Monthly Archives: March 2018

Starting Your Commercial Finance

In theory, it’s great if your business can suit everyone’s financial needs but unless you have the proper support, financial and otherwise, you can find yourself walking a very tight rope.

There are commercial training companies that will not only show you the ropes but introduce you to lenders as well. I’ve worked with the team at Commercial Capital Training Group and they are one of the best in terms of support and practical application.

Once you’ve made the decision to start a commercial finance consultancy business, there are a few important steps you should take:

• Research License Requirements – Are there any certifications or special licensing requirements that are needed? I recommend checking your state’s laws on licensing to ensure that you can advise clients on their commercial projects without violating SEC regulations. What role are you playing in your client’s business? How will you be compensated for introducing them to a capital lender? Speak with your attorney.

• Research and Establish Your Company Name – Think of a few names that convey your businesses message and research them to ensure they’re not being used by someone else. Also, unless you have the ability to directly lend money, make sure your clients know that your firm is a consultancy. Once you’ve decided on your name, register your business. Legalzoom is a great one stop shop for legally creating your corporate entity.

• Create your business plan – As boring as it may be, you must have a business plan. I’m always astonished when I speak with new consultants and ask them about their company goals and they respond with “to close more deals”, yet they have no road map for this accomplishment. One of the keys to being successful in this field is having your goals written out. A business plan is not written stone, it can and should be modified as your business grows or changes direction.

• Create your marketing plan – How do you plan on securing new business? Without customers, you have no business, so it’s imperative that you have a plan in place for securing new clients (see our article on Finding Customers). Once your marketing plan is complete, it will also give you a good indication of what your company’s website should contain.

• Meet your Lenders – Here’s where attending the commercial training classes really come in handy. Aside from ongoing support, they can introduce you to a myriad of institutional and private lenders that want your client’s business. If you’re on your own, I would start locally with bankers and private lenders who specialize in corporate finance. Once you fully understand the type of financing they offer, you can seek out clients that fit their parameters.

• Design your loan packages – Now that you have lenders, you can create loan packages for your clients. Make them clean and as succinct as possible because you may also use them as marketing material on your website.

A consultant’s job is to consult. Nothing more, nothing less. But what will separate you from the pack is your passion and knowledge. Take heed to the above steps and you’ll be on your way to becoming a successful commercial finance consultant.

Finance Consulting

Many people do not have the qualifications or thorough understanding of financial management, investments, planning, accounting etc. Luckily, there are people out there who have the know how and can help the rest of us accomplish these fete. They are financial consultants. Their skills are usually acquired by companies or individuals who need expertise on various aspects of finance. They offer professional advice of debt management, setting up long term financial objectives, creating a savings plan and many other things.

It is important when looking for financial consulting that you look for a qualified and certified individual with in-depth knowledge on the various business practices and theories. If you are interested in a career in finance, consulting you have to have thorough knowledge of the various aspects of finance. When you are hired by a company, they already have a specific strategy but they are on the lookout for a third opinion. You will be tasked to review and analyze a proposed plan and then give advice on government regulations, contingency plans, long term viability and industry trends.

Individuals who require finance consulting services may have significant financial resources or a complex investment portfolio. The services that they may require range from tax planning to investment advice. The consultant has to be able to increase the financial worth of their client with minimum risk.

Financial consulting is one of the most lucrative fields in the financial world today. You have to be ready to get a degree in finance and at least ten to fifteen years experience before you can be considered dependable. You can also go for freelance consulting where you would be your own boss but you have to be ready to be dedicated, and put in long hours in order to succeed.

Corporate Finance Consulting

Finance is now part of most common and trivial activities of routine life. Be it marketing, selling any wares, assistance to any person in any form, finance forms the core element. Finance having widespread branches is not merely confined to regular chores of life. In tune of this discussion, comes the concept of Corporate Finance. Corporate Finance, as the name suggests, deals with the sources of funding for big corporate houses and multi-national companies. It is nothing but the steps taken by managers to make the body corporate more viable and lucrative to share-holders and the tools and scrutiny deployed for allocation of financial resources.

As Corporate Finance is big in itself, there are a number of streams of work associated with it. Such activities come under the purview of Corporate Finance Service. Corporate Finance Services includes a wide range of assistance like managing money, which includes banks, credit-card companies, insurance companies, accountancy firms, investment management companies,stock broking firms -to name a few. Many of them provide a series of
services under one umbrella.

Corporate Finance is quite complicated, specially to an organization or a person just being a fresher and thus comes the idea of Corporate Financial Advisory. The basic ideology behind this is the variety of advisory services that are offered to the MNCs and conglomerates about the financial aspects of operations. Such services may either be provided by Boards of the companies constituted particularly to give shape to this idea or by bodies of professionals, being experts. Moreover, among the numerous finance service, which one is the best suited for a particular company is best judged by Corporate Financial Advisory.

The foundation on which the work of a Corporate Financial Advisor is based on is facilitating mergers and acquisitions, joint venture, disposals, apart from others. They are often found in consortium with large investment banks or corporate advisory firms.

It may be pertinent to mention here that strategies that are adopted for a specific company is totally different from that of another.. Strategies are the clever techniques that are adopted to tide over war-like situations. These strategies are being designed by Corporate Finance Consulting mechanism. The work is basically the linking of capital markets ideologies, corporate strategies and financial strategies to help executives and their teams for value-addition purposes.

Worldwide there have been quite a few firms well-known in their area of expertise as Corporate Financial Consultants. Famous ones are A.T. Kearney, PwC, Ernst & Young, Mckinsey & Co., Bain & Co. Deloitte, BCG, and KPMG.

Among the new and rising firms is the Antar which is a boutique consultancy company offering clear, simple, effective and tailor-made financial services and solutions to its clientele. The name “antar” signifies “difference” and it is this uniqueness that sets “Antar” apart from other companies. Among the plethora of services that it offers, Business Recovery, Valuations, Funding, Corporate Finance Services, Transaction and Advisory comes under the endeavour of Financial Consultancy.