TSSVehicleSecurity
8th October 2009, 18:37
Hi Guys...
I'm new to this forum, so excuse my sense of lacking in 'BLOGGING'..
I have been working on a device which I designed, for about 2 years now.. I've been on numerous courses, completed different sessions learning all I can about self employment.. I am even currently studying AAT Accounts to help me once my business has got off the ground..
Basically, as I mentioned, for the past 2 years I have been working on and developing, what started off as a 'idea'. I have designed a security device which isn't just limited to vehicles but can be used for business' and homes too.. Early financial forecasts predict the company to be turning over almost £650,000 in its first year, with profits of around £300,000.. Of course this means nothing as the company has no record of sales, or even letters of intent etc.. But most people would like to know where I endevour to take the business.. If I successfully licence this product to the intended market, and capture just 0.4% of that, the company would turn over in excess of £500,000.
So.. I am currently seeking an investment of approx. £15,000 to help the business through its early stages.. However, to decrease the risk aimed at the investor, I am willing to accept a lesser amount, of around £3,000-5,000 until the patent on this concept has been approved, or until at least you, as an investor are happy to put the rest of the money in...
I am not listing an equity which I am willing to give away as I think it is wrong to value a business when it is still merely a 'concept'. However, I would like to generate some interest and see if anyone would be interested in becoming a shareholder in my company..
I am currently residing in the Newport area of South Wales, so a partner within this area would be ideal as i'm sure you would like to have some input within the business..
Thank you in advance ..
Ryan Timson
TSS Vehicle Security
I'm new to this forum, so excuse my sense of lacking in 'BLOGGING'..
I have been working on a device which I designed, for about 2 years now.. I've been on numerous courses, completed different sessions learning all I can about self employment.. I am even currently studying AAT Accounts to help me once my business has got off the ground..
Basically, as I mentioned, for the past 2 years I have been working on and developing, what started off as a 'idea'. I have designed a security device which isn't just limited to vehicles but can be used for business' and homes too.. Early financial forecasts predict the company to be turning over almost £650,000 in its first year, with profits of around £300,000.. Of course this means nothing as the company has no record of sales, or even letters of intent etc.. But most people would like to know where I endevour to take the business.. If I successfully licence this product to the intended market, and capture just 0.4% of that, the company would turn over in excess of £500,000.
So.. I am currently seeking an investment of approx. £15,000 to help the business through its early stages.. However, to decrease the risk aimed at the investor, I am willing to accept a lesser amount, of around £3,000-5,000 until the patent on this concept has been approved, or until at least you, as an investor are happy to put the rest of the money in...
I am not listing an equity which I am willing to give away as I think it is wrong to value a business when it is still merely a 'concept'. However, I would like to generate some interest and see if anyone would be interested in becoming a shareholder in my company..
I am currently residing in the Newport area of South Wales, so a partner within this area would be ideal as i'm sure you would like to have some input within the business..
Thank you in advance ..
Ryan Timson
TSS Vehicle Security