This document discusses various sources of financing for small businesses, including:
- Personal savings, friends and family, credit cards are common early sources of equity financing.
- Banks are a primary source of debt financing but are reluctant to finance startups without proven track records. Bank loans come as lines of credit, term loans, or mortgages.
- Business suppliers provide trade credit through accounts payable and may offer equipment loans or leases using the equipment as collateral.
- Other potential sources of financing discussed include private equity investors, crowdfunding, government loan programs, large corporations, and public stock offerings. The document examines factors influencing choices between debt and equity financing.
Small Business Management Chapter 10 PowerPointLeahBusby1
This document provides an overview of key financial statements - the income statement, balance sheet, and statement of cash flows. It discusses the purpose and components of each statement. The income statement shows a firm's profits/losses over time. The balance sheet presents assets, liabilities, and equity at a point in time. The statement of cash flows identifies cash inflows and outflows from operating, investing, and financing activities. Examples from a company called JM Dalton, Inc. illustrate how to read each type of statement and calculate cash flows using information from the income statement and balance sheets. Understanding these financial statements is important for evaluating a firm's performance and financial position.
Small Business Management Chapter 7 PowerPointLeahBusby1
This document discusses the marketing plan and marketing research process for small businesses. It outlines the typical components of a marketing plan, including market analysis, competition assessment, and marketing strategy. Marketing strategy covers the 4 P's of product, place, price, and promotion. The document also describes the steps in conducting marketing research, including identifying information needs, searching secondary data sources, collecting primary data through surveys or observations, and interpreting the results. Effective marketing research is important for developing a strong marketing plan tailored to the business.
Small Business Management Chapter 6 PowerPointLeahBusby1
This document provides an overview of Chapter 6 from an educational text on business plans. The chapter covers the purpose and key elements of business plans, how to develop an effective business model, and guidance on the preferred content and structure of a business plan. It emphasizes that the business model forms the foundation of any good business plan and discusses how to analyze revenue models, cost structures, resource needs, and risks. It also outlines the main sections that should typically be included in a business plan, such as the opportunity analysis, management team, financing details, and financial projections.
Small Business Management Chapter 13 PowerPointLeahBusby1
This document discusses planning for harvesting (exiting) a business. It covers the importance of having a harvest plan, methods for harvesting like selling the firm, distributing cash flows, initial public offerings, and private equity recapitalizations. When selling a firm, it's important to consider valuation and payment methods. An effective harvest plan should anticipate the harvest years in advance, expect emotional and cultural conflicts, get good advice, understand personal motivations, and consider plans after exiting.
Small Business Management Chapter 5 PowerPointLeahBusby1
This document provides an overview of key concepts regarding family businesses. It defines what constitutes a family and family business. It describes the complex roles and relationships involved in a family business, including between family members, founders, spouses, in-laws, and non-family employees. It also outlines important management practices for family firms, such as establishing a family council and holding family retreats, to help the business function effectively and smoothly transfer leadership between generations.
Small Business Management Chapter 11 PowerPointLeahBusby1
This document summarizes key points about financial forecasting. It discusses how to develop pro forma financial statements to project a firm's profits, assets, financing needs, and cash flows. Specific techniques are covered, like forecasting profitability using an income statement, determining asset requirements as a percentage of sales, and calculating financing needs based on assets and debt ratios. Worked examples are provided to illustrate how to apply these techniques when developing pro forma statements for a sample company. The goal of financial forecasting is accurate planning to ensure a firm has adequate resources and manages growth effectively.
Small Business Management Chapter 23 PowerPointLeahBusby1
This document discusses managing risk for businesses. It covers defining business risk, identifying types of pure risk like property, liability and personnel risks. It then describes the risk management process of identifying, evaluating and selecting methods to manage risks through risk control or risk financing. Specific insurance policies for property, casualty, life and health are also summarized. The key aspects of risk management and common insurance coverage for businesses are outlined.
Small Business Management Chapter 2 PowerPointLeahBusby1
This document discusses integrity, ethics, and social entrepreneurship in small businesses. It defines integrity as honesty and reliability in doing what is right. Maintaining integrity requires considering how decisions affect stakeholders like customers, employees, and the community. However, small businesses face challenges to integrity like limited resources creating temptation to cut corners. The document suggests building integrity by properly valuing stakeholders, avoiding lies about the business, and contributing to the community. Social entrepreneurship also influences small businesses to have positive social impacts.
