First post in the forum and my name is Ben. I live in the great state of North Carolina. I am in high school and currently is a rising senior and 16...
I ran a small scale silk screen business. I do quite bit of custom orders and whatnot. I have been trying to get a website started for sometime now and I have contracted about 16 designers and I got several dozens of pretty good t-shirt designs. I started back in March it took me 3 month to raise all the money that I needed for my business, it was about $7,500. I personally never imagined a good t-shirt press +supplies can cost so much.
I would say the business is doing okay. I got a lot of willing friends who help out once in a while but they are all my age, so not exactly loaded with cash. I have a few long term contracts working though and I hope to do better in the future.
Now I want to go further. I am making money but not at a rate that I am happy with. I want to have an actual storefront and an e-commerce site. I been developing a different concept of selling shirts. I been doing a lot thinking and reading lately and I realizd there are a horde of different t-shirt websites out and to survive, you need to be unique. I met with a few local investors over the past few weeks but their responses are lukewarm. I been carefully researching and fine-tuning my business plan for the last few weeks and I personally think that it will be successful. But then again, I am always optimistic.
I would like to have about $20,000 and I got about $2,500 so far from an investor. I think I can really make something happen here. Now my question is where, where do I find the rest of the money? I cannt really do banks since I am under 18 and only had my checking account for a few months.I already got some money from my parents for my original investment and my family isn`t exactly the pinncale of wealth. SBA is a no-no, I called my local SBA-sponsored bank and the lady thought I was playing a bad prank. I do summer jobs in a futile effort to get that amount but the money I am making right now is nowhere near the capital I need. I also tried sites like prosper.com and the first thing it asks is my monthly income and credit rating...
So yeah any suggestions would be awesome.