Forums: Discussions for entrepreneurs and small business.

Hello- I am new to this site and I hope that it proves to be helpful, which I think it will after reading thru most of the site.

I am a new business owner-I opened a children`s enrichment classes business. Mommy & Me classes and when the child is three and older the class is a "drop off" class and the mom has to remain in the building. While she waits we offer her things to do-she can take a class of her own, she can get a manicure,she can have lunch at the cafe and if she has a little one with her she can use the 2500 sq. ft indoor playground.

I am opened about 2 months and expenses have been a little more than what I was expecting. Not many places will give loans or lines of credit to new businesses. Any one have any suggestions on where to go for funding or know where I might find someone who would like to invest?
Thanks
Jill

Jill, sounds like a cool business. what city do you live in? what amout of funding do you project that you need? did you listen to the recent radio show i did where i talked about the 8 overlooked secrets to startup success? one of the key points was that it usually takes twice as long and twice as much money as you originally thought to get to cash flow positive. is this what you`re experiencing?

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Rich Sloan , Co-Founder, Chief Startupologist, StartupNation

Hey Rich!

Thanks- I live in Randolph, New Jersey. I didn`t listen to your show as I said I am new to this site and just was browsing and thought I would try and get some good advice.

Yes that is what I am experiencing. Got any ideas?

Thanks-
Jill

please share info on that other question: what amout of funding do you project that you need? maybe i can help then...

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Rich Sloan , Co-Founder, Chief Startupologist, StartupNation

Jill,

There are many different ways to bring capital into a business - depending upon the specific situation.

First of all, how much capital do you need?

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Hey Rich-

I am looking for $50,000-$100,000. Let me know what ideas you have.
Thanks!
Jill

Jill,

How will the amount of funding you acquire effect your actions and projected results?

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Robertj-

Jill,

After considering the combinations of methods, sources and approaches - we identified some 50 ways to bring capital into a business. The optimum solution is dependent upon the specific situation.

Send me a PM if you want to discuss yours.

Robertj

 

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com