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Startup Business Loans Bangor ME

This page provides relevant content and local businesses that can help with your search for information on Startup Business Loans. You will find informative articles about Startup Business Loans, including "Five Tips To Help Entrepreneurs Find Early Stage Capital in a Tough (But Improving) Market:". Below you will also find local businesses that may provide the products or services you are looking for. Please scroll down to find the local resources in Bangor, ME that can help answer your questions about Startup Business Loans.

Abigail Pons
Capella Financial Services, LLC
(207) 370-4269
27 State Street, #32
Bangor, ME
Expertises
Socially Responsible Investments, Hourly Financial Planning Services, Middle Income Client Needs, Investment Advice without Ongoing Management, Retirement Plan Investment Advice, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Ms. Durell Buzzini, CFP®
(207) 947-4543
One Merchants Plaza, 3rd floor
Bangor, ME
Firm
UBS Financial Services, Inc.

Data Provided By:
Abigail T. Pons, CFP®
(207) 370-4269
27 State St Ste 32
Bangor, ME
Firm
Capella Financial Services, LLC
Key Considerations
Average Net Worth: Not Applicable



Data Provided By:
Mr. James E. Bradley, CFP®
(207) 990-1901
9 May St
Bangor, ME
Firm
Bradley & Johndrow, LLC

Data Provided By:
Mr. Vance B. Gray Jr., CFP®
(207) 992-2819
128 Broadway
Bangor, ME
Firm
Vance Gray Wealth Mgmt, Inc.
Areas of Specialization
Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Donald C. Hagstrom, CFP®
(207) 942-2367
105 Main Street
Bangor, ME
Firm
Ameriprise Financial

Data Provided By:
Mrs. Racquel H Tibbetts, CFP®
(207) 262-5713
23 Water Street
Bangor, ME
Firm
KeyBank, N.A.
Areas of Specialization
Investment Management

Data Provided By:
Mr. Bruce Roscher, CFP®
(207) 947-0558
498 Essex St
Bangor, ME
Firm
Neurology Associates of Easter

Data Provided By:
Mrs. Patricia Dawn Freiwald, CFP®
(207) 974-4153
871 Hammond St
Bangor, ME
Firm
BANGOR SAVINGS BANK
Areas of Specialization
Employee and Employer Plan Benefits, General Financial Planning, Investment Management, Retirement Planning, Risk Management, Wealth Management
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000

Profession: Service Professionals

Data Provided By:
Ms. Jean Marguerite Deighan, CFP®
(207) 990-1117
455 Harlow St
Bangor, ME
Firm
Deighan Wealth Advisors

Data Provided By:
Data Provided By:

Five Tips To Help Entrepreneurs Find Early Stage Capital in a Tough (But Improving) Market:


How the Venture Capitalists Nationwide Say to Do It
By Brian Hill

Profit Dynamics Inc., a research firm in Fountain Hills, Arizona,  recently conducted a survey of 74 venture capital firms from all regions of the United States. They were asked their views about the outlook for the early stage capital market in the upcoming year. On the whole, the VCs responded with at least a moderate degree of optimism, the overall theme being--the worst may be over. They were then asked this question:

What advice would you give to entrepreneurs looking for early stage capital?

Here's what they told us:

1. Be Prepared

In both good times and bad, this is good advice: Be thoroughly prepared for the presentation to VCs and focus on why your business will make money for investors.

2. Conserve Capital

In the late 1990's, capital was much more plentiful and in some cases, management teams looked at the term "burn rate" to literally mean they had investors' money to burn, and when one round of financing ran out, they could easily go out and get more. From 2000 and up to today, a massive reality check occurred in the market for early stage capital. The emphasis now is on conserving capital and reaching as many milestones as you can on your own without investors' money.

3. Be Committed

In the due diligence process, investors try to determine the level of commitment the management team has to the business. Will the team exhaust themselves trying to make this business succeed? Part of that commitment can be financial, both in terms of willingness to commit personal resources to the venture, and the willingness to forego compensation until the cash flow of the venture becomes positive.

4. Have An Outstanding Management Team

One way investors mitigate risk is to only put money behind the very finest management teams. An ever-viable maxim applies (and you imagine VCs carry this around in their wallets): a great team with a mediocre idea succeeds more often than a great idea with a mediocre team. The strength of the management team is even more critical to them when the new venture will be trying to gain a foothold in tough economic times.

5. Be Patient and Persevere

Even in the exhilarating days of the Internet boom, entrepreneurs were sometimes shocked by how long it took them to obtain seed stage or first round capital. For one thing, they did not take into account the incredible number of ventures that were begun...

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