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Top "Financial Channel" News Story:
Alternatives to CAPCO Funding for Businesses.
by Nicole and Justin Richards
"CAPCO Programs Offer Tax Credits to Attract Venture Capital for Small Business."
The "certified capital company" (CAPCO) program provides a framework for states to foster local entrepreneurship and lends itself to modifications in response to industry trends, thus giving states a new tool with which to address the priorities of the small-business sector and the states' own economic development goals.
Venture Capital Qualifications plus Business Development and Services:
You must have a sound business plan in place indicating, revenue projections, costs, accounting practices, competitive analysis, sales, advertising and marketing projections etc.
Competent Management: The success of any business relies on the ability of the managers to effectively lead, envision and guide the company into the future.
Competitive Edge: Venture Capital Companies want to make sure that the company they are investing in has a core competency, which has a potential to out-compete their rivals and make the business one of the leaders in the market.
Growth Industry: High revenues and profits are generally associated with high growth industries. That is why companies in rapidly growing industries capture the biggest percentage of venture capital funding available. The rationale suggests that if an industry is growing rapidly, there is continued demand for the products and services in that industry. The firms that capture the demand will enjoy higher profits in the short-to-medium time horizon.
The following are some of the questions entrepreneurs should ask themselves to determine whether they can qualify for venture capital financing:
Is yours a technology company?
Is your company capable of becoming a market leader?
Can you build the company cost effectively?
Is there a clear market demand for the product/service that your company offers?
Is there a clear distribution channel?
Can the company grow its sales rapidly in 5 years with the prospect of growing into a $ 50 million to $ 100 million business in 10 years?