Business start up

[Shahidull]

Hello can anyone suggest any resources to apply for early stage business grants?

 

[Mark T Jones]

Hello can anyone suggest any resources to apply for early stage business grants?

Grants are very much specific to purpose/area

What are you seeking funding for?

 

[Shahidull]

Grants are very much specific to purpose/area

What are you seeking funding for?

Sustainable skincare and hair products with Bioscience technologies

 

[japancool]

Sustainable skincare and hair products with Bioscience technologies

Developing them yourself, or importing?

 

[Shahidull]

Developing them myself then working with chosen supplier to produce quantities in hundreds of thousands.

 

[BusterBloodvessel]

I can see this one being fun....

 

[Shopclicks]

Developing them myself then working with chosen supplier to produce quantities in hundreds of thousands.

What stage in this process are you up to? Or did you have an idea and you need the money to get started?

 

[Shahidull]

What stage in this process are you up to? Or did you have an idea and you need the money to get started?

Found a supplier to make the products and developed a skincare formula. Raising money is the next step...can you help anyway possible?

 

[Shopclicks]

Raising money is the next step

No. The next step would be to have the product tested and certified safe, then develop a business plan to present to prospective funders.

 

[Shahidull]

No. The next step would be to have the product tested and certified safe, then develop a business plan to present to prospective funders.

Received a supplier quote to have the product tested and certified safe. Wanting to raise capital for product testing and producing the formula.

 

[Shopclicks]

You don't think you need a business plan?

 

[Shahidull]

You don't think you need a business plan?

I have a business plan and creating a pitch deck.

 

[Mark T Jones]

I have a business plan and creating a pitch deck.

You are unlikely to qualify for any grants as I can't see a 'social payback'

Investors - will very much depend on the quality of your plan (that is a plan showing coherent market research and how you are the person to lead and grow the business)

There are lots of investment threads on here - do a search

 

[fisicx]

Millions of pounds are spent every year developing and marketing skincare products. Most of those millions is allocated to marketing. This is where you are going to struggle. Investors will want to know all about your marketing plan. The product is mostly irrelevant.

 

[Shahidull]

You are unlikely to qualify for any grants as I can't see a 'social payback'

Investors - will very much depend on the quality of your plan (that is a plan showing coherent market research and how you are the person to lead and grow the business)

There are lots of investment threads on here - do a search

Social payback - public health aversion such as minimising skin conditions, such as psoriasis, eczema, and other systemic conditions like cardiovascular disease or diabetes. By effectively managing these skin conditions through proper skincare, it reduces the risk of developing associated systemic health issues. Also sourcing sustainable natural ingredients and packaging that is environmental friendly. Do you have any advice in finding suitable grants?

 

[fisicx]

I have diabetes and psoriasis. There are hundreds of existing products for these conductions. Some work for me some don’t. There is no single products that works for everybody. None of the herbal or natural skincare products were any use at all. Any claim you make as the benefits of your products needs to be medically verified.

 

[JEREMY HAWKE]

If nobody else is going to post the link or just remind others reading
I will do it
@Mark T Jones

You won't get investment because...

Aimed at all those posters who come here looking for investment. Investment is a serious business; investors are busy people. Very busy indeed. They also place great value on their time. They are literally inundated with random propositions (I'm not an investor, and even I get my fair share) -...

www.ukbusinessforums.co.uk

 

[JamaC]

---

Probably better if you provided all the necessary information in your first post. Which could have avoided the back and forth with forum members seeking basic answers.

Your experience with investors will not be the same. They will not ask you questions that shouldn't need to be asked.

Before you continue seeking investment, its probably best you do some serious research regarding what investors are looking for and best practices on how to present your offer.

You could have the most amazing product in the world but the investor doesn't know you or your product. Spend time on your preparation and approach

 

[MOIC]

Received a supplier quote to have the product tested and certified safe. Wanting to raise capital for product testing and producing the formula.

So not tested yet and not certified.

What’s the country of origin and what certificates will you be adhering to, as well as registration requirements.

Generally speaking skincare is a no no for a start up without a big group behind you to substantiate product claims.

Get your product tested, certified, registered, conform to all selling and importing requirements, product liability insurance and IP your product.

If you overcome ALL the hurdles above, find a company to licence it to.

Wish you luck.

Lots and lots of luck.

 

[Paul Kelly ICHYB]

I have only advised about 20 people post covid wanting to start or develop a skincare business and in all but 2 or 3 grant support was not available.

The 2 or 3 that did were supported via non business specific grants as they fell into a 'minority' or other supported group.

As mentioned:
Start with a business plan
Know your costs
Branding is important
Know your USP/s
Prepare to spend £000's on marketing, if you want to make an impact.

BTW, of the 20 that I have advised, almost all of them have stopped or no further forward. 2 of the people that got support have given up.

 

[Shahidull]

So not tested yet and not certified.

What’s the country of origin and what certificates will you be adhering to, as well as registration requirements.

Generally speaking skincare is a no no for a start up without a big group behind you to substantiate product claims.

Get your product tested, certified, registered, conform to all selling and importing requirements, product liability insurance and IP your product.

If you overcome ALL the hurdles above, find a company to licence it to.

Wish you luck.

Lots and lots of luck.

Hi can you expand bit more about needing a big group behind you to substaintiate products claims? Also I don't see the room to find a company to licence it to why do you see it that way thank you for your on going support.

 

[Shahidull]

I have only advised about 20 people post covid wanting to start or develop a skincare business and in all but 2 or 3 grant support was not available.

The 2 or 3 that did were supported via non business specific grants as they fell into a 'minority' or other supported group.

As mentioned:
Start with a business plan
Know your costs
Branding is important
Know your USP/s
Prepare to spend £000's on marketing, if you want to make an impact.

BTW, of the 20 that I have advised, almost all of them have stopped or no further forward. 2 of the people that got support have given up.

Hi Paul how are you? is it really hard to set up a business post covid? I have completed all that you have mentioned where can I go from here? thank you for your ongoing support.

 

[MOIC]

Hi can you expand bit more about needing a big group behind you to substaintiate products claims?

In a word…..validation.

Also I don't see the room to find a company to licence it to why do you see it that way

The costs involved.

If you don’t have the room, you’ve got your pricing wrong.

Just my opinion based on supplying beauty and skincare to international brands.

 

[Shahidull]

In a word…..validation.



The costs involved.

If you don’t have the room, you’ve got your pricing wrong.

Just my opinion based on supplying beauty and skincare to international brands.

Hi MOIC

Where can I find a big group any suggestions?

Do you have any governent website links to licence these products especially to international brands? thank you for your support