Cashflow Canucks - Stephanie Sims - Finance_ability
Join me and my guest, Stephanie Sims, as we talk about where you can get the right funding to grow your business. Stephanie is a speaker, author, podcast host, and the founder of Finance-Ability. She helps entrepreneurs find the money they need by helping them build their knowledge, tools, and self-awareness. She’s going to give some useful advice on raising capital. Welcome, and enjoy!
In this episode, you’ll learn about:
● Knowing the right funding mechanism for your business. Angel or venture capitals are not your only options.
● How you can leverage your clients for outside funding
● What can convince early-stage investors to invest in your business?
● The change in business ideas post-COVID pandemic
● Building a database approach to investing in order for more people of different backgrounds to get access to capital
● And more!
About Stephanie Sims:
Stephanie has more than two decades of experience in finance, quality & IT management, and valuation of public and private entities.
She began her career in real estate investment banking, working with Goldman Sachs, CSFB, and Lehman Brothers on over US$5B (book value) of transactions in the US and Europe. During her tenure, Ms. Sims was responsible for all aspects of transactions, from due diligence through closing.
Beginning in 1999, Stephanie assisted Swiss start-up MicroChemical Systems (MiCS) in obtaining multiple rounds of business development capital and created financial projections and reporting processes sufficiently robust to satisfy venture capital investors. Over the next nine years, she managed the company’s finances, including the development of IFRS reporting, and created reliable data and improved communication through the implementation of an enterprise resource planning (ERP) system. Stephanie was instrumental in the successful sale of MiCS to an FTSE-250 company in 2007, thanks to her extensive transaction experience.
Upon returning to the US in 2009, Ms. Sims founded Rimalu Ventures, a Scottsdale, Arizona-based consulting firm for small businesses. She has assisted clients in developing or strengthening their financial tools, which has allowed them to obtain additional financing from current or new investors. Her transaction, quality management, and strategic experience have also improved the value that clients have obtained from the sales of their business.
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You can find Stephanie Sims on:
● LinkedIn: StephanieJSims
● Twitter: @Finance_ability
● Facebook: @Finance_ability and @WhatsYourAsk
● Instagram: @Finance_ability and @WhatsYourAskPodcast