Small Business Management Chapter 10 PowerPointLeahBusby1
This document provides an overview of key financial statements - the income statement, balance sheet, and statement of cash flows. It discusses the purpose and components of each statement. The income statement shows a firm's profits/losses over time. The balance sheet presents assets, liabilities, and equity at a point in time. The statement of cash flows identifies cash inflows and outflows from operating, investing, and financing activities. Examples from a company called JM Dalton, Inc. illustrate how to read each type of statement and calculate cash flows using information from the income statement and balance sheets. Understanding these financial statements is important for evaluating a firm's performance and financial position.
Small Business Management Chapter 7 PowerPointLeahBusby1
This document discusses the marketing plan and marketing research process for small businesses. It outlines the typical components of a marketing plan, including market analysis, competition assessment, and marketing strategy. Marketing strategy covers the 4 P's of product, place, price, and promotion. The document also describes the steps in conducting marketing research, including identifying information needs, searching secondary data sources, collecting primary data through surveys or observations, and interpreting the results. Effective marketing research is important for developing a strong marketing plan tailored to the business.
Small Business Management Chapter 6 PowerPointLeahBusby1
This document provides an overview of Chapter 6 from an educational text on business plans. The chapter covers the purpose and key elements of business plans, how to develop an effective business model, and guidance on the preferred content and structure of a business plan. It emphasizes that the business model forms the foundation of any good business plan and discusses how to analyze revenue models, cost structures, resource needs, and risks. It also outlines the main sections that should typically be included in a business plan, such as the opportunity analysis, management team, financing details, and financial projections.
Small Business Management Chapter 13 PowerPointLeahBusby1
This document discusses planning for harvesting (exiting) a business. It covers the importance of having a harvest plan, methods for harvesting like selling the firm, distributing cash flows, initial public offerings, and private equity recapitalizations. When selling a firm, it's important to consider valuation and payment methods. An effective harvest plan should anticipate the harvest years in advance, expect emotional and cultural conflicts, get good advice, understand personal motivations, and consider plans after exiting.
Small Business Management Chapter 5 PowerPointLeahBusby1
This document provides an overview of key concepts regarding family businesses. It defines what constitutes a family and family business. It describes the complex roles and relationships involved in a family business, including between family members, founders, spouses, in-laws, and non-family employees. It also outlines important management practices for family firms, such as establishing a family council and holding family retreats, to help the business function effectively and smoothly transfer leadership between generations.
Small Business Management Chapter 11 PowerPointLeahBusby1
This document summarizes key points about financial forecasting. It discusses how to develop pro forma financial statements to project a firm's profits, assets, financing needs, and cash flows. Specific techniques are covered, like forecasting profitability using an income statement, determining asset requirements as a percentage of sales, and calculating financing needs based on assets and debt ratios. Worked examples are provided to illustrate how to apply these techniques when developing pro forma statements for a sample company. The goal of financial forecasting is accurate planning to ensure a firm has adequate resources and manages growth effectively.
Small Business Management Chapter 23 PowerPointLeahBusby1
This document discusses managing risk for businesses. It covers defining business risk, identifying types of pure risk like property, liability and personnel risks. It then describes the risk management process of identifying, evaluating and selecting methods to manage risks through risk control or risk financing. Specific insurance policies for property, casualty, life and health are also summarized. The key aspects of risk management and common insurance coverage for businesses are outlined.
Small Business Management Chapter 2 PowerPointLeahBusby1
This document discusses integrity, ethics, and social entrepreneurship in small businesses. It defines integrity as honesty and reliability in doing what is right. Maintaining integrity requires considering how decisions affect stakeholders like customers, employees, and the community. However, small businesses face challenges to integrity like limited resources creating temptation to cut corners. The document suggests building integrity by properly valuing stakeholders, avoiding lies about the business, and contributing to the community. Social entrepreneurship also influences small businesses to have positive social impacts.
Small Business Management Chapter 4 PowerPointLeahBusby1
This document discusses franchising and buying existing businesses. It defines what a franchise is and provides terminology related to franchising. The pros and cons of franchising are examined, including the costs associated with being a franchisee. The document outlines the process for evaluating potential franchise opportunities and existing business purchase opportunities, including investigating the franchise concept and franchisor.
