What is Finance-Ability?

Finance-Ability is a characteristic of your business that exists, whether you recognize it or not. It is literally your ability to manage your finances in a way that builds value.

Your Finance-Ability plays a key role in your ability to obtain loans or investments, so you need to understand it. Using our assessment tool, you can quickly identify your strengths and weaknesses, so that you can select partners who see things the same way you do.

On any adventure, you have to look at where you are, and where you want to go. And as the adventure unfolds, you get better at identifying ways to make things work efficiently and safely.

The same is true for your Finance-Ability – once you understand your Finance-Ability today, you can improve it, which boosts your chances for getting funding in the short term. Continually improving your Finance-Ability will help you build value into your business whether you want to sell in a few years or pass your business on to your kids.

We want you to look at the value of your company in a completely new way. By knowing your worth and being able to explain it to someone who can appreciate that value.

Why did we create Finance-Ability?

We created Finance-Ability to help business owners get their confidence back, through understanding what their financing options are and which are most likely to help them achieve their goals. Despite what a lot of the popular publications say, there is no holy grail of finance. While venture capital may be a ticket to the big time for some companies, for the majority of companies, it just prolongs the agony. And while getting a loan from your bank may be how your dad did it, it could be exactly the wrong move for where you want to take your company.

Why waste time pursuing partners who aren’t a good fit for you? Just like you wouldn’t look for suppliers who don’t sell the equipment that you need, there’s no reason to look for financing from a partner who’s got very little in common with you. If the only thing holding the two of you together is the money, it’ll fall apart as soon as there’s a problem. And that’s not a headache you need when you’re trying to grow your business.

So who is Stephanie Sims?

Meet Stephanie “The Suit” 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 implementation of an enterprise resource planning (ERP) system. Stephanie was instrumental in the successful sale of MiCS to a 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.

Here’s Stephanie “The Business Owner” Sims

A second-generation entrepreneur, Stephanie believes that business owners are amazing people who contribute to both the local (financial) economy and the “mental” economy by generating hope and positive energy all around them. Too many business owners become disillusioned because they’re unable to fulfill their dreams, and the desire to help is what drove Stephanie to work within and later consult with start-ups in need of funding.

Her experience with large transactions and her knowledge of how due diligence works made it easy to spot one of the key reasons that entrepreneurs face such difficulty getting financing: they don’t understand the fundamentals of evaluating risks versus rewards.

This “aha” moment was driven home when her parents planned to sell the business they had owned for more than 25 years. Stephanie wanted them to recover something more than pride, so she started asking herself how she could help business owners realize their own value AND get enough knowledge about finance to stop being intimidated by “the suits”.

Working with owners during both the funding and sale process, she realized that business owners needed down-to-earth explanations of financial principles instead of jargon. And given the plethora of financing options, they needed an easy way to know where to start, so that they didn’t waste time and energy.

Developing this knowledge base led her to see that everyone has the ability to manage their finances successfully, but they don’t always realize it. And that’s where the notion of Finance-Ability was born…

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