to understand the current state of the exchanges. In this session, we’ll go over the very latest developments and how they could impact local businesses, discuss how you can create a proactive multi-year benefits strategy, and introduce resources to help you stay on top of this constantly changing landscape.
The Election is over. Health care Reform is here to stay, and Colorado is also moving forward on a number of health care issues independently of the federal government. Conversely, employers in the state have to make huge employee benefit decisions based on changing and sometimes limited information.
In less than one year, major provisions of the Patient Protection and Affordable Care Act are taking effect at state and federal levels, and many of those new provisions will directly impact businesses around the country. At this event, we’ll present fact-based, non-partisan information that’s important to Colorado business leaders: the timeline of the law and important dates.
Are you interested in contracting with the Colorado Department of Transportation (CDOT)? This seminar is an excellent primer for firms just getting started and wanting to learn how to do business with CDOT. You will find out what they buy, how they let contracts for goods and services and where to find contract opportunities. This workshop will include a discussion of CDOT's small business programs and how they can help you become more competitive in bidding and teaming on CDOT projects.
The document discusses the Colorado Procurement Technical Assistance Center (CO PTAC) and its services to help Colorado businesses win government contracts. CO PTAC provides free assistance to businesses on registrations, identifying contracting opportunities, proposal writing, and contract execution. The summary highlights CO PTAC's role in increasing Colorado businesses' market share of the hundreds of billions of dollars in annual federal and state government contracting.
This presentation is targeted at businesses who have already begun looking at teaming arrangements and wondered whether it was a good route for them. Teaming arrangements can be simple or complex. As a VOB or SDVOB you bring certain assets to the arrangements that work to your advantage if you know how to leverage them. Some business have had bad experiences and questions can be asked so mistakes are not repeated.
By: Kenn Quick, Acquisition Management Resources
As you grow your business you will soon subcontract to a government prime contractor or prime a contract with the government directly. When you do you understand that your financials are open to being audited by the government to ensure fair and compliant in-voicing. What do you need to know to be “compliant”? Is your accounting system already compliant? This and other questions are worth knowing before that day comes.
By: Gary Henry, McNew & Associates
What skills do you bring to the table as a veteran? In this workshop, Commander Izzy Abbass will show you how to put your best foot forward to make a favorable impression. You will learn common misperceptions of veterans, what skills veterans can bring to the table, and how to translate those skills into the business world. Finally, you will receive tips on how to use LinkedIn, Twitter and Facebook to sell your abilities!
By: Izzy Abbass, VFW Post 1
Is your business stagnant? Are you barely breaking even? This presentation will take your business to the next level by reaching untapped revenue streams and discovering where you can cut costs. You will learn tips to help you identify new customers, improve cash flow, and spend less time managing.
More from Denver Metro Small Business Development Center (11)
2. Stacy Swift
FranNet CO, WY, & MT
• Degree in Business Administration
• Self-employed for 23+ years
• Suzy-Q Deli; Sole Proprietor
• Fantastic Sams (Franchisee; 2 stores)
• FranNet (Franchisee; CO, WY & MT)
• Mr. Handyman (Franchisee; 3 territories)
• CO Real Estate Broker license (resales)
3. Who is FranNet?
• International franchise brokerage and
consulting firm; celebrating 25 years in 2012!
• Over 70 Offices in U.S. and Canada
• Worked with the SBA, SBDC, and SCORE
since 1987
• Proud contributor to Wounded Warrior Project
• We match people who want to be in business
with franchises that meet their needs
• NO COST!
4. US Labor Market
Current Economic Outlook
• More than 1 million Vets returning home from Iraq
& Afghanistan will re-enter workforce in
next 5 years.
• Unemployment rate for Vets is higher than the
civilian rate—11.7%.
• 12.8 million currently unemployed.
• 2.6 million ―under-employed” in jobs beneath skill
set & fair pay scale.
