All Topics > Business Services > Startup Business Financing >

Startup Business Financing North Carolina

The article first gives some reasons why entrepreneurs fail to get start-up money and then tells how to know that you are ready for the financing you need.

Local Companies

RSM McGladrey, Inc.
(704) 367-6251
4725 Piedmont Row Drive
Charlotte, NC

Accounting Principals
(704) 552-5454
6000 Fairview Road
Charlotte, NC

L. Frazier Accounting
(704) 553-9996
1510 Burnley Road
Charlotte, NC

Padgett Business Services
(704) 248-6283
6000 Fairview Rd
Charlotte, NC

Paragon Commercial Bank - Charlotte Office
(704) 644-4001
4725 Piedmont Row Drive
Charlotte, NC

SouthPark Jewelers
(704) 554-6010
5950 Fairview Road Suite 12
Charlotte, NC

Wagner Noble & Co.
(704) 552-0553
5970 Fairview Road Suite 402
Charlotte, NC

Mauney-Pitt Financial Management
(704) 481-0101
310-2 E. Graham St.
Shelby, NC

American General Auto Finance
(704) 846-0134
1811 Sardis Rd N
Charlotte, NC

Almost every entrepreneur has a start-up financing horror story, how the banker giggled while reviewing the business plan. Because of experiences like these, entrepreneurs often assume that lenders and investors lack either money or good business sense to know a good deal when they see one. But the real reason that most entrepreneurs cannot get financing for their new business is they are just not ready for the money. In other words, if they received the money today, most entrepreneurs would spend it without any long term positive results. Being ready for start-up financing means having a plan for spending the money wisely and being able to prove to others that they will follow it. failing to convince potential lenders and investors that they can add value to their business using these peoples money is a surefire way to be rejected.

Here are some of the reasons why entrepreneurs fail to get start-up money:

1. Poor communication: Refers to inadequate description of the business.

2. Insufficient sales and marketing strategies: Remember the old adage: " Nothing in business happens until someone sells something." Investors like to see about 30% of a business plan devoted to marketing and selling.

3. Ignoring the negatives: Every business venture faces threats and problems. Investors get nervous if an entrepreneur cannot explain them.

4. Over-emphasis on the product or service. A common tendency of entrepreneurs is to fall in love with their product or service concept. Spend time in selling the entire business concept.

5. No assumptions for financial projections.

6. Insufficient evidence of the market.

7. Failing to know how much money you need.

8. Failing to set yourself and your business apart from the rest.

What can you do to prove you are ready for the financing you need?

1. Your business plan must explain the business, not just the product or service and its competitive advantage.

2. Your business plan must show that you understand the power of the bottom-line, providing a way to pay back loans or produce an attractive return on investment.

3. You must have a clear strategy for marketing your product or service and know what it will cost to make or provide.

4. You must show exactly how you will use the money to meet your company's goals.

5. You must prove that the business concept will work, that customers will buy your goods or services, before looking for money.

About the Author:

Andrew Smit

http://www.turtleherbestate.co.za where you will find Global solutions and ideas. Turtle Herb Estate Holdings consists of 3 forward thinking entrepreneurs with expertise in marketing & DTP advertising, farming culinary and medicinal herbs, web design and online marketing, horse breeding (sport horses), we embrace a holistic approach to entrepreneurship.

Article Source:

thePhantomWriters Article Submission Service

Featured Local Company

RSM McGladrey, Inc.

(704) 367-6251
4725 Piedmont Row Drive
Charlotte, NC

Read more about Startup Business Financing

- Long- and Short-Term Financing for Businesses North Carolina

As a business expands, keeping the cash flow healthy can be challenging. Short and long term financing options, which can provide financial relief for various business needs, may be one way to help mitigate concerns.

- Financing Through Factoring North Carolina
- Startup Ideas From Home-based Business Advisor North Carolina
- Common Startup Mistakes North Carolina
- How To Find Capital North Carolina
- Financing Options For Your Business North Carolina
- Bootstrap Financing Your Way To Business Success North Carolina
- Fast-Growth Startup Resources North Carolina
- Small Business Interest Rate Trap North Carolina
- Business Startup Loans North Carolina

Regional Articles

- Financing Options For Your Business North Carolina

Before you shop for a lender, you should know what is available in the way of corporate business financing. Read on for more information.

- How To Find Capital North Carolina
- Fast-Growth Startup Resources North Carolina
- Business Startup Loans North Carolina
- Financing Through Factoring North Carolina
- Common Startup Mistakes North Carolina
- Startup Ideas From Home-based Business Advisor North Carolina
- Small Business Interest Rate Trap North Carolina
- Bootstrap Financing Your Way To Business Success North Carolina
- Long- and Short-Term Financing for Businesses North Carolina

Related Local Events

Economic Forecast Luncheon
Dates: 12/1/2009 - 12/1/2009
Location: Gaston Country Club
Gastonia, NC
View Details

Economic Outlook Conference 2009
Dates: 12/2/2009 - 12/2/2009
Location: Charlotte Convention Center
Charlotte, NC
View Details

Rebarcamp Rdu
Dates: 11/6/2009 - 11/6/2009
Location: Raleigh Regional Association of Realtors
Cary, NC
View Details

Membership Matters Breakfast (Membership)
Dates: 11/3/2009 - 11/3/2009
Location: Raddisson RTP
RTP, NC
View Details

Advertising	Food & Beverage	Nightlife
Business Services	Franchise	Online Database
Career	Health	Pets
Cars	Holidays	Real Estate Resources
Computer Hardware	Home Appliances	Retail & Consumer Services
Construction	Home Electronics	Software
Education	Home Services	Technology
Entertainment	Industrial Goods & Services	Telecommunications
Environmental	Insurance	Trade Shows
Family	Internet	Travel
Fashion	Legal	Weddings
Financial Services	Miscellaneous	World History

Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History