Raising Capital | Nathaniel Beneby

Course Instructor

Nathaniel Beneby Nathaniel Beneby Instructor

Former Managing Director, Royal Bank of Canada (Bahamas).

What will you learn?

✓ How to raise funding for your business

✓ What are the primary sources of capital for businesses in The Bahamas

✓ What types of businesses are investors and lenders looking for to invest in or lend to

✓ The importance of business skills and expertise

✓ Managing expenses

Careers this course prepares you for

✓ Entrepreneurship

✓ Business Leadership

✓ Small Business Consultancy

Overview

 

Raising capital for a business can be very difficult, but it is not impossible. In this course, Mr. Nathaniel Beneby gives us a roadmap and various strategies for finding the funding that your business needs. Mr. Beneby draws on 40-plus years as a banker at the Royal Bank of Canada, where he started as an entry-level and climbed the corporate ladder to become the first Bahamian President of RBC in the Bahamas. Mr. Beneby is also a businessman and owns several medium and small businesses in The Bahamas.

Mr. Beneby teaches in depth the main sources of capital in the Bahamas which are:

  • Cash and Savings
  • Bank Loans
  • Equity Contributions
  • The Bahamas Entrepreneurial Venture Capital Fund
  • The Bahamas Development Bank
  • Capital Markets such as Royal Fidelity and CFAL

He passionately expresses his concerns for companies with a copycat mentality and warns that entrepreneurs with this mindset will be less likely to receive funding. He shares that innovative and creative companies are more likely to succeed and ultimately receive funding.

He goes further into why companies fail, giving attribution to a lack of business expertise and a lack of understanding of financial statements.

He also shares the difficulties of doing business in the Bahamas because of high capital and operational expenses. He believes businesses should be fully capitalized with 6-12 months of operational expenses accessible to ensure longevity.

As a man of faith, Mr. Beneby shares the importance of faith in business along with guiding principles that have led to his success. He encourages all entrepreneurs to seek help from business professionals and associations that provide expert advice. Mr. Beneby believes in the concept of people helping people and believes that reaching out to others is the key to realizing your dreams.

We hope that this course provides critical insights into raising capital, managing expenses, and building a profitable and long-lasting business!

Course Information

Estimated Time: 30 minutes

Difficulty: Beginner

Course Instructor

Nathaniel Beneby Nathaniel Beneby Instructor

Former Managing Director, Royal Bank of Canada (Bahamas).

Free

FREE

This course is our special gift to you for joining our learning community!

Raising Capital

Has Quiz
Has Quiz
Has Quiz
Has Quiz
Has Quiz

Mr. Nathaniel Beneby is the former Managing Director of the Royal Bank of Canada (Bahamas). Mr. Beneby was the first Bahamian to hold this prestigious position. As a career banker, Mr. Beneby has broken barriers and redefined what Bahamians are capable of in the banking industry.

He holds a Bachelor of Science degree in Business Administration, from California Coast University Santa Ana, California, and an MBA (Honours) from the same university.

He joined RBC Royal Bank of Canada in 1973 as an entry-level clerk. At times, as a clerk, he filled in for the messenger. Mr. Beneby exemplifies determination and exceptional professionalism as he was able to start from the bottom of the largest bank in The Bahamas and rise to the pinnacle of success.

He has held a number of other notable positions throughout his outstanding career. Some of these include:

  • Chairman of The Royal Bank of Canada, Bahamas, and Cayman
  • Managing Director of RBC FINCO
  • Board Member of Doctor’s Hospital Health System
  • Past President of the Bahamas Institute of Financial Services
  • Chairman of the boards of Bahamas Power & Light and the Bahamas Electricity Corporation
  • Chairman of the boards of the National Disaster Reconstruction Committee
  • Deputy Chairman of The Bahamas Automated Clearing House
  • Deputy Chairman, Public Hospitals Authority
  • Co-chairman of the fundraising cabinet to raise funds for the College of The Bahamas in its efforts to obtain University status.
  • Fellow of the Bahamas Institute of Financial Services
  • Board member of The Hotel Corporation of The Bahamas
  • Member of the Clearing Banks Committee
  • Advisory board member of The Salvation Army
  • Advisory board member College of The Bahamas, Northern Campus

Mr. Beneby is also a businessman, ordained Minister, and serves in advisory capacities to various organizations. He credits his success to his faith in God and the consistent support from his family.

Raising capital can be one of the most challenging aspects of starting a business. Most people don’t know where to start in getting the funding to make their dream business venture a reality. At times, the journey of raising capital may seem impossible. This is why we decided to offer this course in Raising Capital by Mr. Nathaniel Beneby, one of the greatest bankers The Bahamas has ever produced.

In this course, Mr. Beneby provides a wide-ranging, yet succinct teaching on the do’s and don’ts when you are looking to get funding for your business. Drawing on over 40 years of banking and executive leadership, Mr. Beneby makes raising capital more simple, understandable, and achievable. This course is for the dedicated entrepreneur looking to build a business that will last for the long term, and yield high returns for themselves and those who choose to invest in their vision.

Raising Capital

Has Quiz
Has Quiz
Has Quiz
Has Quiz
Has Quiz

Shopping Cart