Small Business Management Chapter 20 Busby LSCOLeahBusby1
The document discusses managing human resources in a chapter about recruiting, training, and developing employees. It covers the importance of recruitment and finding qualified applicants, evaluating applicants through application forms, interviews, references, testing, and physicals. It also discusses training and developing employees through orientation, basic training, and management development. The overall goal is to hire and develop capable employees to help the company achieve its strategic objectives.
Small Business Management Chapter 22 PowerPointLeahBusby1
This document discusses managing working capital and cash flows for small businesses. It defines key terms like working capital, the working capital cycle, accounts receivable, inventory, and cash conversion period. The document uses examples to illustrate how these concepts impact a company's balance sheet and cash flows over time. Effective working capital management is important for small businesses to meet operating needs and avoid cash flow problems.
Small Business Management Chapter 17 PowerPointLeahBusby1
This chapter discusses promotional planning for small businesses. It covers determining an appropriate promotional budget through methods like allocating a percentage of sales or matching competitor spending. The chapter also addresses how the internet and social media are changing promotion, with over half the world's population now online. It emphasizes the importance of small businesses establishing an online presence through a user-friendly website in order to connect with customers and compete with other companies.
Small Business Management Chapter 1 PowerPointLeahBusby1
This document provides an overview of key concepts from Chapter 1 of an entrepreneurship textbook. It discusses the importance of small businesses and entrepreneurship in the economy. Small businesses are defined as having fewer than 500 employees and account for over 99% of all businesses. The chapter distinguishes between small businesses and entrepreneurship, describing entrepreneurs as willing to create value while assuming risks and rewards. It explores various motivations for becoming an entrepreneur like personal fulfillment, independence, and financial rewards. The chapter also examines how small businesses can compete against larger companies through integrity, customer focus, innovation, and niche markets.
Small Business Management Chapter 8 PowerPointLeahBusby1
This document discusses organizational structures for small businesses, including management teams, legal forms of organization, and strategic alliances. It covers key topics such as the importance of a strong management team with diverse skills and experience; common legal structures like sole proprietorships, partnerships, and corporations; factors to consider when choosing a legal structure; and the uses of strategic alliances and boards of directors. The document provides details on characteristics, advantages, and disadvantages of different organizational approaches for small businesses.
Small Business Management Chapter 16 PowerPointLeahBusby1
This document provides an overview of Chapter 16 - Pricing and Credit Decisions from an educational textbook. The chapter covers setting prices based on costs and customer demand, using tools like break-even analysis and markup pricing. It also discusses extending credit to customers and managing the risks and benefits of providing credit. Specific topics covered include elasticity of demand, penetration pricing strategies, factors that influence granting credit, and types of credit available. The overall aim is to help readers understand how to make effective pricing and credit-related decisions for their business.
Small Business Management Chapter 18 PowerPointLeahBusby1
This document provides an overview of global opportunities for small businesses. It discusses how globalization has encouraged more small businesses to expand internationally. Some key points include:
- Small businesses and startups are responsible for about one-third of US exports and many launch with the intent of engaging in cross-border business.
- Global expansion allows businesses to access larger markets, resources, lower costs, and take advantage of location-specific opportunities.
- Common strategies for small businesses to engage globally include exporting, importing, licensing, franchising, strategic alliances, and establishing foreign facilities. Each strategy has advantages and challenges to consider.
- Expanding into international markets requires understanding foreign business environments and adapting operations accordingly.
Small Business Management Chapter 9 PowerPointLeahBusby1
This chapter discusses factors to consider when determining the location for a new brick-and-mortar business. The five key factors are customer accessibility, business environment conditions, availability of resources, the entrepreneur's personal preferences, and site availability and costs. Additional considerations include designing physical facilities to meet functional needs and equipping the space appropriately. Locating a business in the entrepreneur's home or online also presents advantages and challenges to consider.
Small Business Management Chapter 19 PowerPointLeahBusby1
This document discusses professional management in small businesses. It covers key topics such as leadership roles, the management process, and managerial tasks of entrepreneurs. As a business grows, its organizational structure and management must adapt. Founders often struggle to transition from hands-on roles to professional management. Effective planning, organizational structures, delegation, and communication are important for professional management as a small business scales.
