SlideShare ist ein Scribd-Unternehmen logo
1 von 38
10 Key Lessons in Applied Entrepreneurial Finance
Agenda

• Introduction (5 Minutes)

• One Word Check-in (10 Minutes)

• Entrepreneurial Mindset (20 Minutes)

• Entrepreneurial Finance (25 Minutes)

• Questions and Answers (30 Minutes)

• One Take Away (20 Minutes)
Introduction: Jonathan B. Smith
•Founder - ChiefOptimizer

•Professional
    – Big 6 Accounting
    – Wall Street
    – Serial Entrepreneur

•Education
   – Michigan State University – Certificate in Homeland Security
   – University of Hartford – MS Accounting
   – Wesleyan University – BA Social Studies

•Community
   – Entrepreneur’s Organization
   – Joint Civilian Orientation Conference (JCOC 84)
   – Leader Dog for the Blind
   – State Department Ambassador for Entrepreneurship

•Awards
   – 2007 Inc 500 Winner (#203) Wave Dispersion Technologies
   – The Leukemia and Lymphoma Society - National Man of the Year
   – Multiple Government Procurement Awards
Agenda

• Introduction (5 Minutes)

• One Word Check-in (10 Minutes)

• Entrepreneurial Mindset (20 Minutes)

• Entrepreneurial Finance (25 Minutes)

• Questions and Answers (30 Minutes)

• One Take Away (20 Minutes)
One Word Check-In
Agenda

• Introduction (5 Minutes)

• One Word Check-in (10 Minutes)

• Entrepreneurial Mindset (20 Minutes)

• Entrepreneurial Finance (25 Minutes)

• Questions and Answers (30 Minutes)

• One Take Away (20 Minutes)
Entrepreneurial Mindset: Energy
Entrepreneurial Mindset: Optimism
Entrepreneurial Mindset: Risk
Entrepreneurial Mindset: Tuition




                          Prototyping

        •   Innovate by iterating quickly

        •   Learn from calculated risks in real time

        •   Teaches more than 1,000 hours pondering

            Source: www.ideo.com
Entrepreneurial Mindset: Results




                Those who say it cannot be
                done, should not interrupt those
                doing it.

                Chinese proverb
Entrepreneurial Mindset: Team
Entrepreneurial Mindset: Integrity
Entrepreneurial Mindset: Abundance
Entrepreneurial Mindset: Long Haul
Entrepreneurial Mindset: All
Entrepreneurial Mindset: Simplicity
Entrepreneurial Mindset: Sheer Will
Agenda

• Introduction (5 Minutes)

• One Word Check-in (10 Minutes)

• Entrepreneurial Mindset (20 Minutes)

• Entrepreneurial Finance (25 Minutes)

• Questions and Answers (30 Minutes)

• One Take Away (20 Minutes)
Entrepreneurial Finance: Heilmeyer’s Catechism
•     What are you trying to do? In English, no CorpSpeak

•     How is it done today, and what are the limits of current practice?

•     What's new in your approach and why do you think it will be successful?

•     Who cares?

•     If you're successful, what difference will it make?

•     What are the risks and the payoffs?

•     How much will it cost?

•     How long will it take?

•     What are the midterm and final "exams" to check for success?
Entrepreneurial Mindset: Financing Priorities


               Variable Inputs                                   Objective

Results                                      Build a Successful Business

Liquidity                                    Sufficient $ to Fund Needs

Control                                      Maintain

Ownership                                    Retain

Professional Investor - Strategic Benefits   Networking & Expertise

Risk                                         Share

Rewards                                      Share
Entrepreneurial Finance: Cash Flow
Entrepreneurial Finance: Working Capital Cycle

A good working capital cycle balances incoming and outgoing payments to
maximize working capital. Simply put, you need to know you can afford
to research, produce, and sell your product.




