Richard Branson, Founder of Virgin Enterprises said , “Business opportunities are like buses, there is always another one coming.”
Investors know this and are quick to wait for the next bus in the current project is less than adequate.
The biggest challenge that every entrepreneur faces today is obtaining funding. The traditional funding markets have severely retrenched and are struggling to meet the needs of funding Good People with Good Ideas. Even in good economic times, their reach favors the few.
- Who are the seven potential sources for raising money?
- Which of the 14 types or combinations of financing are best suited to your needs?
- What are the 9 areas that investors/ lenders consider in addition to financial criteria?
- What are the 5 steps you need to take to get your project considered?
- What are the best 16 slides you need to make a 15 minute presentation to funding sources?
Mr. Forrester is President and CEO of First National Consulting, LLC whose objective is to assist companies prepare for raising money and locating capital for business expansion. He is also Chief Financial Officer of Starboard Tack, LLC, the Manageing Principal for the development of a $32 million 216 unit apartment complex near the corner of SR70 and US 301.
Prior to forming First National, he was the Chief Operating Officer for the Seminole Tribe of Florida. Mr. Forrester started and built several successful companies in the leasing, computer and surveillance technology industry.
Mr. Forrester co-founded First National Capital serving as its President and CEO; he built sales from start up to $56 million. INC Magazine rated First National Capital the 42nd fastest growing privately held company in the U.S., and number one in Michigan.
Mr. Forrester raised over $45 million of private equity from over 800 individual and corporate investors and arranged lease financing for over $500 million of equipment that involved more than 75 different investment projects. After selling First National Capital to McDonnell Douglas Capital Corporation, he stayed on as President for two years and increased annual sales to over $90 million and created two public limited partnership projects that raised over $80 million.
Mr. Forrester’s undergraduate degree is in Civil Engineering and his graduate degree is in Business from Ohio State University. Mr. Forrester has written two books on investment and leasing, is a licensed Florida Sales Associate and Realtor, and has his CPA license from Texas.