Small Business Management Chapter 3 PowerPointLeahBusby1
This document provides an overview of chapter 3 from a textbook on starting a small business. The chapter discusses developing startup ideas, including different types of ideas and common sources of ideas. It also covers using innovative thinking to generate ideas and analyzing ideas both from an outside-in and inside-out perspective. The chapter describes integrating internal and external analyses using a SWOT analysis and selecting strategies to capture opportunities, including broad-based and focus strategies. The overall chapter aims to guide entrepreneurs through the process of developing, analyzing, and selecting startup business ideas.
Small Business Management Chapter 21 PowerPointLeahBusby1
This document provides an overview of chapter 21 from a business textbook, which discusses managing small business operations. The chapter covers topics like how operations enhance competitiveness, inventory management, quality control, and purchasing policies. It defines key terms and concepts relating to operations management in small businesses. The document is divided into sections that address the operations process, inventory management techniques, quality management strategies, and the role of purchasing.
Buying and Selling A Small or Mid-Size Business - Initiation of Discussions, ...esstevens
This document discusses various aspects of buying and selling a small or mid-size business, including:
1) It provides an overview of current M&A market conditions, noting opportunities for quality companies and strong competition for assets.
2) It outlines the process of initiating a transaction, including assessing strategic options, valuation, identifying potential buyers, and engaging advisors.
3) It describes the roles of key members of the deal team, including owners, management, accountants, legal counsel, investment bankers, and tax advisors.
Small Business Management Chapter 15 PowerPointLeahBusby1
This document discusses product development and supply chain management. It covers challenges of business growth, the role of innovation, product life cycles, and new product development processes. Key points include: small businesses produce many innovations but success is rare; innovation allows competitive advantages but risks failure; the product life cycle has introduction, growth, maturity, and decline stages; and new product development involves idea generation, analysis, product creation, and testing. Managing these factors is important for business survival and growth.
Chapter 01 the environment of business - an introduction to business and econ...Nur Khalida
This document provides an overview of key topics in an introductory business and economics chapter, including:
1) It defines business as the organized effort of individuals to produce and sell goods and services for a profit. It also discusses the four factors of production.
2) It outlines two main types of economic systems - capitalism and command economies (socialism and communism). Capitalism relies on private ownership and markets, while command economies involve greater government control.
3) It discusses measuring economic performance through concepts like productivity and discusses how the US has a mixed economy with elements of both capitalism and socialism.
The document summarizes key topics from Chapter 1 of the textbook "Contemporary Financial Management". It discusses that the primary goal of a firm is to maximize shareholder wealth. It also describes different forms of business organizations like sole proprietorships, partnerships, and corporations. Additionally, it outlines the typical organization of a company's financial management function, including roles like the CFO and Controller.
Succession Planning for Purchasing Cooperatives & their Membersproject-equity
Employee ownership: Keeping businesses independent when family can’t take over
Succession planning is an urgent need among an increasing number of businesses, especially as baby boomers near retirement age. Because purchasing cooperatives are an important part of helping their independent business members stay independent, competitive and rooted in their communities, the National Cooperative Business Association (NCBA CLUSA) has partnered with Project Equity to better understand the succession challenges of purchasing cooperative member companies, and to assess how employee ownership transitions can help keep these companies independent over the long term.
Join NCBA CLUSA, Project Equity and our purchasing cooperative panelists to learn more about how purchasing coops and other independent business networks can utilize employee ownership and worker cooperative conversions to help locally-owned businesses stay locally-owned for the long term.
In this webinar, you’ll learn:
- How converting a business to employee ownership works
- Approaches to financing employee buy-outs
- Education programs you can implement across your business network
- General timeline and cost to consider for conversion
This document discusses financial management for small businesses. It covers topics such as the difference between accounting and finance, major activities in finance like planning, control and decision making, and how finance can affect the selection of a business's organizational type. It also discusses sources of capital for small businesses, including equity, debt and internal funds. Breakeven analysis is explained as a tool to determine the sales needed to break even. Maintaining relationships with bankers and understanding their loan evaluation process (CAMPARI) is also covered.
This document provides information on determining financing needs and sources of funding for businesses. It discusses evaluating how much capital is needed and whether existing cash flow can be used more effectively. Various sources of funding are outlined, including microloans, bank loans, SBA loans, equity funding from friends and family, crowdfunding, angel investors, and venture capitalists. It also covers the differences between equity and debt financing and important considerations for lenders such as ability to repay, credit history, and collateral.
The document provides an overview of different sources of financing for small businesses, including equity, debt, and gifts. It discusses financing options such as using personal funds, loans, crowdfunding, angel investors, and grants. The key tradeoffs discussed are that equity financing is more expensive but provides funds without repayment obligations, while debt financing has lower costs but requires repayment that can impact business performance. Overall the document aims to help small business owners understand their financial options at different stages and choose arrangements suited to minimizing costs and risks.
Managing Business Debts " A book to enlargen your horizon in managing busines...lewisjunior142
This document provides an overview of business debt, including its definition, types, advantages and disadvantages, management strategies, and how businesses can obtain debt. It discusses short-term and long-term debt, secured vs unsecured loans, and how debt can help businesses grow but also poses risks if not managed properly. The document also examines debt ratios, debt capacity, and includes case studies of how businesses have successfully used and paid off loans.
Small Business Management Chapter 4 PowerPointLeahBusby1
This document discusses franchising and buying existing businesses. It defines what a franchise is and provides terminology related to franchising. The pros and cons of franchising are examined, including the costs associated with being a franchisee. The document outlines the process for evaluating potential franchise opportunities and existing business purchase opportunities, including investigating the franchise concept and franchisor.
Small Business Management Chapter 20 Busby LSCOLeahBusby1
The document discusses managing human resources in a chapter about recruiting, training, and developing employees. It covers the importance of recruitment and finding qualified applicants, evaluating applicants through application forms, interviews, references, testing, and physicals. It also discusses training and developing employees through orientation, basic training, and management development. The overall goal is to hire and develop capable employees to help the company achieve its strategic objectives.
Small Business Management Chapter 22 PowerPointLeahBusby1
This document discusses managing working capital and cash flows for small businesses. It defines key terms like working capital, the working capital cycle, accounts receivable, inventory, and cash conversion period. The document uses examples to illustrate how these concepts impact a company's balance sheet and cash flows over time. Effective working capital management is important for small businesses to meet operating needs and avoid cash flow problems.
Small Business Management Chapter 17 PowerPointLeahBusby1
This chapter discusses promotional planning for small businesses. It covers determining an appropriate promotional budget through methods like allocating a percentage of sales or matching competitor spending. The chapter also addresses how the internet and social media are changing promotion, with over half the world's population now online. It emphasizes the importance of small businesses establishing an online presence through a user-friendly website in order to connect with customers and compete with other companies.
Small Business Management Chapter 1 PowerPointLeahBusby1
This document provides an overview of key concepts from Chapter 1 of an entrepreneurship textbook. It discusses the importance of small businesses and entrepreneurship in the economy. Small businesses are defined as having fewer than 500 employees and account for over 99% of all businesses. The chapter distinguishes between small businesses and entrepreneurship, describing entrepreneurs as willing to create value while assuming risks and rewards. It explores various motivations for becoming an entrepreneur like personal fulfillment, independence, and financial rewards. The chapter also examines how small businesses can compete against larger companies through integrity, customer focus, innovation, and niche markets.
Small Business Management Chapter 8 PowerPointLeahBusby1
This document discusses organizational structures for small businesses, including management teams, legal forms of organization, and strategic alliances. It covers key topics such as the importance of a strong management team with diverse skills and experience; common legal structures like sole proprietorships, partnerships, and corporations; factors to consider when choosing a legal structure; and the uses of strategic alliances and boards of directors. The document provides details on characteristics, advantages, and disadvantages of different organizational approaches for small businesses.
Small Business Management Chapter 16 PowerPointLeahBusby1
This document provides an overview of Chapter 16 - Pricing and Credit Decisions from an educational textbook. The chapter covers setting prices based on costs and customer demand, using tools like break-even analysis and markup pricing. It also discusses extending credit to customers and managing the risks and benefits of providing credit. Specific topics covered include elasticity of demand, penetration pricing strategies, factors that influence granting credit, and types of credit available. The overall aim is to help readers understand how to make effective pricing and credit-related decisions for their business.
