We need to find capital to purchase samples and containers of building material to wholesale to the market. We know we are buying the material at a really lost cost and there are potenial buyers everywhere.
2007-03-24 14:57:08 · 6 answers · asked by Jdisclose 2 in Business & Finance ➔ Other - Business & Finance
To get started, I suggest contacting the Small Business Administration Financing Page (SBA) – links below. Entrepreneur also offers a great site dedicated to money & finance – see below.
Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
* Free Money for Small Businesses and Entrepreneurs by Laurie Blum
* Finding Money: The Small Business Guide to Financing (Small Business Series) by Kate Lister, Tom Harnish
* Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy
* No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money by Terry Allen
* Starting on a Shoestring: Building a Business Without a Bankroll by Arnold S. Goldstein
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2007-03-28 04:52:36 · answer #1 · answered by TM Express™ 7 · 0⤊ 0⤋
Don't forget that 9 out of 10 potential buyers are also price shoppers, who on average expect and I mean fully expect at least 20-30% off but 50% is more like it and they really want 70% while a few aren't happy unless it's 90% off your price.
Once this is understood, I realized it made more sense to save my money for several years and operate on those savings for capital, if for no other reason than I found myself having a deeper respect for the money itself.
2007-03-24 15:23:22 · answer #2 · answered by netthiefx 5 · 0⤊ 1⤋
I agree with Carlene (surprised??). U need a business plan to present to any money lenders.
Find out if there is funding for a small business grant in yr area and walk in the door with a business plan...
the 3 legged dog had a plan when he went into the bar looking for the man who shot his PAW!
2007-03-25 12:15:57 · answer #3 · answered by front door 3 · 0⤊ 0⤋
Wow the previous answers sucked.
To start off you really need to develop a business plan to demonstrate to potential investors how your business will make money over the years. If you have a well thought out plan you're more likely to attract investors.
For your angel round investments (first round) -- you should ask your friends and family to tap into their network and see if they or their associates would be interested (of course provide your business plan)
You can also try to get loans from prosper.com, where you get loans directly from individuals.
Hope this helps -- if it does please remember to select me @the best answer =)
2007-03-24 16:15:28 · answer #4 · answered by MM 5 · 0⤊ 0⤋
A Revolving Loan Fund (RLF) provides small business loans to people who have no credit history or access to commercial bank loans. Borrowers tend to be small producers of goods and services — typically farmers and artisans — and many are women. RLFs provide the initial loans for business start-up and expansion. The ultimate goal is for these entrepreneurs to become financially independent and eligible for loans from commercial banks. Payments are generally returned directly to the fund and used to make new loans — hence, the term revolving loan fund.
Small Business loan ...Check out BofA and the Federal Government. Good luck with your business!!!
2007-03-24 15:11:04 · answer #5 · answered by Kamp 4 · 1⤊ 1⤋
Need to go to SCORE they will help you with a business plan and then SBA.ORG
2007-03-24 16:20:42 · answer #6 · answered by Carlene W 5 · 0⤊ 0⤋