Source: www.qfinance.com
Entrepreneurial Finance: Motivation
Entrepreneurial Finance: Break Even
Entrepreneurial Finance: Personal Financing
Entrepreneurial Finance: Friends and Family
Entrepreneurial Finance: Customer Financing
Entrepreneurial Finance: Vendor Financing
Entrepreneurial Finance: Angel Financing

                      • Individual investors who invest in
                        businesses seeking higher returns
                        than traditional investments.
                      • Goal to help other entrepreneurs.
                      • Typically a bridge from the Early
                        Stage to the Series A VC Round.
                      • Average funding found $150,000 to
                        $1.5 million.
                      • The term "angel" comes from the
                        practice in the early 1900's of
                        wealthy businessmen investing in
                        Broadway productions.
Entrepreneurial Finance: Factoring
Entrepreneurial Finance: Merchant Account Advance
Entrepreneurial Finance: Government


                  • Taxes
                     –   International
                     –   Federal
                     –   State
                     –   Local
                  • International Trade
                     – Duties
                     – Tariffs
                     – Offsets
                  • Economic Development
                     –   Abatements
                     –   Grants
                     –   Incentives
                     –   Subsidized Loans
Agenda

• Introduction (5 Minutes)

• One Word Check-in (10 Minutes)

• Entrepreneurial Mindset (20 Minutes)

• Entrepreneurial Finance (25 Minutes)

• Questions and Answers (30 Minutes)

• One Take Away (20 Minutes)
Question and Answers
Agenda

• Introduction (5 Minutes)

• One Word Check-in (10 Minutes)

• Entrepreneurial Mindset (20 Minutes)

• Entrepreneurial Finance (25 Minutes)

• Questions and Answers (30 Minutes)

• One Take Away (20 Minutes)
One Take Away
Thank You




      Jonathan B. Smith
           Founder
        ChiefOptimizer
      +1(703) 569-1011
jonathan@chiefoptimizer.com
       @chiefoptimizer

Weitere ähnliche Inhalte

Was ist angesagt?

Was ist angesagt? (8)

Go Out a Winner - Ken Saddler
Go Out a Winner - Ken SaddlerGo Out a Winner - Ken Saddler
Go Out a Winner - Ken Saddler
 
Chelsea Bullock – Terms of Engagement: Research as a Team Sport
Chelsea Bullock – Terms of Engagement: Research as a Team SportChelsea Bullock – Terms of Engagement: Research as a Team Sport
Chelsea Bullock – Terms of Engagement: Research as a Team Sport
 
10 Tweets
10 Tweets10 Tweets
10 Tweets
 
Applying Retail Strategies to Item Merchandising
Applying Retail Strategies to Item MerchandisingApplying Retail Strategies to Item Merchandising
Applying Retail Strategies to Item Merchandising
 
59. Football by Design
59. Football by Design59. Football by Design
59. Football by Design
 
Going From Idea to Operations - A Simple Framework for Building a Business
Going From Idea to Operations - A Simple Framework for Building a BusinessGoing From Idea to Operations - A Simple Framework for Building a Business
Going From Idea to Operations - A Simple Framework for Building a Business
 
Gill 16 01 18 cif masterclass presentation - bristol - gill thewlis
Gill 16 01 18   cif masterclass presentation - bristol - gill thewlisGill 16 01 18   cif masterclass presentation - bristol - gill thewlis
Gill 16 01 18 cif masterclass presentation - bristol - gill thewlis
 
SNC 2015 | IGIP Customer Flow
SNC 2015 | IGIP Customer FlowSNC 2015 | IGIP Customer Flow
SNC 2015 | IGIP Customer Flow
 

Andere mochten auch

Entrepreneurial Operating System (EOS): Model and Process
Entrepreneurial Operating System (EOS): Model and ProcessEntrepreneurial Operating System (EOS): Model and Process
Entrepreneurial Operating System (EOS): Model and Process
Traction Masters
 
KEY RESPONSIBILITIES
KEY RESPONSIBILITIESKEY RESPONSIBILITIES
KEY RESPONSIBILITIES
Mihir Ghosh
 
EOS Prospect (Target Market): What Makes a Good One?
EOS Prospect (Target Market): What Makes a Good One?EOS Prospect (Target Market): What Makes a Good One?
EOS Prospect (Target Market): What Makes a Good One?
Traction Masters
 
Acceptance of key of responsibility
Acceptance of key of responsibilityAcceptance of key of responsibility
Acceptance of key of responsibility
Girlie Rodriguez
 

Andere mochten auch (12)

Entrepreneurial Operating System (EOS): Model and Process
Entrepreneurial Operating System (EOS): Model and ProcessEntrepreneurial Operating System (EOS): Model and Process
Entrepreneurial Operating System (EOS): Model and Process
 
KEY RESPONSIBILITIES
KEY RESPONSIBILITIESKEY RESPONSIBILITIES
KEY RESPONSIBILITIES
 
Key Responsibility Areas
Key Responsibility AreasKey Responsibility Areas
Key Responsibility Areas
 
WBENC - Focus on the Forum: Sharon Mahin
WBENC - Focus on the Forum: Sharon MahinWBENC - Focus on the Forum: Sharon Mahin
WBENC - Focus on the Forum: Sharon Mahin
 
TiE IITB - Jun 11 talk on Lean Startup Tactics
TiE IITB - Jun 11 talk on Lean Startup TacticsTiE IITB - Jun 11 talk on Lean Startup Tactics
TiE IITB - Jun 11 talk on Lean Startup Tactics
 
food pictionary
food pictionaryfood pictionary
food pictionary
 
EOS Prospect (Target Market): What Makes a Good One?
EOS Prospect (Target Market): What Makes a Good One?EOS Prospect (Target Market): What Makes a Good One?
EOS Prospect (Target Market): What Makes a Good One?
 
Entrepreneurial Finance - Fred Huibers
Entrepreneurial Finance - Fred HuibersEntrepreneurial Finance - Fred Huibers
Entrepreneurial Finance - Fred Huibers
 
Entrepreneurial Finance
Entrepreneurial FinanceEntrepreneurial Finance
Entrepreneurial Finance
 
Entrepreneurial Finance
Entrepreneurial FinanceEntrepreneurial Finance
Entrepreneurial Finance
 
9 Worst Practices in SaaS Metrics
9 Worst Practices in SaaS Metrics9 Worst Practices in SaaS Metrics
9 Worst Practices in SaaS Metrics
 
Acceptance of key of responsibility
Acceptance of key of responsibilityAcceptance of key of responsibility
Acceptance of key of responsibility
 

Ähnlich wie 10 Key Lessons in Applied Entrepreneurial Finance

Corporate venturing medellin carter williams final
Corporate venturing medellin carter williams   finalCorporate venturing medellin carter williams   final
Corporate venturing medellin carter williams final
Javier Daura Albeldo
 
AngelEd_Bill Bartee_Market Update & Trends
AngelEd_Bill Bartee_Market Update & TrendsAngelEd_Bill Bartee_Market Update & Trends
AngelEd_Bill Bartee_Market Update & Trends
InnovationBay
 
Final Dollar Power Presentation
Final Dollar Power PresentationFinal Dollar Power Presentation
Final Dollar Power Presentation
JOHN F. SMITH, MBA
 
Introduction To Venture Capital 9229 (5)
Introduction To Venture Capital 9229 (5)Introduction To Venture Capital 9229 (5)
Introduction To Venture Capital 9229 (5)
Arnab Mukherjee
 
How to raise venture capital
How to raise venture capitalHow to raise venture capital
How to raise venture capital
Planning-ness
 

Ähnlich wie 10 Key Lessons in Applied Entrepreneurial Finance (20)

S.banfield, bafi funding for innovation (angel networks)
S.banfield, bafi   funding for innovation (angel networks)S.banfield, bafi   funding for innovation (angel networks)
S.banfield, bafi funding for innovation (angel networks)
 
