Financing Strategy

Andre Fowlkes of Innpowerment gave a wonderful presentation in regards to Financing Strategy.  Mr. Fowlkes first stated you must know how to read the economy and understand the capital markets.  Knowing and applying the concepts of the “Velocity of Money” which is number of times a dollar can be spent;  and the “Bell Curve Technology” which is the average of the country’s emotions; will help guide an entrepreneur into making more wiser business decisions. When your mind is constantly thinking of ways to improve or create new ideas, you can get a jump ahead in the market.  Andre believes innovation is the key aspect in being an entrepreneur compared to just owning your own business.  This innovation relates to your ideas, products, and services being offered.  He also stated, an entrepreneur doesn’t always have to see the idea through or have a complete written plan to be successful because this is where networking comes into play.  Surrounding yourself with quality and strong networks can advance you in your efforts of idea, product, and service innovations. An entrepreneur is always looking for opportunities in which to enter the market.

Financing of projects can come from a variety of funding sources depending on what you are trying to do.  Funding can come in the form of gifts, grants, selling equity, and loans.  However, bank loans tend to be based on "The Five C's" and are harder to obtain.  "The Five C's" are:  Collateral, Character or Credit, Capacity or Cash flow, Capital, and Conditions such as inflation or other environmental factors.  Whatever method is best for your project, pursue with a thorough knowledge.

For more information on Innpowerment and the services they provide; visit their website at http://www.innpowerment.com/