Business Finance Solutions - 512-990-8756 http://bfs-usa.com Creating cash flow for businesses Thu, 18 Jun 2015 00:37:23 +0000 en-US hourly 1 Creating cash flow for businesses Business Finance Solutions - 512-990-8756 clean Creating cash flow for businesses Business Finance Solutions - 512-990-8756 http://bfs-usa.com/wp-content/plugins/powerpress/rss_default.jpg http://bfs-usa.com Leveraging 5 generations in the workplace to improve your success http://bfs-usa.com/leveraging-5-generations-in-the-workplace-to-improve-your-success/?utm_source=rss&utm_medium=rss http://bfs-usa.com/leveraging-5-generations-in-the-workplace-to-improve-your-success/#comments Wed, 17 Jun 2015 21:08:47 +0000 http://bfs-usa.com/?p=1463 Managing five generations in the workplace can be challenging for small business owners. Creating a culture that is productive for Boomers and Millennials alike can be done. Baby Boomers in the work place We have all heard about the Baby Boomers and their impact on...

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Managing five generations in the workplace can be challenging for small business owners. Creating a culture that is productive for Boomers and Millennials alike can be done.

Baby Boomers in the work place

We have all heard about the Baby Boomers and their impact on the workforce and work culture. There are over 74 million Baby Boomers in the US today. They account for 31% of our workforce today and own over 60% of all businesses in the US, and Baby Boomers hold 56% of all the corporate leadership positions in American companies. Although, about 10,000 Baby Boomers turn 65 every day, they are still working and active in driving business decisions.

Millennials the next force to understand

A more amazing demographic trend is the 75+ million Millennials that will overtake the Boomers as the largest demographic cohort soon. This generation is perhaps the most studied of all the generations since they represent a huge shift in attitudes, diversity and economic potential. The Millennials are known for their appetite for technology and media. They multi-task across several devices and seek solutions that create more balance across their personal and work lives.

Sandwiched in the middle of these two large demographic groups are the Gen-X and Gen-Y. A fifth demographic group is just now entering the workplace. These are the children of the Gen-X, who will bring new communication expectations to the workplace.

Demographics are important to our businesses. Generational attitudes and work styles impact so many areas of our businesses from buying decisions, customer service expectations, to dress codes and office policies. Creating communication strategies for a multi-generational workplace that is as productive for Boomers and Millennials and everyone in between can be done. Susan Word, of ForWord Connections, will guide us through the topic of how to manage a multi-generational work force.

Free Meet-up on “How to leverage 5 generations in the work place – to improve your success” – June 25, 2015:

Multi-generational Meeting Topics:

  • Who are the 5 generations in the workforce today
  • Value sets for each generation & key motivators
  • Communication strategies for a multigenerational workforce

 

Susan Word

Susan Word, SPHR – ForWord Connections

Susan Word, SPHR, Founder, ForWord Connections

Susan began her career as a commissioned officer in the United States Army where she served as a helicopter pilot and maintenance test pilot. Through her civil service and private sector career, Susan has worked in various human resource and management functions.

Today, ForWord Connections provides clients human resource solutions that improve productivity, efficiency, and communication and employee morale. She has a Master’ degree in Human Resources from the University of Texas at Austin and is currently an Adjunct Instructor for Austin Community College.

Why attend this seminar on multi-generations in the workplace

If you have employees in your company, or if you plan on hiring contractors, part-time or full-time employees, you need to hear this presentation. Understanding generational work styles and communication needs is critical to the success of your business. This information is also vital to your customer service and marketing efforts. Let us guide you through these demographic information. Join us to hear Susan insight in the communications strategies in the work place.

If you are going to hire a contractor or new employee this during the next year, come out and learn about how to create communication strategies for a multigenerational workplace.

FREE MEETUP (Lunch is on your own)
Thursday, June 25, 2015 – 11:30a-1:00p
Sherlock’s Baker Street Pub
9012 Research Blvd, Austin, TX 78758

RSVP: http://www.meetup.com/Austin-Small-Business-Gorilla-Operations-and-Finance-Jungle/events/223203690/?utm_source=rss&utm_medium=rss

The Austin Small Business Gorilla Operations and Gorilla Finance group has been meeting for almost six years. Many of our members are original to the group, and each week we welcome newcomers. Our goal is to provide business owners with free business education that they can immediate use in the operations of their businesses. In exchange we learn from great local experts and build a strong business network for our members.