Funding as an early entrepreneur presentation
Funding as an early entrepreneur presentationFunding as an early entrepreneur presentation
Funding as an early entrepreneur presentation
 
Venture Fast Track - Funding Strategies
Venture Fast Track - Funding StrategiesVenture Fast Track - Funding Strategies
Venture Fast Track - Funding Strategies
 
Funding Options for Early-Stage Companies
Funding Options for Early-Stage CompaniesFunding Options for Early-Stage Companies
Funding Options for Early-Stage Companies
 
Growing into your business smart company 7 august 2014
Growing into your business smart company 7 august 2014Growing into your business smart company 7 august 2014
Growing into your business smart company 7 august 2014
 
Corporate venturing medellin carter williams final
Corporate venturing medellin carter williams   finalCorporate venturing medellin carter williams   final
Corporate venturing medellin carter williams final
 
AngelEd_Bill Bartee_Market Update & Trends
AngelEd_Bill Bartee_Market Update & TrendsAngelEd_Bill Bartee_Market Update & Trends
AngelEd_Bill Bartee_Market Update & Trends
 
Final Dollar Power Presentation
Final Dollar Power PresentationFinal Dollar Power Presentation
Final Dollar Power Presentation
 
Business Cycles - Jonathan Newman
Business Cycles - Jonathan NewmanBusiness Cycles - Jonathan Newman
Business Cycles - Jonathan Newman
 
Chicago Entrepreneurial Center small business presentation
Chicago Entrepreneurial Center small business presentationChicago Entrepreneurial Center small business presentation
Chicago Entrepreneurial Center small business presentation
 
Pitching Investors & Other Nightmares
Pitching Investors & Other NightmaresPitching Investors & Other Nightmares
Pitching Investors & Other Nightmares
 
How to Really Start Your Business
How to Really Start Your BusinessHow to Really Start Your Business
How to Really Start Your Business
 
Women Helping Women in Entrepreneurship at MassChallenge
Women Helping Women in Entrepreneurship at MassChallengeWomen Helping Women in Entrepreneurship at MassChallenge
Women Helping Women in Entrepreneurship at MassChallenge
 
A to z of business growth finance david jw bailey equity deck (feb 2018)
A to z of business growth finance   david jw bailey equity deck (feb 2018)A to z of business growth finance   david jw bailey equity deck (feb 2018)
A to z of business growth finance david jw bailey equity deck (feb 2018)
 
Techstars Patriot Boot Camp Fundraising Preso
Techstars Patriot Boot Camp Fundraising PresoTechstars Patriot Boot Camp Fundraising Preso
Techstars Patriot Boot Camp Fundraising Preso
 
How to write a business plan
How to write a business planHow to write a business plan
How to write a business plan
 
Introduction To Venture Capital 9229 (5)
Introduction To Venture Capital 9229 (5)Introduction To Venture Capital 9229 (5)
Introduction To Venture Capital 9229 (5)
 
Introduction to Business Angel Investing
Introduction to Business Angel InvestingIntroduction to Business Angel Investing
Introduction to Business Angel Investing
 
Ideas To Deals 8 27
Ideas To Deals 8 27Ideas To Deals 8 27
Ideas To Deals 8 27
 
How to raise venture capital
How to raise venture capitalHow to raise venture capital
How to raise venture capital
 

Kürzlich hochgeladen

An Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfAn Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdf
SanaAli374401
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
Chris Hunter
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
ciinovamais
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
PECB
 
Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.
MateoGardella
 

Kürzlich hochgeladen (20)

Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
An Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfAn Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdf
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across Sectors
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docx
 
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
PROCESS RECORDING FORMAT.docx
PROCESS      RECORDING        FORMAT.docxPROCESS      RECORDING        FORMAT.docx
PROCESS RECORDING FORMAT.docx
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 

10 Key Lessons in Applied Entrepreneurial Finance