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Hi, I have a business that is 6 months old. I have exhausted my savings trying to get started. My credit is not the best...What are my options for funding? Thanks in advance...

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5 answers

Good evening Vanessa,

I'm glad you were focused on business success, unfortunately you may have needed to set-up projections before "stepping into the game."

I'f you already have happy clients or personal contacts willing to assist, please refer to GoFundMe. It is very popular

http://www.crowdfunding.com/

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This is an issue that majority of small business managers will be confronted with. Many things need to be done when commencing your own business. I would encourage you to educate yourself in this area. There are business programs on Possible Typo Possible spelling mistake found Replace with: tell Teri deli Eli Tel Veli Or add 'teli' to the ignore list.

teli , much info on the internet, workshops you can attend... It's really a step by step approach and as each year passes and if you continue to learn and educate yourself, write down your business plan and continually monitor, evaluate and change it, you can develop your own business model. This needs to be one of the goals of any small business because it empowers you in a range of ways. The main thing is to be focused on what your goals are, write them down and keep them clearly etched in your mind so that everything you do becomes like a mini project. You've either done it or you haven't. With any goal there are criteria to meet. This approach can also be used in your personal life. And given that anyone in small business will spend many hours developing it, they will benefit from this approach.

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Vanessa, what kind of business do you have?

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Hi Roxana, Thanks for your response! I help people who are stressed, destress. I help them to turn where they stay into a SPA for a DAY. I do this with my spa quality soaps, body butters, lotions and candles, etc. All of whjch I formulate and compound myself...

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Vanessa, my apologies for the delay in responding. Just catching this now. So you're a mobile spa providing on location services, correct? If so, this is very cool. I have a few questions for you before giving you funding suggestions.

  • How much money do you need for your business?

  • Do you already have inventory you can use to do business?

  • If not, do you know how much inventory you need and the cost?

  • What's your biggest expense at the moment?

  • What's your biggest challenge with your business?

After I get this, I can try to give you insight on what the best funding options would be for you.

Cheers Roxana

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