Be sure to actually “join” our Meetup, by registering on the site and completing your profile. Each month you will receive an email notice announcing the topic for the month. Stop by for those meetings that interest you and let us know if you have any suggestions on topics or speakers. It’s free to join.

Register today!


Francoise Luca, Chief Marketing Officer, Business Finance Solutions, is co-organizer of the Austin Small Business Operations and Gorilla Finance Group.

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Top Secret for Making Investor and Lender Presentations http://bfs-usa.com/top-secret-for-making-investor-and-lender-presentations/?utm_source=rss&utm_medium=rss http://bfs-usa.com/top-secret-for-making-investor-and-lender-presentations/#comments Thu, 11 Jun 2015 15:34:20 +0000 http://bfs-usa.com/?p=1445 The top secret to making an investor and lender presentation is understanding the four parts of your enterprise they want to understand. Most companies spend considerable money developing brochures, videos, presentations for their clients they sell their product or service to. Unfortunately for most owners...

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The top secret to making an investor and lender presentation is understanding the four parts of your enterprise they want to understand.

Making investor and lender presentations requires research, preparation, and practice to get the capital you need for your business!

Making investor and lender presentations requires research, preparation, and practice to get the capital you need for your business!

Most companies spend considerable money developing brochures, videos, presentations for their clients they sell their product or service to. Unfortunately for most owners seeking capital or loans, they spend very little time thinking about how they need to prepare for an investor or lender presentation and what the investor wants to know.

The same principals that apply to selling your product or service apply to presenting your case about why a lender or investor would risk their money with your company. The process though is not all about explaining your product or service to the person(s) you are trying to convince.

Investors and lenders want to know about four broad areas of your enterprise and they give approximately the same weight to each area.

Investors and Lenders want to understand Your Company Management Expertise and Skills (25% value)

Investors and lenders want to understand that your management TEAM has a much better than average chance of succeeding in the business enterprise, especially after they invest or loan your company money. Spend time in your presentation discussing the depth and width of your company team.

If you are light on talent within your company, discuss how you have surrounded yourself with the best trusted advisors you can. Trusted advisers generally include your business and/or intellectual property attorney, your CPA, your banker or other financing consultant, and finally your risk manager (insurance agent). If your company is going to have many employees you might need to have an HR consultant. If your enterprise involves potentially dangerous processes or products, a safety manager may be important.

Investors want to understand your marketplace and they businesses your company serves (25%)

You may have a geographical marketplace, a vertical marketplace or both. Use accurate market anaysis statistics about the market(s) you serve. Discus how large they are. If geographical proximity is important to how your customer purchases your product or service, consider using a map showing the number of potential customers in your geographical area and the potential number of service opportunities you have with those customers. If your market is more vertical than geographic, customize your presentation to emphasize the various vertical markets you operate in.

The business problem you solve and how you are going to solve it better with an investor / lender helping you (25% value)

Let’s assume you manufacture very complex, expensive parts for undersea oil exploration. Your precision machine shop has to be concerned with extremely close tolerances and absolutely perfect quality control. Companies that buy products like yours have millions if not billions of dollars at risk in their own projects and a catastrophic failure could result in a disaster like the BP Gulf of Mexico Deepwater Horizon disaster.

Your precision manufacturing machine shop may have a stellar reputation for the highest quality products produced with the best quality control processes and checks. An example of the business problem you are going to solve might be providing the highest quality work on-time, without defects, and within budget when other machine shops don’t have the same quality track record you do.

Your presentation would include describing the business problem, i.e. lack of machine shops capable of providing the quality required for the harsh undersea environment. Spend time explaining the way your company can solve the business problem. Be elegant, be concise. Make sure you understand the most important business problem and how you can solve it better than other machine shops.

Investors and lenders want to know how much money you will make and how they will be rewarded or paid back

Although this section is last, don’t cut corners in describing your projected EBITDA and return on investment. Use well designed charts that show your projected results you plan to achieve with their infusion of capital. Plan on explaining how an investor is going to share in the profits of the company. Lenders are more concerned about making sure you can always make your loan payment on time. Customize this part of of the presentation based on your audience. Below is an example of a projected EBITDA chart our company likes to use:

Use easy to read charts like this EBITDA chart for your investor and lender presentations.

