Financial problems usually fall into one of two categories:
Cash Flow & Budgeting. Smart financial management is critical if you want to be profitable. Managing your cash flow allows you to see what’s ahead financially and budgets are a key part of the process. You can make strategic decisions and avoid drying up the well. But that’s not enough. You must also manage your cash flow if you want your bank account to keep up with your growth.
Capital for Operating or Expanding. If you want to start a company or grow your existing company, you need money.
Whether your idea is simple or complex, if you want that money to come from outside sources, you need a business plan.
Funding sources vary from government backed programs to private venture capital:
- 401K financing
- Asset-based loan
- Community Development Financial Institutions (CDFI’s)
- Federal government venture capital
- Microloan
- Royalty financing
- 504 loan
- Bank-term loan
- Direct public offering
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- Institutional venture capital
- Private loan guarantee
- SBA guaranteed loan
- Angel investor
- Business incubator
- Equipment leasing
- IPO
- Reverse merger
- Start up financing
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Soaring Phoenix will help you write your business plan, develop cash flow systems, and create effective budgets. Once you’re armed, we’ll help you find and court the right capital sources.
Uncontrolled Growth
Client Challenge: Client was a seven month old company in need of capital for rapid expansion. There were also operational issues that needed to be addressed in order to support the growth.
Soaring Phoenix Solutions: I began by conducting a reassessment of Vernon’s business strategy with a focus on controlled growth. Then I developed a business plan to secure the needed capital and Vernon was awarded a $250,000 LOC. The next step was to address the staffing problems he was experiencing. Most important, Vernon and I worked on his financial education so he could really take control of his company.
Client Comments:
“Seven months after I started my company, Fisherman's Marketing; I was facing some difficult decisions regarding the growth of my business. I faced challenges in operations, human resources and financially. I had to get the day to day operation under control, get the right support staff, and raise capital.
Your insight into my business and assistance helped me come to the right decisions and turned my company around in three months. I now have a smoother day to day operation, great staff, and because of your business plan, a loan of $250K. Our last two months have been profitable and we are on the path to double our sales this coming year. I have learned many things going through this process with you.”
Vernon Lingenfelter
President, Fishermen’s Marketing
Business Consulting
