You may need funds to
support rapid growth, offset
periods of slow payment or provide
working capital.
Research shows that
80 percent of businesses need financing at any given time.
Of those, 85 percent say it is difficult
to secure funding from local bankers. Why is it that
only 5 percent actually attempt to get financing? The most
frequent reason given is that they do not feel comfortable talking
to the people with the money.
New ventures
needing capital must depend on a well documented and frequently updated
business
plan. The objectives are two fold.
First, to give prospective investors a realistic valuation of the
feasibility and risks involved with a thorough analysis of capital
needs and applications. Secondly, to provide the entrepreneurial team
with a detailed operational guideline.
Rapidly growing companies
require not only adequate funding, but also strong operational and
financial controls. A detailed plan decreases the risks associated
with rapid growth by keeping the management team focused and financing
sources up to speed.
Special project
plans are used to assess the reality of undertaking new markets, developing
new products or services and analyzing feasibility
of financial profitability related to capital acquisition.
Mergers, acquisitions
and leveraged buy-outs require decisive action from a position
of strength. Business plans must reflect the financial structure of
the surviving company, as well as detailing the generation of increased
cash flow to meet new debt requirements.
Turnaround companies
must develop solid profitability. These plans describe management's
strategic
focus and how the plan will be implemented and properly executed to
accomplish the turnaround. It requires detailed support of increasing
revenues, expense cuts, and corporate asset management to secure the
proper capital sources.
Most entrepreneurs consider their resource pool
to consist of whatever personal assets they're willing to sink into
the business, and whatever money they might be able to get through
a local bank
loan. Yet, a number of alternative (or additional)
financing options may be available.
To assess whether your business can take advantage
of any of these financing options, you should begin by realistically
evaluating the investment profile and creditworthiness of your enterprise.
The basic things to consider are:
The Executive
Performance team has had extensive experience facilitating
financing in both private and public sector enterprises.
Public sector (non-profit and government
enterprises) may choose to finance projects and programs by applying
for and using grant
funds.
We have the capacity to provide the
following deliverables for Financing
your firm:
