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    Beyond Bankable: Business Funding for the Modern Entrepreneur
    Beyond Bankable: Business Funding for the Modern Entrepreneur
    Beyond Bankable: Business Funding for the Modern Entrepreneur
    Ebook69 pages40 minutes

    Beyond Bankable: Business Funding for the Modern Entrepreneur

    By Kimberly N. Evans

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    About this ebook

    This easy-to-read book is for the entrepreneur or business owner who desires to understand the many modern alternatives to financing a business as a start up or for growth. Learn the differences between using crowd funding, traditional loans, bootstrapping, private equity, incubators and accelerators. Don't go into debt to get your business up and running or to expand before looking into the many alternatives.
    LanguageEnglish
    PublisherBookBaby
    Release dateApr 12, 2014
    ISBN9781483539324
    Beyond Bankable: Business Funding for the Modern Entrepreneur

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      Book preview

      Beyond Bankable - Kimberly N. Evans

      Beyond Bankable

      Business Funding for the Modern Entrepreneur: Crowd Funding, Traditional Banking, Bootstrapping, Incubators, Accelerators and Private Equity

      By Kimberly N. Evans

      Beyond Bankable

      Copyright 2014 Kimberly N. Evans

      All rights reserved.

      ISBN-13:

      978-0692206621 (KNE Publishing Solutions)

      BUSINESS COACH FOR THE MODERN ENTREPRENEUR

      http://www.kimberlyNevans.com

      @twitter.com/kimberlyN_evans

      @facebook.com/knesolutions

      Dedication

      I dedicate this book to everyone who has a dream

      of owning their own business and is willing to commit to making it happen!

      The only thing that keeps anyone from realizing a dream, is their inability to creatively imagine the many ways to achieve their goals. Kimberly N. Evans

      Content

      1 Alternative Financing

      Bootstrapping

      Private Equity

      Incubators

      Accelerators

      2 Traditional Bank Loans

      Traditional Lending

      The 5 Cs of Credit

      Loan Types

      Managing Your Personal Credit Score

      Taking Actions to Improve Credit Score

      Ownership and Personal Guarantees

      Traditional Funding and Start-ups

      Submitting Your Loan Application

      Managing Business Credit

      Pulling it Together

      3 Crowd Funding

      What is Crowd Funding?

      Types of Crowd Funding

      Everyone is Not Excited!

      Closing the Gap on Income Inequality

      Crowd Funding Dos and Don’ts

      Launching a Successful Crowd Funding Campaign

      4 Realizing Your Dream

      Entrepreneur Resources

      5 # Game Change For All

      C.O.R.E. Building

      Creating a Modern Viable Business

      About the Author

      Where to find more books from this Author?

      Book KIMBERLY N. EVANS to Speak AT YOUR NEXT EVENT!

      1

      Alternative Financing

      Bootstrapping

      Bootstrapping a business is my favorite form of business financing. Why? Because bootstrapping tests the absolute viability of a company and the creative prowess of its founders. Just exactly what is bootstrapping? Bootstrapping is a type of business financing that does not involve any outside capital, from sources such as venture capitalists, angel investors, nor private equity firms.

      When bootstrapping, the main sources of capital come from the owners’ pockets, friends and family, donation or reward based crowd funding, or government grants. Creative entrepreneurs can also bootstrap a business by bartering their services for in-kind resources, and by entering into non-equity start-up pitch competitions that offer a cash-prize to the winners, and by pre-selling a product or service, or by using the funds of early adopters who may gain a competitive advantage by the use of a product.

      What do I mean by using funds from early adopters? In some cases a product such as software, or hardware may enable companies in a particular industry to gain a competitive advantage by being the first to use a product. In exchange for up-front investment, you as the creator or inventor offer exclusive use of the product for a period of time. As the proprietary owner, you keep all the intellectual property rights related to the product and in return gain a customer who is willing to invest and test the product in their environment. This type of creative bootstrapping is not very common, but should be.

      I have a colleague who was able to cut the start-up costs of her to be developed mobile application down from $250,000 to roughly $11,000 dollars. Creatively, she thought of approaching a company whose software product she was using in her business. Her mobile app was a direct compliment to their business, so she thought why not ask them for assistance. The only thing that could happen would be a yes, no, or non-reply to her request.

      Through savvy networking she was able to develop a direct line of communication with a decision maker at the company and, as the old saying goes the rest is history! They

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