KBA offers a range of products and services to creative sector clients, including:
KBA FUNDASSIST TOOLBOX
The KBA FundAssist Toolbox has been specifically designed to provide the small creative business with the knowledge and the necessary tools to make a viable proposition to a financing organisation for obtaining additional funding for the company. Whether your business is a start-up or an existing business, this toolbox will provide you with the necessary information to give you the best possible opportunity of raising money. It is designed to deliver professional advice and guidance for small creative businesses looking to develop a serious business proposition for obtaining additional external funding.
The full KBA FundAssist Toolbox contains all the information to enable you to:
* Produce the formal Business Plan
* Evaluate the different types of available finance
* Determine the financing package most suitable for the needs of your business
* Identify the providers of appropriate funding
* Effectively present the business proposition to selected finance providers
The Business Plan is an essential tool if you are seeking external finance for your company. Whether your business is starting up or is established, the Business Plan is the roadmap for the future development of the company.
It is the key document when you are looking for business funding, whether applying for a simple overdraft or looking for new investment or capital for a start up or for growth of an existing business.
For the purpose of raising finance from lenders and/or investors, the Business Plan has only one objective - to sell you and your business to an external funder.
The plan should be regarded as an invaluable sales tool, often being the only opportunity that a business has to present its case for obtaining funding to a prospective lender or financing organisation for its launch (start-up business) or its expansion (existing business).
The Business Plan enables finance providers to understand your vision and goals for the business, how you are going to spend the invested or borrowed money and how this will benefit both the business and the potential funding providers.
It will be read by people unfamiliar with your business and the creative sector in general, so technical and sector-specific jargon must be avoided at all costs.
Most Business Plans sent to investors are far too long and people simply do not have the time or the inclination to read them. Therefore the version of the plan that you give to potential funders must be concise (i.e., if possible, less than 30 pages including the financial plan). However, do not skimp on the financial information provided - this is what investors are particularly interested in!
Finally prospective lenders and/or investors have one particular characteristic in common - they only wish to invest in or lend money to businesses that are potentially PROFITABLE.
THE KBA FUNDASSIST SCHEME
KBA will work with you on a one-to-one basis to complete a detailed review of your business and your need for additional finance. This assessment will help you identify any further steps you may need to take before you put forward your formal proposal for ongoing funding.
Those businesses participating in the scheme will be allocated a professional adviser who will provide the type of assistance necessary to ensure a high level of “finance readiness” of your business and who will advise on the type(s) of finance to be sought.
The program is designed to lead you step-by-step through the process of raising finance and includes the following elements:
• Preparation of formal Marketing & Operational Plans for your business
• Development of detailed Sales & Financial forecasts
• Production of a formal Business Plan to assist you to clearly and successfully
express your funding needs to prospective financing organizations
• Determination of the type & level of additional funding required that would be
most appropriate for your company's ongoing financing needs
• Identification of appropriate financing organisations that may be able to provide
the necessary funding, including the availability of any creative sector specific
finance, such as loans, grants, equity, etc.
• Assistance with making your applications for financing
This Business Plan will be used as the key supporting document for your funding applications.
The total cost of the one-to-one support provided under the KBA FundAssist Scheme is heavily subsidised by KBA and the cost of KBA Support may be payable in installments.
So, if you have a business in the creative sector and are looking to raise external finance, why not contact us?
K Benson Associates have many years experience and in depth expertise in assisting with the preparation of business propositions for financing for companies in the creative sector and all of this knowledge is now available to you, at an affordable cost.
KBA RETAINER SERVICES
Starting and managing your own business will inevitably involve facing some tough challenges and having to make some difficult decisions. There will be times when you need specialist advice. At other times, being able to turn to an experienced person that you know and trust for business support can be a great help. KBA can offer specialist advice, on an as required retainer basis, in a number of key business areas.
KBA can provide the information, advice and support you need to start, maintain and grow your business.
A KBA Business Adviser, with in-depth experience of working with your type of business, can help you to organize your business activities to make your enterprise as commercially successful and financially rewarding for you as possible.
Your KBA Adviser will be an experienced and successful business person and a good listener. It is great to have someone objective to bounce your thoughts and ideas off. Regular communication with your KBA Adviser will help you to decide whether your current and future ideas are worthwhile.
Whenever you need to know something, the ability to call up and speak to your KBA Adviser who is able to help, provides a really effective and friendly business information service. You can depend on the information you are given, as the advice provided is unbiased. Having the luxury of someone you can trust outside of your business giving you the benefit of their knowledge and experience can prove to be very beneficial.
Small businesses don’t have big management teams. For example, you do not have a Financial Director you can talk to about money matters. So it’s really helpful to have an experienced businessman to speak to about finance, together with other key elements of the business, such as:
• Business Planning
• Obtaining Funding
• Marketing Strategy
• Sales Operations
• Effective Use of the Internet
• Financial Operations
• Business Systems
• Recruitment …
The ability to meet up with your KBA Business Adviser on a regular basis each
month to discuss how things are going, where the business has reached and where you plan to take it in the future, will prove a big bonus for the successful ongoing development of your company.
For further information about any of these products or services, contact the KBA team.