Use easy to read charts like this EBITDA chart for your investor and lender presentations.

Final Tips for Making Investor and Lender Presentations

  • The four parts of your presentation are about equal to each other. If you have 20 minutes to make your presentation (an ideal length) spend about five minutes on each main part.
  • If you don’t have the skills to create charts and graphs consider using a professional to help you get them to tell the best story you can.
  • Make sure you can answer any questions about the material you have put together. Try to think like an investor would think.
  • Practice your presentation with an audience that can help you improve your content or presentation style.

 

Business Finance Solutions has been successful in helping hundreds of companies with their capital needs because we have 20+ years experience understanding the process of what investors and lenders want to see. If you are trying to raise your next round of equity or debt let us help you present your ideas using our proven methods of analysis and presentation.

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Unconventional Financing Options http://bfs-usa.com/unconventional-financing-options/?utm_source=rss&utm_medium=rss http://bfs-usa.com/unconventional-financing-options/#comments Mon, 25 May 2015 16:15:38 +0000 http://bfs-usa.com/?p=1418 Unconventional Financing brings owners new options – The speed at which unconventional financing methods has changed over the last year is staggering. Just five years ago, most business owners’ only financing source was their local bank. Today, there are many new and unconventional financing sources...

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Unconventional Financing brings owners new options – The speed at which unconventional financing methods has changed over the last year is staggering. Just five years ago, most business owners’ only financing source was their local bank. Today, there are many new and unconventional financing sources to fund start-up and small businesses. At this month Meetup our speaker will be Sam Thacker, and we will explore the rapidly changing financing landscape and the many new options for growth capital.

Sam Thacker - BankerSam Thacker, President of Business Finance Solutions, has 20 years in the commercial banking. For most of his career, he specialized in finding small to mid-cap sized businesses financing solutions that best fit the needs of his clients’ business plans. Today, he has many new unconventional financing options as well as traditional funding sources to help his clients.

In this presentation, he will discuss who the winners and losers are in our ever changing world of small business financing. Sam will share his experience with many of the financing tools and talk about how his clients used these to grow their business. Most importantly, Sam will explain when to use each type of unconventional financing and when to seek more traditional funding sources.

Innovative Financing

Earlier this month Sam presented this topic at the Innovation Week hosted by People Fund. His presentation drew some of the events largest crowds. Sam’s entertaining presentation style and knowledge impressed the audience. We expect he will also entertain and educate our Meetup group this month.

Unconventional Financing

So, what are some of the unconventional financing options available to fund your business growth? This month we’ll explore some of these examples:

  • Conventional bank loans – Many small business owners are frustrated that conventional bank loans aren’t materializing. Underwriting for commercial lending continues to change and many small to mid-cap sized businesses are being turned away for conventional bank loans. We’ll discuss when conventional bank loans are a good fit for your business. We’ll also discuss how to manage conventional bank loans for optimal business funding. The discussion will also include when it would be better to seek an unconventional financing solutions before seeking a conventional bank loan.
  • Crowd funding – This much talked about financing tool is not just for start-ups any more. Many established companies are using crowd funding to expand new product lines or expand into new market. Learn how to evaluate crowd funding options and when this financing vehicle makes sense for your business.
  • Unsecured commercial business loans – Most entrepreneurs have used unsecured commercial business loans, credit cards and similar tools to infuse fast cash into their businesses. However, these easy money solutions have a high cost and some risks. We will discuss when to use these for cash influx and more importantly, how to manage the cash and the risk involved.
  • Credit unions – Local credit unions have traditionally focused their lending to home owners for remodeling projects and car loans. Today, credit unions have become much stronger financially. With this stronger asset base, they have also become more aggressive in seeking small business clients and lending on commercial projects. We’ll discuss what credit unions look for in commercial loans and if your business would be a good candidate for a small business loan through a credit union.

 

Why attend this seminar on unconventional financing

You have hear it before, ‘knowledge is power”. This is so true for small business owners. Knowing and understanding your financing options is critical to the success of your business. Finding trusted advisors to guide you through these decisions is also important. Join us to hear Sam insight in the field of small business financing.