U.S. Census Bureau’s Business Dynamics Statistics (BDS) - 2010
5. VetFran Program
• Founded in 1991 to support veterans transitioning back into
civilian life after the Gulf War.
• More than 400 IFA member companies participate
– Offer financial incentives, training, and mentoring for Vets interested
in starting their own franchise business
• ―Operation Enduring Opportunity‖
– Campaign to recruit and hire 75,000 Veterans and their spouses and
5,000 Wounded Warriors by 2014
– The IFA has partnered with the White House Joining Forces Initiative,
the SBA, and The US Chamber of Commerce in this unprecedented
recruitment effort
– The program offers tax credits to employers who hire unemployed
Vets
6. VetFran Program
• ―Help Veterans Own Franchises Act‖ (HVOF)
– Establishes a tax credit for Vets to become franchise owners
– Allows a tax credit of 25% of the Franchise Fee to offset start-up costs
• 1 in 7 franchises are owned by Vets
– 66,000 Veteran owned franchises in the US provide 815,000 American jobs and
generate $41B in GDP
• Veteran success in Franchising is driven by:
– Outstanding leadership and teamwork skills
– Ability to implement and execute systems
– Franchises provide extensive training
– Franchises offer on-going business support
• More information is available on the IFA’s VetFran Directory
– www.franchise.org/Veteran-Franchise.aspx
– www.VetFran.com
7. Why Own Your Own Business?
SUCCESS
Fulfillment Flexibility Independence
Financial No More
Control Money
Security Layoffs
What is it for you?
9. Some Misperceptions
Risk:
A job is safer than a business.
Economy:
I’ll wait until the economy is better.
Investment:
A business costs a lot of money to start and run.
Knowledge:
I don’t know where to start or find what I’m looking for.
Skills:
Running a business takes specific talents and skills.
10. Perception of Risk: Job
Is working for someone safe?
Short term yes, but …
Risk
Can you be sure your job is safe?
Can performance determine security?
Time
Job (Then) Job (Now)
Will you meet your long-term financial
goals of security and retirement?
Risk Increases
11. Business Ownership
At first, owning your own business
can be scary, but ...
• No one can take it away. You can’t be
downsized, transferred or fired.
• You can grow the business at the pace
you want.
• The longer you own your business the
safer it becomes
Risk Decreases
12. Lower Your Risks
Concerned about starting a business during
poor economic times?
Lower the risk by looking for businesses with
specific market characteristics.
Many businesses thrive in all
economic conditions.
13. What About The Economy?
Growing markets driven by demographics
• Ex: Senior Care, Residential Repairs & Cleaning, etc.
Essential services
• Ex: Hair Care, Automotive, Damage Restoration, etc.
Business that help other small businesses thrive
• Business Coaching, Personnel Services, Sales Training, etc.
Many businesses thrive in all economic conditions
14. Business Ownership
Options
Start a Business from Scratch
Buy a Franchise Buy an Existing
Business
15. Start Up Business
Advantages Disadvantages
• Total control • Must create systems
• Make all decisions • No one to turn to for
• Keep all profits help
• Biggest upside • Limited financing
options
• Highest failure rate
16. Buy an Existing Business
Advantages Disadvantages
• Cash flow & good will • What is the real cash flow?
• Actual historical results • What is the good will?
• Attractive to lenders • Hidden seller motives
• Established location & • Employee defection
customer base
• Higher debt service
• Employees in place
• Poor training/support by the
• Systems may be in place
former owner
• Owner financing
17. A Franchise…
Advantages Disadvantages
• A proven, time-tested business • An seemingly endless and
model that works overwhelming number of
• Predictable future results concepts to choose from
• Very attractive to lenders • Paying a franchise fee
• Transparent due diligence • Royalties
process with the franchisor and • Reporting, compliance, and
existing franchisees mandatory attendance for
• Recognized brand name and training, annual conferences,
turn-key operating systems etc.
