Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance ...
Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance Your Business
Question:
"Raising start-up money is one of the great hurdles in starting a business. Would you have any recommendations or some basic do's and don'ts as to how people should go about this great challenge?"
Rod Banks
Executive Vice President, City National Bank
Topics covered in this video:
starting a business, financing, loans, writing a business plan
Transcript:
First off, before you begin to think about getting your start-up money together, you need to have a business plan. And once you put the business plan together it will help you to determine how much money you need to start your business. Once you determine the amount, then you've got to decide: where is the best place to get it? In today's world it is very difficult to go to a commercial bank--the typical bank you see on the street-- for a start-up business type of loan.
A lot of first time entrepreneurs will start off by using their own personal savings or look to a friend or a relative to see if they can get a friendly partner in with them. Some people will look at putting a lien to some degree on their home. Because of the credit card boom, a lot of people today will take credit card solicitations that come out. And it's perfectly okay to take one of these low interest rate credit card offers if you manage it in a very responsible manner.
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Added: 269 days ago
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In order to finance a start-up business, banks may require a guarantee from the Sma...
In order to finance a start-up business, banks may require a guarantee from the Small Business Administration. Investigate business financing with tips in this free entrepreneur advice video from a professional business consultant.
Expert: Emily Gasner
Contact: www.tmcworkingsolutions.org
Bio: Emily Gasner is the program director for Working Solutions in San Francisco. Working Solutions is a 501(c)(3) nonprofit organization that provides business advice to under-served micro-entrepreneurs.
Filmmaker: Sam Lee
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Added: 262 days ago
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Added: 269 days ago
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SubHub (www.subhub.com) presents a 10 video course in how to start an internet busi...
SubHub (www.subhub.com) presents a 10 video course in how to start an internet business from scratch. In the first video you will learn all the different steps that you will have to take to launch a money making website:
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Added: 268 days ago
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start Your Own Home Business Without Spending A Dime!
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Added: 268 days ago
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In order to raise money to start a new business, research target customers in advan...
In order to raise money to start a new business, research target customers in advance. Finance a new business with the tips in this free entrepreneur advice video from a professional business consultant.
Expert: Emily Gasner
Contact: www.tmcworkingsolutions.org
Bio: Emily Gasner is the program director for Working Solutions in San Francisco. Working Solutions is a 501(c)(3) nonprofit organization that provides business advice to under-served micro-entrepreneurs.
Filmmaker: Sam Lee
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Added: 268 days ago
Views: 3
When financing a business start-up, take out loans against assets such as personal ...
When financing a business start-up, take out loans against assets such as personal property. Fund a business with the tips in this free video offering entrepreneurial advice from a professional business consultant.
Expert: Emily Gasner
Contact: www.tmcworkingsolutions.org
Bio: Emily Gasner is the program director for Working Solutions in San Francisco. Working Solutions is a 501(c)(3) nonprofit organization that provides business advice to under-served micro-entrepreneurs.
Filmmaker: Sam Lee
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Added: 268 days ago
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http://www.innoventum.com Want to start your own business? Learn how with this fre...
http://www.innoventum.com Want to start your own business? Learn how with this free business start up guide. How to start a small business made simple. Small business startups should use this tool.
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Added: 265 days ago
Views: 4
WSI Internet - start a New Consulting Business/Franchise -Presented by: MajorFranch...
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Added: 269 days ago
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Added: 269 days ago
Views: 5
A cash flow statement shows how much money is coming in and going out of a business. Monitor the suc...
A cash flow statement shows how much money is coming in and going out of a business. Monitor the success of a business using the tips in this free entrepreneur advice video from a professional business consultant.
Expert: Emily Gasner
Contact: www.tmcworkingsolutions.org
Bio: Emily Gasner is the program director for Working Solutions in San Francisco. Working Solutions is a 501(c)(3) nonprofit organization that provides business advice to under-served micro-entrepreneurs.
Filmmaker: Sam Lee
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Added: 268 days ago
Views: 5
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Added: 265 days ago
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This short video shows you how to pause and resume ads within your AdWords account.
This short video shows you how to pause and resume ads within your AdWords account.
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http://www.sitmeanssit.com Click yellow button to subscribe. Fred Hassen, CEO of Sit Means Sit Dog ...
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Added: 268 days ago
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Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance ...
Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance Your Business
Question:
"Are there any recommendations you would have for somebody looking to make a financial request to a financial institution?"
Rod Banks
Executive Vice President, City National Bank
Topics covered in this video:
Business loans, financing, banking, honesty
Transcript:
One of the best things a new entrepreneur can do is to think of their banker as a financial partner. Building a relationship with the bank, with the institution, with the individual is going to be the key. I would find someone who is really interested in your business: who will take the time, who will come out and take the tour and who will ask all the appropriate questions. Because if you think about it, this is the individual who is going to be your representative back to the bank to talk about your business.
Now on your end you should invest the proper time to build the relationship with that banker. Get to know them. Find out how long they have been with the bank, find out about their career and make sure that you stay in contact and build a relationship over time. And the last piece of advice I'd offer is that no matter what the information might be about your company, always share it. Bankers want to know as much as they can about your business. They don't like surprises. If you have bad news they would much rather you deliver it as opposed to having the bank hear about it second hand. So good communication with your banker will be one of the best pieces of advice I could give anybody starting a business.
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Added: 268 days ago
Views: 5
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In this business tv show, online marketing guru David Meerman Scott reveals what the most important ...
In this business tv show, online marketing guru David Meerman Scott reveals what the most important elements of a website are and where the most attention should be focussed:
"I think there are three different focuses of websites and all three need to work together. But I think the most important element is the content and those three elements of a website are the content, the design and the technology that underlies it.
I think all three things are important, the technology is important, the design is important and the content is important. But ultimately the best websites are developed with content as the starting point. I always get a chuckle out of (inaudible) is given for the best books and the best magazine articles. Imagine if the (inaudible) was given instead to the best book cover or the best magazine article picture. They are not, they are given to the best content.
So I think the same thing applies to websites. The most important thing should be the content; the prizes should be given out for the best content because that is what people are looking for on sites. Driven once by content, with those other things being secondary but still very, very important."
See more business news television shows from business expert David Meerman Scott, as he gives his top expert business advice at http://www.yourbusinesschannel.com
Find out more about the very latest show releases, as well as other yourBusinessChannel news by visiting our blog at http://www.yourbusinesschannel.com/blog.aspx
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Added: 261 days ago
Views: 2
starting a credit repair business doesn't require licensing, but it does require a ...
starting a credit repair business doesn't require licensing, but it does require a business certificate. Take business classes and give financial advice professionally with tips from a financial consultant in this free video on credit cards and personal finance.
Expert: Carrie Kukuda
Contact: www.wearehdtv.com
Bio: Carrie Kukuda has a business administration degree, and was branch manager of a community bank.
Filmmaker: Christopher Rokosz
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Added: 262 days ago
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Claire Morley-Jones of HR 180 tells us about how she runs her successful HR business from home. To f...
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Visit www.gregbrede.com to learn more about how to run a successful manufacturing or industrial busi...
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