If you are contemplating equity, debt, or unconventional financing for your business during the next year, come out and learn about how the landscape has changed and who the winners and losers are!

FREE MEETUP (Lunch is on your own)
Thursday, May 28, 2015 – 11:30a-1:00p
Sherlock’s Baker Street Pub
9012 Research Blvd, Austin, TX 78758

RSVP: http://www.meetup.com/Austin-Small-Business-Gorilla-Operations-and-Finance-Jungle/events/222529573/?utm_source=rss&utm_medium=rss

The Austin Small Business Gorilla Operations and Gorilla Finance group has been meeting for almost six years. Many of our members are original to the group, and each week we welcome newcomers. Our goal is to provide business owners with free business education that they can immediate use in the operations of their businesses. In exchange we learn from great local experts and build a strong business network for our members.

Be sure to actually “join” our Meetup, by registering on the site and completing your profile. Each month you will receive an email notice announcing the topic for the month. Stop by for those meetings that interest you and let us know if you have any suggestions on topics or speakers. It’s free to join.

Register today!


Francoise Luca, Chief Marketing Officer, Business Finance Solutions, is co-organizer of the Austin Small Business Operations and Gorilla Finance Group.

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Eagle Ford Shale Exploration to Completion http://bfs-usa.com/oil-well-life-cycle-exploration-to-completion-eagle-ford-shale/?utm_source=rss&utm_medium=rss http://bfs-usa.com/oil-well-life-cycle-exploration-to-completion-eagle-ford-shale/#comments Tue, 28 Apr 2015 05:51:51 +0000 http://bfs-usa.com/?p=626 From exploration to completion Video (1 minute 47 second) This short video shows a time lapse depiction of the process of a typical Eagle Ford Shale well. Texas oil and gas exploration crews are greatly reducing the time it takes to get a well drilled,...

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From exploration to completion Video (1 minute 47 second)

This short video shows a time lapse depiction of the process of a typical Eagle Ford Shale well.

Texas oil and gas exploration crews are greatly reducing the time it takes to get a well drilled, fracked, and ready for production. Given the thousands of wells set to be drilled and only a finite number of crews and resources available, speed means money. According to a recent article in Fuel Fix, an industry resource, “Eagle Ford Shale production will jump 50 percent this year, hitting an average 844,000 barrels per day.”

In mid 2013, Karnes, Dewit, and Gonzales counties of Texas are the epicenter of the Eagle Ford Shale exploration business where $20 billion is being spent on exploration and completion activities.

The Eagle Ford Shale play covers 30 counties in South and South Central Texas

 

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Internet of Things: A trillion dollar opportunity http://bfs-usa.com/internet-of-things-a-trillion-dollar-opportunity/?utm_source=rss&utm_medium=rss http://bfs-usa.com/internet-of-things-a-trillion-dollar-opportunity/#comments Tue, 14 Apr 2015 21:05:07 +0000 http://bfs-usa.com/?p=1385 The once NASA technology to monitor your heart in real time is now available to your doctor. Your car can send you “health reports” and text reminders to change the oil. Your home alarm system can be activated or deactivate via your cell phone. This is...

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Michael HathawayThe once NASA technology to monitor your heart in real time is now available to your doctor. Your car can send you “health reports” and text reminders to change the oil. Your home alarm system can be activated or deactivate via your cell phone. This is the world of the “Internet of Things” and with it comes vast new business opportunities for entrepreneurs.

The Internet of Things (IoT) is a scenario in which “things” (and people) are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. IoT has evolved from the convergence of wireless technologies, micro-electromechanical systems (MEMS) and the Internet.

Devices connected to equipment, vehicles, people, and animals have the potential to decrease the cost of doing business while providing instantaneous data and improved service delivery. Smart devices from televisions to coffee pots can respond or react to commands or changing environmental conditions. Adaptability and making quick decisions with real-time data is what it is all about to improve business efficiency, customer experience and satisfaction.

The April Austin Small Biz Operations & Gorilla Finance Group Meetup will have an expert presenter who is going to spend one hour helping you understand the changes in our world that will come because of the Internet of things and the trillion dollar opportunity that comes with this new trend.

