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THINGS ARE GETTING BETTER FOR STARTUPS

Posted by on 2:41 pm in Uncategorized | 0 comments

We are noticing more investors are loosing up their criteria for funding and requiring less collateral. This is a great sign that unsecured funding for start ups are on the rebound.

Below in one of our newest programs for start ups.

We understand its not our normal non credit  private money program. This can although; help many people get that push for the capital that they deserve.

This new program is to add to PRC service mix; for more diversification to assist clients that may or may not have the credit scores. Although this program is private. It is underwritten similar to a bank, but with less red tape.

 

Max loan = $250,000.00

Terms = 60 months – 5-years

The loan note will be Interest-Only for the first 3 years

There are two ways the client can borrow funds:

1) Using personal credit.  Personal credit score must be 700 or higher.  The client must have NO criminal activity (IE: Felony).  The client must have no pending lawsuits.  The client must have a debt-to-income ratio of 80%; meaning, if the client has a credit card with $10,000 line of credit, $8,000 of that credit must be available.

2) Business credit.  The business must be in existence for 2 years or more.  The business must have NO lawsuits.  The business must NOT be in debt.  The business must have the ability to generate revenues sufficient to satisfy the loan note.  The business must be in Good Standing (as stated from the State of origin).

 

Thanks!

 

PRC TEAM

Don’t have a Generic Plan

Posted by on 1:51 pm in Uncategorized | 0 comments

I have often heard investors and lenders complaining about similar phrases in plans such as “proven management team,” “first mover advantage,” and “dominate competition.”

Concerns:

The problem with these generic phrases in
business plans , by themselves, these phrases don’t
show whether the venture is really unique (which
is what the lenders want).

Now I’m not saying that you need to avoid these phrases.

Suggestion:

Instead, you need to clarify these phrases.

If you have a “proven management team,” then you need to
state why. For example, maybe one management team member
formerly ran a successful company, or another formerly
increased sales by 3 times at their last company, etc.

When presented to people outside yourself or your company,
your  business plans are marketing documents. They are used to convince others to invest time towards hopefully  investing in your company.

In order to be successful, be sure to show how you and/or your venture is unique, different and whenever possible; provide specific proof behind your arguments.

PRC TEAM

 

PRC -COMPANY PROFILE

Posted by on 6:32 pm in Uncategorized | 0 comments

Company profile:
http://www.businesshyperlink.com/PRC.pdf

Presentation and Packaging

Posted by on 2:41 pm in Uncategorized | 0 comments

We have seen many clients struggle in the area of presentations in the past. This in several instances is not due the viability of thier project directly, but how it is communicated or presented. The packaging of your venture is very important and should be treated with the same care and effort as you put into your business plan.

Create the following four marketing and presentation items when raising capital:

High concept pitch – A phrase describing your business by mentioning a familiar company, followed by the twist that differentiates your company. Allows you and others to communicate what your business does, quickly.

Elevator pitch- A one- to two-minute pitch explaining: what your business does, how it makes money, and how it benefits customers. Incorporate the high-concept pitch. Throw in a fact or two showing a large and growing market for your product or service. This helps you to create investor interest quickly.

Business plan – The all-important document “selling” your business to investors and/or lenders, to entice them to meet with you and fund your company. Includes an Executive Summary, Company Analysis, Customer Analysis, Industry Analysis, Competitive Analysis, Marketing Plan, Operations Plan, Management Team, Financial Plan, and Appendix (supporting materials.)

Slide presentation – A 20-30 minute pitch to investors, the purpose of which is to create more interest in your business and build a relationship with the investor.

PRC has the expertise for packaging your venture.

We can assist you in your presentations preparation and packaging.

ENTREPRENEURS TIME TO TAKE YOUR VITAMINS!

Posted by on 7:55 pm in Uncategorized | 0 comments

I understand the benefits of a healthy lifestyle from being a former athlete and having a health degree. I see a unique parrallel between taking your vitamins to be healthy and the need for entrepreneurs to keep their spirits and vision on a healthy track.

Now, while the result of being healthy is great, the process isnt always so pleasant. For example sometimes my kids complain about taking their vitamins and sometimes they dont want to do more exercise (sometimes I don’t want to either).

But, we all need to make sacrifices to achieve our goals.

And entrepreneurs are no exception. As an entrepreneur, you need to do those things that prepare and position yourself to succeed.

And not all of these things are fun. Just like kids taking their vitamins, successful entrepreneurs must constantly attain new knoweldge, get mentors if they don’t already have them, develop and refine their business plans, and raise capital among other things.

PRC TEAM

4 Beauty Tips for your New Venture

Posted by on 6:07 pm in Uncategorized | 0 comments

There are roughly 750 venture capital firms in the United States, and 600,000 new businesses cropping up every year. Talk about competition. To attract a VC and get the funding you need to grow your business to a massively lucrative exit, use the following beauty tips:

1. Possess the cure for pain.

The market pain, that is. Where is the pain? That is the question you should be asking yourself. Identify a market segment that needs your product or service and is either not getting it, or not getting it the right way. If your company can deliver something that makes your customers breathe a grateful sigh of relief and, then you are an attractive company to a venture capitalist.

