Wednesday I got fired from my job. It's a sign from the coffee gods. When my 401K gets mailed to me, as well as my stocks, and some debt money, I can add it to the 3k I've saved, and finally approach the lender who's been working with me since I got realistic about a year ago now.
I'll be going to my first partner's house later this week to turn all my messy looking spreadsheets into pretty looking graphs. I've got figures for absolutely everything imaginable, from the daily break even point to the number of cars that need to pass by to expect to make it, to itemized expenses down to the coffee bean.
I learned so much. It's a good thing I didn't get a loan from Putnam Saving's Bank a few years ago for 150,000. I'd have failed. It's a good thing Unsecured Solutions couldn't get me a loan. I'd have been underfunded - by 10-15,000 no less. I'd have failed. I've been getting facts and figures, studying my market. I've been working with consultants and talking with everybody.
When I get all my money pooled, I'm going to the New England Cooperative Fund - a nonprofit lending organization that specializes in funding democratically organized worker cooperatives like the one I'm forming. Since I'm asking for less than 20k, I get the short process. The head of the lending process has been looking over my progress since we met. She's one of three who will have to approve my loan. If what I think counts as collateral proves to count as collateral, I'll be golden. Most of my expenses I need the loan for are physical things that can be resold, and she said I could use that. I'll save the difference. I've accumulated 7,400 so far. Why not go more?
I'll keep you posted. Once I stopped racing, everything started moving. I don't want to jump the gun again, but it wouldn't surprise me to be open by September. This week, I'm buying new graphic design work. The stuff I had bought back when I was opening the Comfy Cozy Cafe won't work for the Steampunk Café LLC. My graphic designer is an entrepreneur from highschool. I'm so happy to be mutually supporting at least a couple of highschool startups - artists of various sorts, mostly.
Making limitless possibilities much more limited.