A while back on SBN I posted a thread on wanting to start my own business, and needed a lot of basic info. Well, since then my bro and I have developed a solid business plan, start-up expense list, and a powerful advertising campaign. We're all set to go talk to a bank, but there's where we're stuck now: we have absolutely no collateral or equity. Nothing as far as a down payment for the huge loan we're gonna need. (500k - 1mil) We've looked into Venture Capitalists, but they only want to invest in big-money software companies. My business won't make much, but it would fill a HUGE need in the music scene here. Our possible next step is contacting major industry companies in the area like Mackie and Guitar Center. We'll pimp their name and products for some financial backing.
I feel like such a fish out of water here.... (well, not here, but you get the point) Does anyone have any ideas on a next step? Something we might not have thought of yet?
I feel like such a fish out of water here.... (well, not here, but you get the point) Does anyone have any ideas on a next step? Something we might not have thought of yet?