2. Position your company to penetrate a large and growing market.

VCs love companies in large and growing markets – especially companies that can capture and continually penetrate new customer segments of that market. It’s all about high growth and fast exits. So acquire some in-depth reports from at least one independent market research firm showing that there are plenty of customers waiting for you – and flaunt it.

3. Team up with a hot management team that has been there and done that.

If your management team – and your Boards of Directors and Advisors, for that matter – have experience growing companies like yours quickly towards a lucrative exit, you look fantastic.

4. Write great strong catchy lines and use them.

To woo a VC, you will eventually need a high concept pitch, a punchy elevator pitch, an irresistible teaser email, a great business plan, a diligent operations plan, a gripping executive summary, and a solid slide presentation. Get busy preparing these materials so that you can be ready when the right VC comes along.

PRC has many years of experience in these  related areas and can aid you in your efforts.

PRC TEAM

Celebrate National Entrepreneur’s Day

Posted by on 2:13 pm in Uncategorized | 0 comments

Earlier this week, President Obama declared today, November 19th, National Entrepreneur’s Day; http://bit.ly/bqjZsp.

In his words, entrepreneurs “power the engine of our Nation’s economy. These intrepid individuals translate their vision into products and services that keep America strong and competitive on a global scale, and build opportunity and prosperity across our country.”

What can you do to celebrate National Entrepreneur’s Day? In short, pay it forward. We all get busy, but quite often just a few minutes of your time can make a huge impact on someone else’s success as well as our own.

Today is the day to;

1. Finally respond to that email, return that call, provide that intro, or review that plan that an aspiring you to go for your dreams!. We all have them buried somewhere in a long list of priorities, but today is the day to find the time to make it happen.

2. Visit http://kiva.org, a microlending site whose mission is to connect people, through lending, for the sake of alleviating poverty. They have already facilitated well over $100mm in loans, and even a small loan can make a big difference.

Happy Entrepreneur’s Day!

STRUGGLING WITH PROOF OF CONCEPT?

Posted by on 9:12 am in Uncategorized | 0 comments

This should help you out:

The best proof that customers really want your product
or service is them buying it. But if you haven’t gotten
to that stage, here’s what you can do: you can show
proof of concept by surveying them, observing behaviors
of theirs that point to a need for your product or service,
and/or citing 3rd party market research that they need your
solution. This can be very cost This should help you out:

The best proof that customers really want your product
or service is them buying it. But if you haven’t gotten
to that stage, here’s what you can do: you can show
proof of concept by surveying them, observing behaviors
of theirs that point to a need for your product or service,
and/or citing 3rd party market research that they need your
solution. This can be very cost efficient.

Next, to prove that you can build the solution, you can
cite your past track record (example: anything you have built
in the past), or you can get a proposal from a vendor who
will build it for you. This will prove that the solution
can be built, and will specify the cost to build it.

Finally, to establish proof that you can sell the solution,
you can gather letters of intent from prospective customers
and/or customer testimonials that they will purchase your
solution in the future.

As you can see, you CAN establish proof of concept with very
little money, without a working prototype of your product/service,
and without actual customers. That should be great news for
many of you. Especially in these economic times.

Truly,

PRC TEAM

Entrepreneurs Stay Encouraged!

Posted by on 12:25 pm in FUNDING, Uncategorized | 0 comments

Winston Churchill once said, “If you’re
going through hell, keep going.”

This quote is really applicable to entrepreneurs.
Mainly because rarely, if ever, does the process
of starting and growing a venture go smoothly.

There are often many mis-starts and mistakes,
and course correction is nearly always required.

The way I see it, the fact that things don’t always
go smoothly or work at first is a good thing. It
weeds out the weak entrepreneurs, which provide
more opportunity for profits and growth for us stronger
entrepreneurs.

TOUGH TIMES MAKES YOU STRONGER!

THINK OF IT AS A WORK OUT.

ONCE YOU HAVE COMPLETED THIS INTENSE  ROUND OF FUNDING.(WORK OUT)

LOOK HOW MUCH STRONGER YOU WILL BE.
AS WITH EVERYTHING, IT IS KEY THAT YOU HAVE THE RIGHT PEOPLE ON YOUR TEAM PUSHING YOU AND ASSISTING YOU IN YOUR EFFORTS.

PRC IS A GREAT TEAM TO WORK WITH!

CREATIVE FINANCING –ACQUISITION-PURCHASE

Posted by on 5:38 pm in Uncategorized | 0 comments

We have lately had an enormous interest in our “Seller Guarantee” program.(which is not a seller carry or owner financing)

This is a great way for entrepreneurs to purchase a business with little or no money down. And YES these type of programs are still around. You just need a flexible seller and with the banks not lending traditional money. This has become a very popular option for entrepreneurs looking to buy a business.

PRC TEAM