Rising Stars – How to make $ Millions through Entrepreneurism – Part 2
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To all Rising Stars and FEI Board Members:
The next Rising Stars Advisory Board of Directors meeting is on
Tuesday, September 17th from 6:30pm to 8:30pm.
How to make $ Millions through Entrepreneurism – Part 2
In this Part 2 of 2, Mr. Purfey will explain how to attract investors to invest $ millions, the economics of product development, arriving at the “best” sales price, cost of goods sold estimating, long range forecasting and modeling of economics (IRR, NPV, etc.), personnel development, leveraging patents and trademark protection, 1099s vs. W-2s, getting the product message out, sales and marketing, attracting buyout candidates, dealing with foreign entities, bridging the working capital gap between final product development and mass production, licensing, and the “box strategy” for realizing optimum capital wealth.
Our speaker is:
Kenneth J. Purfey
Identification Solutions, Inc.
In May 2019, Mr. Purfey won the highly coveted FEI award of “CFO Of The Year” for his work and excellence in Entrepreneurism. Mr. Purfey has a 40-yr background in all areas of finance, accounting, and economics while holding the MBA, CPA, CMA, CFS, FCPA, CDFA, CFF, and CFP certifications. He has been inducted into the AICPA “National Hall of Fame” for Lifetime Achievement. Mr. Purfey is a Sarbanes-Oxley expert, a Corporate Governance Expert, an Income Tax Expert, an Expert Witness for the SEC, an Anti-fraud Expert, an Expert Witness for local County Governments, and has appeared several times on National Television, most recently on the Oprah Winfrey Show.
Mr.. Purfey is the Founder Father of FEI Rising Stars Advisory Board and serves as Chairman Emeritus.
He is also the Founding Father of a very successful medical device company taking it from an idea on the back of a napkin to be worth $ millions today. In this Part 1 of 2, he will explain the details of what it takes to have a successful startup, organization and formation, engage hundreds of shareholders worldwide to invest $ millions, develop the product, take it successfully through clinical trials and prepare it for either an IPO or a buyout. This will include the best or optimum corporate structures for success in both the US and Europe.
This event is exclusively for the Rising Stars and FEISV Board Members.
3975 Freedom Circle Drive, 2nd floor, Mission Towers 1
Santa Clara, CA 95054
(adjacent to Great America Parkway)