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Thanks kenny.
Well first question is: are there any possible people interested in starting this company up with me, someone with a business minded brain who could help take this forward.
Hi I'm worried about the shipping costs but mainly how to get the product through without delays and stuff. I would rather not divulge the products information at the present time that's just due to my business not up and running yet
Nick I see your point, this is what worries me that's why I decided to come on to the forum and get some advice if it is out there. I have just applied for a business start up loan plus I've got some money myself, so I'm going to just take the plunge and order my products
Oh I see your point, well all I can do is start the business up and see where it takes me hopefully by the time other companies see the potential of my products and the target audience I will already be well established. That's why I feel funding is a must for my business to succeed otherwise...
In reference to Nick.
Competitors will only be able to match my price however I will have first run on the market.
And as for the orders I have 2 clients that want the product as soon as I have it in the UK both clients want in excess of 1000 units. I will making £200 on each unit. I have more...
I'm in the process of getting samples delivered and if correct I will be placing an order but this is only one product. I'm finding it hard work sourcing my other products but hard work pays off I suppose but thanks for your comments. Hopefully when I'm established I could maybe bring in a...
My projections for year 3 are £750.000 net profit but I don't want to divulge to much infromation on here. I was merely looking for a bit of advice and guidance. As I have stated before I have already gained potential clients and my projections are based solely from working with my Liverpool...
You see that's the point if I had the product and the sales then I wouldn't need an investment.
Maybe I should just start small and see where it takes me.
Thanks for the advice though I really appreciate it.
I'm offering my total commitment to the business and the chance to earn huge profit margins.
I currently have £10,000 of my own money which I've saved up over the years but my business would need £40,000 to start with. I currently do not know where to go and who to speak to.
I have a business plan set out but I only have a small amount of capital myself.
I'm worried about approaching an investor as I don't have much experience such situations.
As far as security goes how much security could one guarantee on a new business
Thanks for your advice. My main concern is funding I have loads of potential orders but the cost of getting my shipment to the uk is going to be a lot more than I have. My order needs to be large enough to sustain my business plan for the first three months
I have been researching the market for 12 months I've contacted manufactures, clients, however, there is only one hurled pegging me back from starting. I have loads of potential orders that will be continuos for years.
Now here's the hard part, I just can't seem to get funding for my business...