FINANCIALS – READY TO RECEIVE CAPITAL
Karl Dakin
Capital Coach | Stakeholder Investor Campaigns | Design, Stage, and Manage or Support | Reduce Time, Money, and Risk of Raising Funding | Increase Probability of Success! | Opportunity Management
CONTENTS
·?????? Quick Calendar – It’ a Busy Week
·?????? Funding Point
·?????? Camp Wapiyapi and Colfax Marathon
·?????? Successful Funding Show
·?????? Don Cohen Show
QUICK CALENDAR – IT’S A BUSY WEEK
In addition to this Instant Funding newsletter, I host the Successful Funding show, appear as a guest on various podcasts and television shows, speak at various events, and present my educational programs. I quickly list upcoming opportunities to share information, learn, or meet in person or via videoconferencing. I've included more info below.
TODAY - Don Cohen - Funding - Wednesday, April 17, 9 a.m. MDT - LinkedIn Live
TODAY AND TOMORROW - WEDNESDAY/THURSDAY - SuperCrowd 2024 – Impact Crowdfunding – Wednesday/Thursday – April 17/18 - Online
Successful Funding – Community Building – Tuesday, April 23, 8 a.m. MDT – LinkedIn Live
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FUNDING POINT – FINANCIALS – READY TO RECEIVE CAPITAL
A small business with the intent of raising capital needs to ‘get ready’ or it will be delayed by the need to complete a number of activities necessary to conform to government regulations and tell their story properly to investor candidates.
?Yesterday, Lucas Marquardt of Precision Financial was my guest on my Successful Funding show.
??We discussed the needs and requirements for getting a small business ready to receive capital by having all of their books and records and financial forecasts in order.
?We identified four key sets of information:
·?????? Profit and loss statements
·?????? Net worth statements
·?????? Capital table, also known as an ownership registry
·?????? Cash flow projections
?Lucas pointed out that most business report their taxes using a ‘cash accounting’ system that reports income based upon the time period in which the cash is received or the cash is paid out. This preferred approach avoids the possibility of incurring a tax obligation without having the cash available to make the payment that can occur when using an ‘accrual accounting’ system.
?However, for purposes of raising capital, it may be best to use an accrual system where expenses are time paired with revenues. This is because many small businesses invest in assets that they may benefit from over a term of years. Pairing these expenses with income will show a higher profit in the earlier years of the business making it more attractive to investors who do not understand this effect.
?For example, a startup business buys a delivery van. In conformance with Section 179 of the Internal Revenue Code, the small business may expense the total purchase price in the year that the van was purchased even though the small business expects to use the van in its operations over the next five years. The immediate deduction serves the small business by reducing its tax liability in the current year. However, it also will show on the books when using cash accounting as having earned lower profits or possibly realizing a loss in the current year. An investor looking at the profit and loss statement for this small business will find it unattractive.
?When getting ready to receive capital, a small business needs to remember that it should put on its best show.
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CAMP WAPIYAPI AND COLFAX MARATHON
?I will be participating in the shortest part of the Colfax Marathon on May 18th – the 5K (run, jog, walk, enjoy being outdoors) - to raise money for Camp Wapiyapi – an outdoor camp for kids with pediatric cancer that will hold camping sessions in late June (male volunteers are still needed as camper companions).
?If you are interested in also raising money through this fun event, there is still time to register and sign up to support Camp Wapiyapi.
?Party Gets Started With the Colfax 5K
领英推荐
?Thousands will gather on Saturday, May 18th for a 5K to kickoff Denver's largest running weekend that includes a well organized course, dogs, and race shirt.
?The finish line has food and DJ Sinna-G (on-air radio personality from 100.3 FM) to keep the party going!
?The party starts in Denver's City Park at the same spot as Sunday's Marathon. Run a PR or walk it with friends and oh yeah, dogs are invited! They will have a blast with their own bandana and hundreds of their friends!
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SUCCESSFUL FUNDING SHOW
YESTERDAY, I hosted my Successful Funding show with Lucas Marquardt of Precision Financial as my guest. We covered a wide range of activities regarding a small business and the need to manage their financial records to get a small business ready to receive capital.
You may see a recording of the show at:????????????
Next Tuesday, on April 23, at 8 am MDT, my guest will be Kathleen Minogue with Crowdfund Better. We will be discussing how small businesses may access their networks of people to gain investors and support their capital campaigns.
You may register to attend this free event at:
The Successful Funding show on my LinkedIn profile will repeat weekly at 8 a.m., MDT on Tuesdays. You may register to attend by going on LinkedIn, searching for Events, clicking on the Events button, searching for Successful Funding, and then clicking on the Attend button. You should receive an email with a link to save to your calendar. You can also click the Share button and obtain the URL link to the show to put it in your calendar.
You may view all of the Successful Funding shows in my Posts on my LinkedIn profile at: https://www.dhirubhai.net/in/karldakin/
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?DON COHEN SHOW
I will be a guest today on Don Cohen’s show on LinkedIn Live. I enjoy being a guest and engaging in conversations with other guests and with Don on building communities and using LinkedIn as a communication channel. Every show is it’s own adventure as we start with a word of the day and then see where the conversation goes from there.
Don is an expert on LinkedIn and particularly the use of LinkedIn Live streaming to build brands and communities. We will discuss using LinkedIn as a social media platform for building communities that support raising funding.
All shows where I have been a guest can be viewed on Don Cohen's LinkedIn page under Posts.
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Karl Dakin, the Capital Coach
Dakin Capital LLC
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Capital Coach | Stakeholder Investor Campaigns | Design, Stage, and Manage or Support | Reduce Time, Money, and Risk of Raising Funding | Increase Probability of Success! | Opportunity Management
10 个月See many of you today and tomorrow at SuperCrowd 2024.!