18. What is Franchising?
Franchise
Headquarters
The creation of a distribution
channel to build brand identity
Franchise
and attain market dominance… Operators
QUICKLY! Customers
19. Franchise is…
A license to use:
• Name and trademarks
• Products
• Business Systems
In exchange for:
• Initial franchise fee
• Ongoing royalties
20. Franchising Fact #1:
Popular
Categories
FACT:
• Education
• Over 3,100 different • Retail
franchise companies • Pet Care
• In more than 80 industries • Cleaning
• With over 900,000 • Real Estate
operating units • Senior Care
• Home
Repair
• IT Services
21. Franchising Fact #2:
FACT:
Total Investment Percent
Under $100k $100 - 250k
$250k - $500k Over 500k
Under $100k 52.5% 6%
9%
$100 to $250k 32.7%
$250 to $500k 9.2% 33% 52%
Over $500k 5.6%
Franchise Times Magazine Survey,
Franchising is All Right, Thank You
22. Financing Facts:
How Much Do I Need?
Typically, 25-30% of the total investment will be
your money.
Financing is relatively easy to get for 70-75% of the
total investment including working capital.
23. Financing Facts:
Sources:
• Personal savings
• Family, friends, or partner
• Home equity line of credit
• Financial Institutions
• Seller financing – resale
• 401K, IRA, etc.
24. Financing Facts for Vets
• Patriot Express Pilot Loan Program
Ideal for Veterans and other eligible members of the military community who
want access to funds to start or expand a business
Business must meet SBA minimum guidelines (for profit, operating in the U.S.,
etc.)
Credit amounts up to $500,000; faster turnaround time
Terms: less than 7 years = prime plus 2.25%; greater than 7 years = prime plus
2.75%
Collateral: bank will take a secured interest in business assets and/or a
mortgage on real estate
Personal guarantees: required by all owners of 20% or more
85% guarantee: loans less than or equal to $150,000
75% guarantee: loans greater than $150,000
The program has been extended thru 2013
25. Franchising Fact #3:
FACT:
There is no automatic correlation
between the cost of the franchise and
the potential return.
26. Franchising Fact #4:
FACT:
Service businesses require far less
capital investments and frequently
yield higher returns.
27. Franchise Business
Economic Outlook
• It is estimated that Franchises accounted for
over 7,934,000 jobs in 2011.
• It is estimated that the Franchise Industry
accounted for over 4.9% of the total US GDP
in 2011.
28. 2012 Forecast for
Franchise Industry
• In 2012, franchising will
– Add 168,000 new U.S. jobs
– Add 13,928 U.S. units
– Grow contribution to GDP 4.8 percent =
$21 billion
Source: IHS Global Insight
29. The Benefits of
Franchising
Proven, systematic approach to starting and
staying in business:
– Experience
– Simplicity
– Initial Training & Ongoing Support
– Name Recognition
– Sales, Marketing & Operational Systems
– Culture of Teamwork
31. How Do You Find a
Franchise That is a Great Fit?
Separate the
function of the
business,
from the function
of the business
owner!
32. Determine Your
Business Model
5 Years 20 Years
10 Years
Identify your Financial &
Lifestyle Goals
32
33. What Are Your Transferable
Business Skills?
Customer
Sales Service
Management Marketing
34. Your Business Model
Employees Types of Customers
Service or Product
Budget
Business Business New or Established
Industry
Environment Preferences
Full or Part-time Room for Growth
Hours
Number of Units Other Items?
35. Business Characteristics
• These are preferences
• It will not be perfect
• Expect some of your preferences to
conflict
• Be clear about your few ―must haves‖
versus your many ―nice to haves‖
36. Finding a Great Fit
Match your business model with
franchisors who are looking for
people with your characteristics,
attributes, goals and business
preferences.
37. Conducting Your
Research
We'll coach you through a
4-Step Research Plan
and you’ll determine if one of the
franchises is the right fit for you.
38. Professional Advisors
Ad
Additional Resources You Should Use
Franchise Attorney Accountant