Small Business Management Chapter 18 PowerPointLeahBusby1
This document provides an overview of global opportunities for small businesses. It discusses how globalization has encouraged more small businesses to expand internationally. Some key points include:
- Small businesses and startups are responsible for about one-third of US exports and many launch with the intent of engaging in cross-border business.
- Global expansion allows businesses to access larger markets, resources, lower costs, and take advantage of location-specific opportunities.
- Common strategies for small businesses to engage globally include exporting, importing, licensing, franchising, strategic alliances, and establishing foreign facilities. Each strategy has advantages and challenges to consider.
- Expanding into international markets requires understanding foreign business environments and adapting operations accordingly.
Small Business Management Chapter 9 PowerPointLeahBusby1
This chapter discusses factors to consider when determining the location for a new brick-and-mortar business. The five key factors are customer accessibility, business environment conditions, availability of resources, the entrepreneur's personal preferences, and site availability and costs. Additional considerations include designing physical facilities to meet functional needs and equipping the space appropriately. Locating a business in the entrepreneur's home or online also presents advantages and challenges to consider.
Small Business Management Chapter 19 PowerPointLeahBusby1
This document discusses professional management in small businesses. It covers key topics such as leadership roles, the management process, and managerial tasks of entrepreneurs. As a business grows, its organizational structure and management must adapt. Founders often struggle to transition from hands-on roles to professional management. Effective planning, organizational structures, delegation, and communication are important for professional management as a small business scales.
Small Business Management Chapter 3 PowerPointLeahBusby1
This document provides an overview of chapter 3 from a textbook on starting a small business. The chapter discusses developing startup ideas, including different types of ideas and common sources of ideas. It also covers using innovative thinking to generate ideas and analyzing ideas both from an outside-in and inside-out perspective. The chapter describes integrating internal and external analyses using a SWOT analysis and selecting strategies to capture opportunities, including broad-based and focus strategies. The overall chapter aims to guide entrepreneurs through the process of developing, analyzing, and selecting startup business ideas.
Small Business Management Chapter 21 PowerPointLeahBusby1
This document provides an overview of chapter 21 from a business textbook, which discusses managing small business operations. The chapter covers topics like how operations enhance competitiveness, inventory management, quality control, and purchasing policies. It defines key terms and concepts relating to operations management in small businesses. The document is divided into sections that address the operations process, inventory management techniques, quality management strategies, and the role of purchasing.
Buying and Selling A Small or Mid-Size Business - Initiation of Discussions, ...esstevens
This document discusses various aspects of buying and selling a small or mid-size business, including:
1) It provides an overview of current M&A market conditions, noting opportunities for quality companies and strong competition for assets.
2) It outlines the process of initiating a transaction, including assessing strategic options, valuation, identifying potential buyers, and engaging advisors.
3) It describes the roles of key members of the deal team, including owners, management, accountants, legal counsel, investment bankers, and tax advisors.
Small Business Management Chapter 15 PowerPointLeahBusby1
This document discusses product development and supply chain management. It covers challenges of business growth, the role of innovation, product life cycles, and new product development processes. Key points include: small businesses produce many innovations but success is rare; innovation allows competitive advantages but risks failure; the product life cycle has introduction, growth, maturity, and decline stages; and new product development involves idea generation, analysis, product creation, and testing. Managing these factors is important for business survival and growth.
Chapter 01 the environment of business - an introduction to business and econ...Nur Khalida
This document provides an overview of key topics in an introductory business and economics chapter, including:
1) It defines business as the organized effort of individuals to produce and sell goods and services for a profit. It also discusses the four factors of production.
2) It outlines two main types of economic systems - capitalism and command economies (socialism and communism). Capitalism relies on private ownership and markets, while command economies involve greater government control.
3) It discusses measuring economic performance through concepts like productivity and discusses how the US has a mixed economy with elements of both capitalism and socialism.
The document summarizes key topics from Chapter 1 of the textbook "Contemporary Financial Management". It discusses that the primary goal of a firm is to maximize shareholder wealth. It also describes different forms of business organizations like sole proprietorships, partnerships, and corporations. Additionally, it outlines the typical organization of a company's financial management function, including roles like the CFO and Controller.
