
The
fourth installment of Starting a Business
in Maine deals with the all-important aspect
of financing a start-up business and some of the
many ways to approach it. The show will touch on
what potential lenders look for and discuss the
possible pitfalls of raising capital from friends
and family, or worse, using credit cards.
The subject of this episode's
entrepreneurial profile is Matt Hoffner, the President
and CEO of JobsintheUS.com,
which is the parent company of the more familiar
(to Mainers, at least) online employment site, JobsinME.com.
Mr. Hoffner was a chemical engineer for 11 years
with Exxon before his frustration with the
internal bureaucracy of such large corporations
led to his involvement in start-up ventures, some
of which, such as Wright
Express, are thriving companies that have moved
beyond what are commonly thought of as small businesses.
His task is to take a small company with limited
capital and find a way to compete against the giants
in his industry such as Monster.com.
Experts on hand to talk with
host Lou McNally and answer viewers' questions
will identify the critical components of a new
venture's financial plan, list the various sources
of capital available to new businesses, drive home
the importance of forecasting and tracking cash
flow, and discuss how lenders and investors evaluate
loan proposals.
The Maine Public Broadcasting
Network recognizes its program collaborators,
the Maine
Community College System, the Small
Business Administration and the Maine
Small Business Development Centers.
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