I need only 20k to start and can be profitable within a couple of months. With pre-placed orders it can be profitable within 1 month. And I am not able to borrow from friends or family. The only people I know with enough money are my grandparents and everyone in my family has "borrowed" money from them and I know of no one who has repaid them.
I have now had 5 potential investors tell me my BP sounds too good to be true. I have dropped sales estimates by 70% to only 10 units a month and when I placed limited coverage trial ads on places like Craigslist, I got way more than 10 leads. Also that was in only a few cities.
It also does not help that it is a low amount, and in the automotive sector. The last potential investor was actually an investment finder. His investors want investments that start at 5m.
What do I do ? I have even tried to offer 50% of the profits for the first two years as repayment, making the investor millions, instead of a few thousand.
2006-06-29
04:55:07
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2 answers
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asked by
ColvinBri
2
in
Business & Finance
➔ Investing