Succession Planning for Purchasing Cooperatives & their Membersproject-equity
Employee ownership: Keeping businesses independent when family can’t take over
Succession planning is an urgent need among an increasing number of businesses, especially as baby boomers near retirement age. Because purchasing cooperatives are an important part of helping their independent business members stay independent, competitive and rooted in their communities, the National Cooperative Business Association (NCBA CLUSA) has partnered with Project Equity to better understand the succession challenges of purchasing cooperative member companies, and to assess how employee ownership transitions can help keep these companies independent over the long term.
Join NCBA CLUSA, Project Equity and our purchasing cooperative panelists to learn more about how purchasing coops and other independent business networks can utilize employee ownership and worker cooperative conversions to help locally-owned businesses stay locally-owned for the long term.
In this webinar, you’ll learn:
- How converting a business to employee ownership works
- Approaches to financing employee buy-outs
- Education programs you can implement across your business network
- General timeline and cost to consider for conversion
This document discusses financial management for small businesses. It covers topics such as the difference between accounting and finance, major activities in finance like planning, control and decision making, and how finance can affect the selection of a business's organizational type. It also discusses sources of capital for small businesses, including equity, debt and internal funds. Breakeven analysis is explained as a tool to determine the sales needed to break even. Maintaining relationships with bankers and understanding their loan evaluation process (CAMPARI) is also covered.
This document provides information on determining financing needs and sources of funding for businesses. It discusses evaluating how much capital is needed and whether existing cash flow can be used more effectively. Various sources of funding are outlined, including microloans, bank loans, SBA loans, equity funding from friends and family, crowdfunding, angel investors, and venture capitalists. It also covers the differences between equity and debt financing and important considerations for lenders such as ability to repay, credit history, and collateral.
The document provides an overview of different sources of financing for small businesses, including equity, debt, and gifts. It discusses financing options such as using personal funds, loans, crowdfunding, angel investors, and grants. The key tradeoffs discussed are that equity financing is more expensive but provides funds without repayment obligations, while debt financing has lower costs but requires repayment that can impact business performance. Overall the document aims to help small business owners understand their financial options at different stages and choose arrangements suited to minimizing costs and risks.
Managing Business Debts " A book to enlargen your horizon in managing busines...lewisjunior142
This document provides an overview of business debt, including its definition, types, advantages and disadvantages, management strategies, and how businesses can obtain debt. It discusses short-term and long-term debt, secured vs unsecured loans, and how debt can help businesses grow but also poses risks if not managed properly. The document also examines debt ratios, debt capacity, and includes case studies of how businesses have successfully used and paid off loans.
The Case For Impact Mezzanine Finance in Emerging MarketsPabloVerra
A primer developed for general partners, limited partners, large and small companies and the general public with an interest in optimizing financial structures in Emerging Markets. The presentation makes the case for general partners to deploy further mezzanine-dedicated funds in developing economies.
A common problem facing startup founders is how to adequately fund their businesses from inception through profitability.
Many rely on equity raises to climb up the J-curve, but the dilution that results is often a hefty price to pay. Fortunately, that isn’t the only option.
Venture debt is a potentially attractive alternative that founders tend to under-utilize. Whether you’re looking for a source of growth capital with minimal dilution, a way to extend your runway between equity financings, or both, venture debt is an important component of the capital structure for many venture-backed startups.
What’s best is that you don’t need to be an expert in debt financing to make venture debt work for your business. What you do need to understand, however, is how and when to access the venture debt markets.
Read more here: https://openviewpartners.com/blog
How to get a startup business loan with no money? If you are facing this problem, then you are in the right place. and sometimes getting a startup business loan with no money that can be challenging, but it's not impossible. Start by developing a well-researched business plan that highlights your market potential and revenue projections. Explore government-backed loan programs, such as Small Business Administration (SBA) loans, which offer favorable terms for startups.
Throughout this article, today we will explore "how to get a business loan with no money" and how seek out alternative funding sources like angel investors, venture capitalists, or crowdfunding platforms. Building a strong personal and professional network can also help you connect with potential lenders. Be prepared to demonstrate your commitment and passion for the business, and consider leveraging personal assets or securing a co-signer if possible. Persistence and thorough preparation are key to securing funding for your startup.
