公司的融資的外文翻譯

外文翻譯FinancingYourCompanyMaterialSource://login.aspx?ReturnUrl二http%3a%2f%2%2fNSTLAdvancedSearch.aspxAuthor:Roberta.SOnceacompanyisformallyestablished,thenextstepisthatofraisingcapital-andcertainlyplentyofit.Raisingmoneyforastart-upcompanymaybethesinglemostarduous,andtime-consumingactivityundertakenduringone,scareer.Thedecisionsmaderegardingcompanyfinancingimpactitsfuturegrowthopportunities,soitisimportanttounderstandthemyriadofissuesinvolvedwithfinancingchoices.Properfinancialplanningisofsuchcriticalimportance.Inthischapter,wediscusshowmuchmoneyisneeded,howlongittakestofindit,andwheretogotoseekfunding.Ifacompanycarefullymanagestheirproduct,sdevelopmentandconsistentlymeetskeydevelopmentmilestonesinatimelymanner,theywillgreatlyimprovetheirchancesofsecuringthecapitalneeded.Beingproperlypreparedandlearningsomekeyaspectsaboutfundingwillmakethischallengingjobmorerewarding.Inthefollowingsection,Iwouldliketosharewithyouseveralnotionsthatareimportanttounderstandbeforeraisingcapital.Thetotalamountofmoneyacompanyneeds,dependsupontheproductandcompanybusinessmodel.Beforeraisingmoney,determinetheamountofmoneyneededforthespecificproduct,andestimatetheamountofmoneyneededtomovethroughtoeachproductdevelopmentstage.Whencalculatingtheneededcapital,besuretoincludeallexpensesinadditiontoproductdevelopmentcosts,suchasmarketdevelopmentandcorporatedevelopmentcosts.Therearetwopitfallswhenprojectingfinancialrequirements.Thefirstoneisestimatingthatlessmoneyisrequiredthanreallyneeded.Thisisacommonproblemforfirst-timeentrepreneursbecausetheyarenotfamiliarwithdevelopmentcosts,ortheobstaclesandtypesofdelaysthatincreasecosts.Agoodwaytoavoidunderestimation,istobasecostestimatesontheamountofactualcapitalsimilarcompaniesraisedduringeachstageoftheirdevelopment,andestimatethetotalmoniesrequiredtoreachcommercialization.Eachsourcehasdifferentinterests,differentlimitations,andeachsourcebringsadifferentvaluetoanorganization.Itisimportanttoknowtheobjectivesandinterestsofeachcapitalsource,soyoumayfocusyourprecioustimeontheonesthathavethehighestlikelihoodofinvesting.Eachfinancingsourcehaspreferencesininvestingataparticularstageofdevelopment,sodonotwastetimebyapproachingthematthewrongdevelopmentstageofthecompany.Atsomepoint,raisingmoneyoverthecourseofacompany,sdevelopmentwillseemlikeafull-timejob.Embracethisnotionratherthanrunfromit.Inactuality,someoneinthecompanywillindeedberaisingmoneycontinuouslythroughouttheorganization,sdevelopment.Evenaftersecuringthefirstroundofcapital,thecompanyshouldbepreparingforfollow-onfinancing.Raisingfollow-onroundsofcapitaliseasierandoccursfasterwhenacompanycontinuouslycommunicatesitsprogresstoexistingandpotentialinvestors.Workonkeepingthecompanyinthepubliceye,andalwayslookforopportunitiestosharethebenefitofyourproductideatopotentialnvestors.Seekopportunitiesforspeakingatventureforumsandinvestormeetings,irrespectiveofwhetherornotcapitalisimmediatelyrequired.Iroutinelytrytosecureapresentationslotatmanyhighprofileinvestorconferencemeetingsevenwhencapitalisnoteminentlyneeded.Thesetypesofactivitiescanseematthemomentnonproductive,butitisbuildingcredibilityandleveraginginterestforlater.Raisingcapitalwillbemucheasierduringsubsequentfinancingroundsifitisrecognizedthattheentrepreneur,sjobistoraisemoney.Evenafterbecomingsuccessfulandthecompanybecomesprofitableyouwillstillneedexpansioncapitaltogrowthebusiness,acquireproductlinesortechnology,makecapitalimprovements,oracquireothercompanies;sodonotforgetthatyoureallyare,inasense—alwaysraisingmoney.Itiseasiertoraisemoneywhenacompanyhasmoney.Waitinguntilthecompanyisbonedryofcashofferslimitedoptions,littlenegotiatingpower,andusuallyresultsinadesperatesituation.Whencashisinthebank,thatisthetimetobeginattractinginvestorsforfuturerounds.Investorsdonotliketoinvestindesperatecompanies;theywanttoinvestinprogressiveandvibrantcompaniesthataremakingexcitingproductdevelopmentprogress.Learntoraisemoneywhenmoneyisinthebank.Rememberonecanalwayssay“no”toinvestors,butonecannotsay“no”untilsomeonehassaid“yes.”Thereisnoadvantagetohavingunusuallyhighvaluationsforacompanyatanystage,particularlyattheseedandearlydevelopmentstage(valuationandfinancingstagesarediscussedinmoredetailinChapter9).Thehigherthevaluationisfromreasonableness,themoredifficultitwillbetoraisethenextroundofcapital.Companieswithunreal-isticvaluations,andinneedofcash,usuallywindupacceptinga“downround.”Thisisasituationwheretheprevious(premoney)valuationisreducedinordertosecureanewinvestment.Inadownround,theexistingshareholderslosemorethanjustastraightproportionalownershipoftheirequitybydilution.Learnnottobegreedyorhavegreedyinvestors.Whenfinancingisdoneright-intheend,everyonewillberewarded.Thereissometruthtothesaying“Pigsgetfat,buthogsgetslaughtered.”譯文公司的融資資料來源：//login.aspx?ReturnUrl=http%3a%2f%2%2fNSTLAdvancedSearch.aspx作者:羅伯特一旦公司成立，下一個(gè)步驟理所當(dāng)然的便是提高公司的資本，籌資活動(dòng)是一個(gè)艱苦,而且耗時(shí)巨大的活動(dòng)。關(guān)于公司融資決策,對(duì)中國未來的發(fā)展機(jī)會(huì)有著很大的影響，所以這有一個(gè)很重要的問題就是要了解有關(guān)的很多很多的融資方式選擇。這其中適當(dāng)?shù)呢?cái)務(wù)規(guī)劃是至關(guān)重要的。在這一章中,我們討論了這么個(gè)問題，我們需要籌集多少錢,需要多長時(shí)間才能籌集到它，可以去什么樣的地方尋求資助。如果一家公司經(jīng)過精心的規(guī)劃自己的產(chǎn)品發(fā)展并且不斷滿足關(guān)鍵的發(fā)展階段,很快的,他們要得到的所需的資本獲得的機(jī)會(huì)將有極大的提高。做一些正確的準(zhǔn)備,學(xué)習(xí)經(jīng)費(fèi)方面的一些知識(shí)，能使這有挑戰(zhàn)性的工作得到更好的回報(bào)。在接下來的部分里，我想與你們分享一些其中的觀點(diǎn)，即是先了解相關(guān)具體的狀況后，再去募集資金。公司需要多少的資金總額,是依靠公司的產(chǎn)品以及公司的業(yè)務(wù)模式?jīng)Q定的。在募集資金前,首先要確定這批所需的資金數(shù)量被用于公司哪批特定產(chǎn)品，并且估算出每件單位產(chǎn)品經(jīng)歷一系列的發(fā)展階段所需要的單位資金。當(dāng)在計(jì)算所需要的資金時(shí),一定要包括所有的費(fèi)用以及產(chǎn)品的開發(fā)成本,如開拓市場和公司自己的研發(fā)費(fèi)用。當(dāng)在預(yù)測財(cái)務(wù)需求時(shí)，通常會(huì)存在一些誤區(qū)。其中一個(gè)是估計(jì)所需的資金比真正需要的資金少了。這是一種很常見的問題,因?yàn)橐话闫髽I(yè)家他們第一次不太熟悉研究開發(fā)的成本,和一些其他的意外增加成本。避免這種情況的一種好方法就是在建立估計(jì)時(shí),對(duì)產(chǎn)品的開發(fā)成本,如開拓市場和公司自己的研發(fā)費(fèi)用，實(shí)際資本的數(shù)量明細(xì)到公司自身發(fā)展的各階段,而得到的估計(jì)總款項(xiàng)需要達(dá)到商品化要求。每一個(gè)資金出處來源都有屬于自己的不同的領(lǐng)域,不同的局限,每個(gè)資金出處來源帶來了屬于自己的不同的價(jià)值,詳細(xì)到每一個(gè)組織。更為重要的是，假如你知道自己公司所要達(dá)到的具體的目標(biāo)，和每個(gè)資金的去處所能給公司帶來的具體利益,這樣就能提高公司的自身效率，讓公司的在有效且較短的時(shí)間里去投資那些投資回報(bào)率最高的投資項(xiàng)目。金融發(fā)展的每一個(gè)階段，都會(huì)存在著各種各樣的投資偏好，但不要浪費(fèi)公司的時(shí)間來投資這些他們?cè)阱e(cuò)誤的發(fā)展階段。從某種意義上來說,一家公司募集資金的經(jīng)歷對(duì)其自身發(fā)展來講，看起來更像一個(gè)全職得工作。我們應(yīng)當(dāng)去熱情的擁抱這個(gè)想法,而不是選擇去逃避它。在現(xiàn)實(shí)的公司經(jīng)營中,有些公司在全面的發(fā)展的同時(shí)，自身的內(nèi)部融資跟不上需求，的確需要不斷的去募集資金來支持它的發(fā)展與擴(kuò)張。即一般在發(fā)展的公司，在保證第一輪資本供應(yīng)后、公司資金不應(yīng)該出現(xiàn)斷層，應(yīng)當(dāng)馬上準(zhǔn)備后續(xù)融資。后續(xù)資金的準(zhǔn)備充足，對(duì)發(fā)展中的公司有著莫大的好處，能更好的開拓市場和研發(fā)新產(chǎn)品，相當(dāng)于是一個(gè)潛在的投資者。盡量把自己公司的狀況展示在公眾眼中，讓他們了解你們的公司，盡量的尋找機(jī)會(huì)和你的投資者分享公司的利益以及產(chǎn)品理念，那樣會(huì)吸引更多的潛在的投資者。盡量的尋找機(jī)會(huì)在風(fēng)險(xiǎn)論壇和投資者會(huì)議上展示自己的公司，不論自己的公司目前是否立即就需要資本。我經(jīng)常看到在很多即使資本沒有顯著的需要的公司在許多風(fēng)險(xiǎn)論壇和投資者會(huì)議上會(huì)議高調(diào)地做著報(bào)告，展示著自己的公司。這些行為目前似乎沒什么必要和作用，但它卻是在潛移默化中建立著信譽(yù)，它的杠桿利益可能會(huì)有點(diǎn)滯后，但終究還是會(huì)有效果的。自身企業(yè)價(jià)值的提高，公司資本的上升，企業(yè)家會(huì)發(fā)現(xiàn)