Go Back   The Finance Forums > Finance forums > Business Finance



Business Finance Discussions about business finance, such as accounts and accounting, business loans, taxes, and related business issues.

Reply
 
Thread Tools
  #1  
Old 01-11-2010, 08:26 PM
HICustoms HICustoms is offline
Junior Member
 
Join Date: Jan 2010
Location: Kapolei, HI
Posts: 3
Default Funding Start-Up

Hey Everyone,

I'm very unsure on where to go for help and advice and if I am posting in the wrong area... sorry. This is my first post here on the forums and could use some overall general help about funding my start-up cost.

I'm a newly high school graduate, I'm in the middle of writing my business plan in which I want to build gaming computers and sell them locally. Honestly, I have no idea how I am going to fund my start-cost which is $2000.

Here is somethings I have tried the last two weeks:

1. Asked friends and.... strangers
(no family... was kicked out when I was in my sophomore year in high school. No contact since... good. Plus I come from... not a very high-income family)

2. I'm unemployed at the moment, I was working at McDonalds... but that wasn't even enough to supplement personal things like the phone bill, rent, food, toiletries, and sustainability. Especially if your only getting paid MINIMUM wage.

3. I can't find any loan programs that requires decent credit(I have none), a job(which I was stable for 3 years until now), or a repayment plan.

4. I've even looked for credit cards, angel investors, grants, and etc.

Honestly, $2000 seems so little now-a-days and yet it is still hard to get. I've strategically planned a way to have profits fly in the first month... the first three weeks infact, but that is just to firmly-sound the foundation of the business.

I don't know if this is the right place to ask, and I am sorry if its not but if it IS! than... I would greatly appreciate the help. I just need someone to point the way for me.

Any Advice?

Thanks,
Luka

P.S: I did a sales test for a gaming unit at $1000 which I can build for $500 each, had 10 offers in 12 hours!
Reply With Quote

Old Sponsors
  #2  
Old 01-12-2010, 05:12 AM
brian brian is offline
Senior Member
 
Join Date: Jun 2006
Posts: 806
Default Re: Funding Start-Up

I'm not sure why you need the $2000, as you should be able to start building these on a unit by unit basis. Start small and build up, using your business profits to expand as required.
Reply With Quote

  #3  
Old 01-12-2010, 11:14 PM
HICustoms HICustoms is offline
Junior Member
 
Join Date: Jan 2010
Location: Kapolei, HI
Posts: 3
Default Re: Funding Start-Up

...I think........... the entire point of the entire message here was,

"Honestly, I have no idea how I am going to fund my start-cost which is $2000."

Can you point the direction what I should look into or etc. any advice?
Reply With Quote

  #4  
Old 04-28-2010, 08:11 PM
michael.smith michael.smith is offline
Junior Member
 
Join Date: Apr 2010
Location: Canada
Posts: 13
Default Re: Funding Start-Up

You can turn to a day loan, although it is dangerous, and I would do it just in cases that there is no other option.
Reply With Quote

  #5  
Old 08-30-2010, 04:35 PM
Smart Payment Plan Smart Payment Plan is offline
Junior Member
 
Join Date: Aug 2010
Location: santa monica, CA
Posts: 6
Default Re: Funding Start-Up

I agree with the poster above. No funding should be necessary, just start building the product and start selling it to make money to expand. Good luck!
Reply With Quote

  #6  
Old 11-04-2010, 03:07 AM
The Dynamic Biz The Dynamic Biz is offline
Junior Member
 
Join Date: Nov 2010
Location: Gujarat/INDIA
Posts: 3
Default Re: Funding Start-Up

Well, if it is product based, you need to have some good relations and to start having some products with you on credit and then to sell otherwise to start a business of stock broking job or something. That way, you can invest in side by having some information. Anyways, it is really long time your question was asked, may I know, what is the current status of yours?
Reply With Quote

  #7  
Old 11-04-2010, 03:16 PM
cjscully cjscully is offline
Member
 
Join Date: Oct 2010
Location: California USA
Posts: 90
Default Re: Funding Start-Up

Quote:
Originally Posted by Smart Payment Plan View Post
I agree with the poster above. No funding should be necessary, just start building the product and start selling it to make money to expand. Good luck!
Sounds great until you realize that the OP was a recent high-school grad with no income and no credit. How's he going to afford the parts to start building his first rig?

I'd suggest checking out Lending Club for this kind of thing.
Reply With Quote

  #8  
Old 01-03-2013, 08:19 AM
allianceonellc allianceonellc is offline
Junior Member
 
Join Date: Nov 2012
Posts: 20
Default Re: Funding Start-Up

Quote:
Originally Posted by Smart Payment Plan View Post
I agree with the poster above. No funding should be necessary, just start building the product and start selling it to make money to expand. Good luck!
This is the best way to fund up your business yourself. However, if you are still facing problems arranging finance, I would recommend you to search online for funding companies online.
________________
Invoice Factoring Companies
Reply With Quote

  #9  
Old 01-20-2013, 10:25 AM
LimeyDave's Avatar
LimeyDave LimeyDave is offline
Junior Member
 
Join Date: Jan 2013
Location: London
Posts: 4
Default Re: Funding Start-Up

Why the need to borrow?
Reply With Quote

  #10  
Old 01-31-2013, 07:59 PM
fsna.hartley fsna.hartley is offline
Member
 
Join Date: Jan 2013
Posts: 57
Default Re: Funding Start-Up

Good thread even if the post was already years ago. I agree to what others are saying. If you don't have the much needed capital, always start your business small and whatever you earn you can use it again to build another. Just don't get your everyday budget from your profit or else everything will be ruined (I know someone who does this). Keep this as a sideline job and still work until your business grows.
Reply With Quote

  #11  
Old 06-20-2019, 09:50 AM
SunnyMay SunnyMay is online now
Senior Member
 
Join Date: Sep 2016
Posts: 211
Default Re: Funding Start-Up

It's such a risky investment I'd say. I mean, I'd prefer to just play gambling games. Here I also can win a lot or lose everything. But casino games are fun at least and risky investments are only stressful. So if you want to get some money easily, continue reading a related article on the website I linked to.
Reply With Quote

Old Sponsors
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



» Boards




All times are GMT -4. The time now is 11:32 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.