Mezzanine debt fills the gap between senior debt and equity for companies. It allows companies to access more capital at a lower cost than equity alone. Using mezzanine debt along with senior debt can reduce the amount of equity needed for projects like acquisitions or expansions. This improves returns for equity holders. Mezzanine lenders typically target returns around 20% and their investments provide stable financing over the long term.
Project finance deals with analyzing the financial feasibility of a particular project based on expected cash flows. It is a form of financing used for long-term infrastructure and industrial projects that often involve governments. Key features include risk sharing between multiple parties and better management. The different stages of project finance include feasibility, structuring, and implementation. Advantages are reducing lender recourse and maximizing leverage, while disadvantages include higher costs and disclosure requirements. Parties typically involved are the project company, sponsors, lenders, host government, offtaker, suppliers, and contractors. Sources of finance include loans, equity, retained profits, and sale/leaseback arrangements.
Take It To The Bank: Sam's Club Whitepaper Helps Small Business Navigate Loan...Sam's Club News
In the "setting yourself up for success" section: Sam's Club small business whitepaper titled "The Big Picture: Small-Business Loans in Today's Economy", aims to clarify and aid the often-times challenging process of obtaining a small-business loan.
This presentation summarizes short term and long term loans for businesses. It defines short term loans as those that must be paid off within 1-18 months, and lists common types like merchant cash advances, lines of credit, and payday loans. Long term debt is debt that matures in over a year, and companies use it for startup costs, equipment, and development. The presentation also outlines the typical requirements for a business loan application, including financial documents like tax returns, financial statements, accounts receivable/payable, and a business plan.
Venture Financings 101 (SAFEs, Convertible Notes, Seed and Series A) | Bardia...UCICove
An introductory crash course on the typical legal and business terms involved with, and negotiated in, venture capital fundraising including SAFE, Convertible Note, Series Seed and Series A financings.
There are many sources of financing available to a business owner. David Lerner Associates offers this list of loan sources - it should provide some ideas.
The document discusses various options for raising funds through debt financing, including different forms of debt like working capital financing, term loans, and project financing. It explains debt options like syndicated loans and mezzanine debt. Reasons for availing debt finance include using funds for working capital, projects, or assets. The document provides an overview of executing a debt financing project, which involves assessing funding needs and cash flows, preparing documents, discussing with lenders, negotiating commercial terms and security, and completing legal documentation.
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/factoring/
A simple way to think about factoring is to think of it as a company selling its invoices or accounts receivable (A/R) to a third party. It is not that simple, however, thus the purpose of this webinar. A factor makes a profit by buying A/R for less than 100% of its face amount. Companies that transact with factors are often cash-strapped. A factor will typically advance most of an invoice amount – usually between 70% - 90%. When the invoice is paid, the factor will remit the balance the company, less a transaction fee. This arrangement allows a company to get cash much faster than it would if it waited to be paid pursuant to the terms of its invoices (i.e. often 30 days) and even faster if its customer fails to pay within terms. This webinar discusses various common types of factoring arrangements; how to negotiate a factoring agreement; and alternatives to consider before deciding to factor.
There are a variety of capital sources available for private companies beyond traditional bank loans. Companies seeking funding should research options like asset-based lenders, mezzanine funds, and private equity firms. To access capital, companies need to understand what factors lenders consider, like the five Cs of credit. They should also cultivate relationships with multiple potential lenders and create a compelling funding package with clear business plans and financial projections. With the right preparation, companies can successfully tap alternative sources of funding to finance growth.
What Kind of Loan? (Series: Borrower or Lender BE)Financial Poise
In a broad sense, most loans can be divided into two basic types: an asset-based loan (ABL) and a cash flow loan.
An ABL is made by a lender who underwrites the loan primarily by valuing the company’s assets, such as accounts receivable (A/R) and inventory. An ABL lender underwrites a loan based on the ability to liquidate its collateral should it need to. A “cash flow” lender, in contrast, while also secured against the borrower’s assets, underwrites the loan primarily based on the cash flow and general credit-worthiness of the borrower.
The distinction between these types of loans is only the beginning of understanding the many types of loans available to a business, because within each of the two types there are many sub-types.
This webinar takes the audience through a guided tour of the various borrowing options available to businesses, from both a business and legal perspective, to paint the overall landscape of the different types of lenders that exist and to provide a framework for understanding what type of lender and loan may make sense for any particular borrower.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/what-kind-of-loan-2019/
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