Our Speaker: Michael Hathaway, IoT Expert

Our speaker for April is Michael Hathaway. He has 27 years of executive and engineering expertise in the semiconductor, communications, consumer electronics and energy industries.

Michael has has aurthored six patents and has help held executive positions at IronBridge Networks (Founder, CTO), Agere (Acquired by Lucent Micro Electronics), Austin Ventures (Venture Partner), and Tiga Energy Services (CEO).

Mr. Hathaway is currently CTO and Founder of Information Xchange, Inc, an Internet-Of-Things platform company which focuses on commercial and industrial markets.

Who should attend The Internet of Things: A trillion dollar opportunity

All our Austin Small Biz Operations & Gorilla Finance Group members are invited to attend, as well as anyone interested in manufacturing, electronics, artificial intelligence, and customer experience architecture.  Anyone with first hand experience with IoT devices or looking to explore new solutions using IoT should attend.  We plan on having time for audience questions and answers and general participation. Bring your friends, associates and clients, too.

FREE MEETUP (Lunch is on your own)

Thursday, April 23, 2015  – 11:30a-1:00p
Sherlock’s Baker Street Pub
9012 Research Blvd, Austin, TX 78758

RSVP: http://www.meetup.com/Austin-Small-Business-Gorilla-Operations-and-Finance-Jungle/events/221728889/?utm_source=rss&utm_medium=rss

The Austin Small Business Gorilla Operations and Finance group has been meeting for over five years.  Many of our members are original to the group, and each week we welcome newcomers. Our goal is to provide business owners with free business education that they can immediate use in the operations of their businesses.  In exchange we learn from great local experts and build a strong business network for our members.  Be sure to actually join our Meetup by registering on the site and completing your profile.  Each month you will receive an email notice announcing the topic for the month.  Stop by for those meeting that interest you and let us know if you have any suggestions on topics or speakers.  It’s free to join.

Register today!

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Lower Middle Market Companies-Access to Capital Easier in 2015-Q1 http://bfs-usa.com/lower-middle-market-companies-access-to-capital-easier-in-2015-q1-easier-in-2015-q1/?utm_source=rss&utm_medium=rss http://bfs-usa.com/lower-middle-market-companies-access-to-capital-easier-in-2015-q1-easier-in-2015-q1/#comments Sun, 29 Mar 2015 23:05:10 +0000 http://bfs-usa.com/?p=1340 Lower middle market companies (annual revenues $5 million to $100 million) had greater access to debt and equity capital in the first quarter of 2015 than in any quarter since the Pepperdine Private Capital Access Index began being reported in the late summer of 2012....

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Lower middle market companies (annual revenues $5 million to $100 million) had greater access to debt and equity capital in the first quarter of 2015 than in any quarter since the Pepperdine Private Capital Access Index began being reported in the late summer of 2012.

Lower Middle Market Financing Challenges-Early 2015

Though debt and equity financing options looked good for the lower middle market in early 2015, it is important to understand the significant difference in resources for a company at the low end of the lower middle market than the high end. Companies in the high end of the lower middle market have dramatically more experience and access to experts when raising capital than those with annual revenues of $5 million to $50 million.

Lower middle market companies need a team of trusted advisers whether they are in-house or consultants from outside the business.

Lower middle market companies need a team of trusted advisers whether they are in-house or consultants from outside the business.

Those lower middle market companies with revenues between $5 million and $50 million are often seeking equity and debt financing for the first time and often need trusted advisors to guide them in their new financing process. Many business owners in this size bracket don’t realize the best solution is a combination of debt, “debt like” and equity capital.

Companies graduating into the lower middle market often don’t know what kind of financing is available.

Often overlooked financing methods for the lower middle market include:

Although the access to capital for small lower middle market companies is more plentiful today, the process of finding, negotiating, and securing debt and equity capital can be challenging.

The Pepperdine study shows the reported difficulty of the debt and equity capital process – 2015 Q1

Most lower middle market companies found it difficult to access both debt and equity capital in 2015 Q1.

Most lower middle market companies found it difficult to access both debt and equity capital in 2015 Q1.

Lower middle market companies can be surprised with financing challenges

  • Time required to complete debt and equity financing
  • What kind of terms are negotiable
  • How to position the company for future financing
  • The amount of specialization that is available in financing
  • How a new financing source is going to monitor its loan or investment

Sometimes it is difficult to manage one’s business and chase financing.

