Lifeboat discussionA negative description of what managers do when layoffs are planned. In this unfortunate situation, hard decisions must be made regarding who will stay on the boat and, ahem, who will be thrown overboard to die in the cold, shark-infested waters.
Lifeboat discussion
an illustration by Gahan Wilson from Ron's Book "Green Weenies and Due Diligence"
Debt, Equity & Finance
Funding Your Start Up or Existing Small Business: Should You Take on Debt or Give Up Equity?
Each business has its own unique set of industry conditions and business model cash flows that influence the amount of risk taking on debt represents. The right combination of debt and equity is dependent upon the amount of risk to the operating cash flow.
With extensive experience in starting and growing small businesses, Mr. Mission Possible can help you make the right choice when it comes to funding your enterprise. Drawing upon 30 years of business building success, Mr. Mission Possible has helped many clients get the money needed to start, buy, or grow small businesses.
He can help you explore the feasibility of different funding options and give you practical advice on how to proceed on your chosen path.
Funding a Start-Up or Existing Small Business With Debt
Ron started his first business with $3500 and a used VW. He understands how to bootstrap, but he also knows what is most important to bankers when they review a small business loan request. If you are considering applying for a small business loan to fund a start-up or expand your business, Mr. Mission Possible has "been there, done that" many times.
He will share with you the metrics and ratios that bankers will use to evaluate your request and help you maximize your chances of getting to "yes."
Mr. Mission Possible offers hourly or flat rate consultation on funding your business with debt.
- Reviewing your financials and discussing feasible small business financing options;
- Helping you understand the key financial ratios that bankers use to evaluate your application;
- Helping you reconcile your financials to the performance of your company;
- Helping you identify "hot buttons" for your banker;
- Sharing practical methods to minimize taxes while satisfying bankers with earnings, IRS audits, and capital decisions;
- Providing time-tested advice on the best ways to structure short and long term debts;
- Taking advantage of SBA loan programs - Ron has gotten three SBA loans for his businesses and helped countless consulting clients use the SBA loan program to expand their operations using both full doc and low doc lending options;
- Preparing a Business Plan for your banker as part of the loan application;
- Structuring offers to buy small businesses - Mr. Mission Possible has helped many clients buy small businesses with or without real estate;
- Meeting with you and your banker in person.
Funding Your Small Business by Raising Capital
If you are considering raising money by inviting investors to become stakeholders in your enterprise, Mr. Mission Possible can help you succeed in an arena where few small businesses do. He has done two successful over subscribed private stock offerings. He raised $1,000,000 to expand his auto salvage business, and $2,000,000 to start an auto salvage auction.
Many companies offer advice about private placement stock offerings, but only a tiny fraction of their small business clients ever raise a dime. The reason that small businesses rarely succeed with private placements is that the sophisticated advice needed to field a successful offer costs more than most small businesses can afford to pay. Mr. Mission Possible consulting provides a cost-effective answer to help entrepreneurs get the guidance they need.
Ron isn't in the business of raising money, but he has done a pair of successful private placements. Drawing on this experience, he can offer reasonably priced advice to help make certain that you are well prepared to attract investors.
Flat Fee For Consulting on Raising Capital For Small Business Owners
Before you spend thousands of dollars attempting to raise money from investors, get some expert advice from a small businessperson with a record of raising money from investors. Mr. Mission Possible's flat fee consulting offer includes these services:
- Meeting with you in person or by phone to discuss your venture and business plans;
- Providing advice on preparing a business plan for raising capital;
- Reviewing and refining your business plan once it has been drafted;
- Advising you on the feasibility of raising capital from investors and your options;
- Sharing with you examples of past successful offerings and advising on ways to help yours succeed;
- Ongoing meetings in person or by phone to help you develop your offering or explore debt options if more appropriate for funding your business plan;
- Assisting you in locating an attorney to help you prepare a stock offering;
- Discussing tax implications of your choice of entity, succession planning and operating business.
Raising money from investors is an arduous task. Working with Mr. Mission Possible gives you help from a person who has been successful in an arena where few small businesses ever are. His initial fee includes six hours of help and guidance. There is no need to spend tens of thousands of dollars to prepare to attract investors to your business.
Working with Ron will save you money and heartache as you prepare a private placement stock offering. He's been there and done that and will share what you need to know to maximize your chances of having a successful private stock offering.
If you need more help after the initial six hours, you will find Ron's fees very reasonable.