EXECUTIVE SUMMARY
During times of economic uncertainty we can take action through aligning our organizations to strengthen the ecosystem for small business owners by delivering a strong business developmental approach to put capital to good use. Together we can provide a more comprehensive coverage in the supply of information and equip companies with niche innovations.
Our chief aim is to become a large multinational firm that possesses the coordination skills and become team leaders in globalization. By helping companies increase exports, train workers, and drive organizational functions that are in line with bank’s long term business prospects, we will lessen the risk of loan defaults and add a layer of performance qualifications that will heighten the chances of success and increase the capacity of relationships between creditors and small business.
Currently, FF10 is focused on maximizing positive outcomes for small businesses in the tertiary markets since over half of the workforce in our country is staffed by companies with less than 500 employees. Thus, the majority of organizations that fit this criterion are engaged in providing services. A few of our initiatives include improving business performance; mitigating payroll, sales, and business property tax at the state and local levels, using technology to stream line overhead expense and enhancing human capital cybernetics through teaching business principals.
CAPITAL FORMATION AND USE OF CAPITAL
Another goal is to prioritize capital usage. This means that we set aside a certain amount of capital that is examined by the bank and our team for the purposes of allocating funds to the small business owner for expansion. This capital allocation is strictly for improving the fitness of the business, driving operational excellence, and producing profits. The amount of money issued will depend on the local market surrounding the small business (demographics), current capital structure of the entity, and future prospects.
Through proper oversight, we can accelerate success rates and grow companies with the right balance of debt, equity, and business procedures to reach economic equilibrium. Thus, taking action to raise entrepreneurs’ confidence is paramount. When associates see how successful this advisory circle can be, other aspiring proprietors will want to start their own local companies under this umbrella.
Compensation for our efforts to strengthen small business will not compete with your bank’s loan priorities. FF10 PARTNERS will simply collect a percentage of the net profits of the business through driving productivity, and derive its earnings from a secured bank account that is overseen by the partnership committee. Further, metrics can be mutually tracked via an electronic system in real time P/L.
In turn, FF10 PARTNERS will pay the bank an agreed upon percentage of net earnings for the banks role in providing capital. Essentially being a profit sharing plan that retains the bank’s ability to make its normal returns on loans but rewards the bank with top line earnings. From these projects in house, it gives us the flexibility to assess and come up with new ideas and in real time.
PARTNTERSHIP
The business process between FF10 PARTNERS and the institution will be under the highest scrutiny in regards to performance and new ideas. Our philosophy is to build blocks of tradition; therefore we will flaunt a transparent joint venture process. Reporting, quarterly progress, and earnings will all be monitored carefully. The success of such projects will surely bring the financial institution notoriety and repeat business. The government, private equity, venture capital and other financiers will have a new stronger competitor to deal with.
In time, the initial plan will grow into a formidable relationship and strategy with it culminating into a new entity with the specific purpose of financing businesses through strong oversight and calculated performance budgeting. More importantly, we will be able to quantify job creation and real success of the small business from applying all that we know and a meeting of the minds of this magnitude will surely provide a positive impact for the economy.
We strongly urge you to consider the idea of helping small businesses through some of the aforementioned microfinance strategies. In closing, we would like to thank you for your time and consideration and we look forward to ongoing discussion regarding these matters.
Sincerely,
FF10 PARTNERS, LLC ©2011