As a company grows, lenders and equity sources require more due diligence

Lower middle market business owners who have been through the rigors of obtaining debt and especially equity financing will have an easier time than the management team of a company that has grown into the lower middle market organically. Companies new to the process often use a consultant.

Why Business Finance Solutions may be the best team to help you grow

  • We have experience using multiple forms of financing in lower middle market companies
  • We have experience financing many types of B2B businesses
  • We understands how debt and equity capital sources do their due diligence
  • We think like lenders and investors and can guide you through the process with less stress
  • We have assisted a number of companies grow from $0 revenues to $20+ million in 5 years
  • We have originated many medium to large asset-based lines of credit
  • We focus on your company needs

We have what it takes to help many small lower middle market companies grow profitably.

Business Finance Solutions Team can help take your lower middle market company to new heights

Business Finance Solutions’ Team can help take your lower middle market company to new heights

Our Team

Our greatest strength is helping small lower middle market ($5 million to $50 million) use several forms of financing including senior debt, subordinated debt, mezzanine debt, and institutional equity.

Please call us today at 512-990-8756 if you would like to discuss how our team may help yours!

 

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How to write winning proposals without the stress http://bfs-usa.com/how-to-write-winning-proposals-without-the-stress/?utm_source=rss&utm_medium=rss http://bfs-usa.com/how-to-write-winning-proposals-without-the-stress/#comments Sat, 21 Mar 2015 23:14:12 +0000 http://bfs-usa.com/?p=1317 The post How to write winning proposals without the stress appeared first on Business Finance Solutions - 512-990-8756.

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Reuben SwartzWriting proposals is an important part of your sales process.  Finding simple hacks on how to write winning proposals and reduce stress on your organization is easier than you think.

Writing proposals causes a lot of stress for many entrepreneurs and business owners. Just the task of organizing your materials and pricing before sitting down to the writing process becomes stressful and can takes a lot of work and time. Then there is more aggravation when this investment of valuable energy does not pay off with a contract.  Business owners often second guessing themselves at how to structure the proposal, what to include, how to format the proposal, and how to price their services.

Lose all the stress and learn how to write winning proposals that will result in new business.  Join us this month to hear from an expert proposal writer and entrepreneur, Reuben Swartz.

Reuben will help us cut through the all the techno-speak and online advice on how to write winning proposals and share with us practical tips on how to create proposals, can close sales faster and more profitably.

 

Meet-up Topics:

  •  How to write winning proposals that get accepted faster (and more often)
  •  Increase your deal size and profitability
  •  Stand out from the competition
  •  Grow your business faster with better proposals
  •  Reduce the sales stress related to proposal creation
  •  Your Q & A

 

Reuben Swartz, Founder, Mimiran

Reuben Swartz is the founder of Mimiran Online Proposals, which helps small businesses create and close proposals faster and more prof-itably. His background is in sales consulting, including helping Fortune 50 companies and startups. He presents papers, talks, and workshops for the Professional Pricing Society, and has been quoted in Inc and BusinessWeek. He earned a BSE in computer science from Princeton University.

Invite an entrepreneur and reserve your seats today for “How to write winning proposals without the stress”

Meeting Information

When:   Thursday, March 26, 2015   from  11:30 AM to 1:00 PM

Where:  Sherlock’s Baker Street Pub

9012 Research Blvd, Austin TX 78758

512-380-9443

Meeting room on the right

FREE MEETUP.  (Lunch is on your own.)

RSVP: http://www.meetup.com/Austin-Small-Business-Gorilla-Operations-and-Finance-Jungle/events/221152927/?utm_source=rss&utm_medium=rss

The Austin Small Business Gorilla Operations and Finance group has been meeting for over five years.  Many of our members are original to the group, and each week we welcome newcomers. Our goal is to provide business owners with free business education that they can immediate use in the operations of their businesses.  In exchange we learn from great local experts and build a strong business network for our members.  Be sure to actually join our Meetup by registering on the site and completing your profile.  Each month you will receive an email notice announcing the topic for the month.  Stop by for those meeting that interest you and let us know if you have any suggestions on topics or speakers.  It’s free to join.

Register today!

 

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Valuing your business: Are you leaving money on the table? http://bfs-usa.com/valuing-business-leaving-money-table/?utm_source=rss&utm_medium=rss http://bfs-usa.com/valuing-business-leaving-money-table/#comments Tue, 20 Jan 2015 02:59:51 +0000 http://bfs-usa.com/?p=1235 There are many reasons to know the value of your business. Especially, if you expect this new year to bring major changes in your business or personal lives. For example if you are planning on retiring this year and selling your business? Or if you...

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There are many reasons to know the value of your business. Especially, if you expect this new year to bring major changes in your business or personal lives.

For example if you are planning on retiring this year and selling your business? Or if you are looking to attract investors? Or is there an estate or divorce issue in your future. Then knowing what your business is worth is important. Many business owners have unrealistic expectations of the value of their business. Yet, understanding how to measure value and what creates value in your business is an important planning tool.

Start the year out right, by getting the facts you need to plan the next steps in your business life. Cycle.
Join us for a discussion on how to value your business:

  • How to know the value of your business—and why?
  • How to know the value of your start-up business
  • How to improve the value of your business

 

Scott Ables, Precision CFO Solutions

Scott Ables

 

SCOTT ABLES, CPA, CVA

EXPERIENCED CFO AND BUSINESS VALUATION EXPERT
Scott Abels is a CPA and Certified Valuation Analyst (CVA) with 27 years of experience as Controller, CFO, and Financial Executive. His business experience ranges from startup to Fortune 100.
He owns Precision CFO Solutions, Inc., an Austin-based firm that provides Fractional CFO consulting and Business Valuation services to Central Texas companies. He serves as an expert witness in business valuation for divorce, litigation and estate tax matters.

Join us for a casual an information discussion on how to value your business. Invite an entrepreneur and reserve your seats today.

 

Meetup Group Information

When:

Thursday, Jan. 22, 2015
11:30 AM to 1:00 PM

Where:
Sherlock’s Baker Street Pub
9012 Research Blvd,
Austin TX 78758
512-380-9443
Meeting room on the right

RSVP:
To learn more about this event or RSVP for this FREE event go to the Austin Small Business Gorilla Operations and Finance Jungle
Join our Meetup to receive monthly presentation notices.

Austin Small Biz Operations & Gorilla Finance Group

Each month, we bring business owners interesting and educational presentations by experts in the fields of accounting, law, sales and marketing.  Sam Thacker, owner of Business Finance Solutions started this Meetup Group to give back to the business community, and to provide a safe place for business owners to learn and share information on finance, operations, human resources, and sales and marketing. We meet the fourth Thursday of the month for one hour at lunch time.  Our meetings start promptly at noon and end by 1:00 p.m. so attendees can return promptly to their work places.

Free to join.

 

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Full-recourse Invoice Factoring http://bfs-usa.com/full-recourse-invoice-factoring/?utm_source=rss&utm_medium=rss http://bfs-usa.com/full-recourse-invoice-factoring/#comments Wed, 24 Dec 2014 16:24:39 +0000 http://bfs-usa.com/?p=1199 There are several types of invoice factoring relationships available to businesses that sell to other businesses. Full-recourse invoice factoring is the most common type in which the borrower assumes 100% of the credit risk of the customer. It’s important to understand if your invoice factoring arrangement...

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It's important to understand if your invoice factoring arrangement is full-recourse or non-recourse.

There are several types of invoice factoring relationships available to businesses that sell to other businesses. Full-recourse invoice factoring is the most common type in which the borrower assumes 100% of the credit risk of the customer. It’s important to understand if your invoice factoring arrangement is full-recourse or non-recourse.

Full-recourse invoice factoring most common invoice factoring arrangement

When a business owner is evaluating potential invoice factoring relationships, one of the choices they must make is they should decide whether they need a full-recourse factoring relationship or a non-recourse invoice factoring relationship.

In a full-recourse invoice factoring relationship, the borrower business assumes 100% of the credit risk of the invoices being financed (factored). In a non-recourse invoice factoring relationship, the factoring company assumes most of the credit risk (approximately 80%) while the borrower assumes a smaller percentage (approximately 20%).

Most invoice factoring companies set up their relationships as full-recourse arrangements. There are many reasons why full-recourse invoice factoring is most common, but the biggest reason is it is less expensive for the lender to provide full-recourse invoice factoring than non-recourse invoice factoring. Full-recourse arrangements are easier to manage as the lender simply reassigns or sells back the invoice to the borrower when it becomes 90+ days past the date the invoice was factored.

Borrower assumes 100% of credit risk in full-recourse invoice factoring

Usually full-recourse factoring arrangements aren’t specifically called “full-recourse,” rather they simply leave off language calling the arrangement “non-recourse.” The philosophical assumption of invoice factoring companies that use a full-recourse arrangement is “if the borrower is not willing to guarantee the credit-worthiness, why should we?” It is a moot point if your customers are fortune 500 companies or other companies that are large and very credit-worthy. In a non-recourse invoice factoring relationship the legal documents will specify when the borrower must repurchase an “old” invoice. Usually this is 90 days from the date the invoice was sold to the factoring company. At the time the invoice ownership reverts back to the customer, the duty to collect the outstanding invoice is 100% borne by the borrower.

Soft collection practices are one reason borrowers choose full-recourse invoice factoring

Many borrowers are rightfully concerned that the factoring company they do business with will use soft collection practices with their customers. In full-recourse invoice factoring relationships this is much easier to control. The full-recourse factoring company is most likely to even leave collections up to the borrower. In non-recourse arrangements this may not be the case.

Most borrowers don’t need the features of non-recourse invoice factoring arrangements

There are a few industries where non-recourse factoring is the standard practice, but most businesses won’t benefit from having a non-recourse arrangement. Ask any prospective factoring company which arrangements they offer. Occasionally borrowers have higher costs in non-recourse invoice factoring arrangements.

There are a number of decisions you must make when choosing a factoring company and avoiding unscrupulous factors is the most important.

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3D Printing: Live Demo http://bfs-usa.com/3d-printing-live-demo/?utm_source=rss&utm_medium=rss http://bfs-usa.com/3d-printing-live-demo/#comments Sat, 08 Nov 2014 17:35:11 +0000 http://bfs-usa.com/?p=1152 3D Printing is revolutionizing the medical and manufacturing industries. From novelty items to aircraft engines to surgical instruments, manufacturers are finding 3D prototyping a lean and effective way to design, test, and fast track the development process of new products. 3D Printing for Prototypes Join...

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3D Printing is revolutionizing the medical and manufacturing industries. From novelty items to aircraft engines to surgical instruments, manufacturers are finding 3D prototyping a lean and effective way to design, test, and fast track the development process of new products.

3D Printing for Prototypes

Join us for a LIVE demonstration of 3D printing and an interactive discussion on:

  • How does 3-D printing work
  • How to make a prototype
  • How to use 3-D in your business
  • Demonstration of a 3D print project

Join us for this interesting demonstration by 3D experts Marshall Peck and Gabi Marraro. These young entrepreneurs will share some case studies of local projects and business opportunities in the fast changing world of 3D prototyping.

3D Printing of Prototype

3D Printing of Prototypes

 Marshall Peck & Gabi Marraro

Gabi and Marshall are DIY science enthusiasts turned entrepreneurs. They began exploring 3D printing over a year ago and now run a 3D printing and prototyping company in Austin, TX. Both Gabi and Marshall have been involved in the local “makers” community and are strong supporters of the open source movement. One of their favorite websites for 3D printing resources is: www.thingiverse.com?utm_source=rss&utm_medium=rss

Find Gabi and Marshall on Facebook at: https://www.facebook.com/protobuilds?utm_source=rss&utm_medium=rss

Invite an entrepreneur and RSVP today.

3D Printing of a prototype: Live Demo

Thursday, Nov 20, 2014, 11:30 AM

Sherlock’s Baker St. Pub
9012 Research Blvd Austin, TX

27 SMB Owners, CPAs, CFOs, COOs Went

3D Printing is revolutionizing the medical and manufacturing industries. From novelty items to engines to surgical instruments, manufacturers are finding 3D prototyping a lean and effective way to design, test, and fast track the development process of new products.Join us for a LIVE demonstration of 3D printing and:• How does 3-D printing work•…

Check out this Meetup →

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