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Pet funeral services looking for investors....PLEASE..

 
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mortymike

posts: 2

Aug 31, 2008 11:44 AM ET    Quote  Report Abuse
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Hi All,
I am a very motivated person. I`m also a Funeral director/embalmer. I serve grieving families all day exccpet for one special family member..thier Pets.Now this may sound odd but, Truth be told funeral directors are not the rich guys. The ones with the money are the one with their names on the sign out front. This has been eating me up inside and as a pet owner i want my pet to be treated respectfully upon her death, not set out like garbage,that is why myself an 2 other funeral professional with the same feelings have been researching, doing a maket check, finding locations/buildings that will allow a crematory, and securing a turnkey cremation company that will lease ALL the equipment we would need to start our services, basiclly we`ve been doing our homework and are ready to hit the ground running.We have found that the area we are in is populated and untapped in the pet death arena. but, our funding is nill.As for myself, My wife of 15 years has MS and alot of my current and previous funds are to secure her health care. Could someone PLEASE put us on a funding track to make our dream real? We are projecting that the average pet cremation service around the US does about 600-1000+ cremations a yr, not including urns,casket and other items. We can gross 72+K our first yr. We are only looking for a small amout well under 50K. We would like to offer investors a portion or % of our Profits, is this a good way to go?If anyone can help us in any way, or have questionsPLEASE do.
WITH GREAT THNX,
Mike
robertj

posts: 1458

Aug 31, 2008 12:50 PM ET    Quote  Report Abuse
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Mike,

Revenue or profit sharing can be a viable way to treat situations (like yours) where the capital amounts are fairly small. Generally the key is to balance the perceived risk with the projected reward -both the total ROI and how long it will take to get it.

There may be other options - depending upon your specific situation.

 



-------------------------

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


mortymike

posts: 2

Aug 31, 2008 6:20 PM ET    Quote  Report Abuse
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THNX Robertj,
what do you think is an average return % and over how many years? we are leaning twards a % each quarter. Do you know what would work better? let me know if you can...
THNX,
Mike 
robertj

posts: 1458

Sep 01, 2008 11:29 AM ET    Quote  Report Abuse
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Mike,

As I said previously, RISK (as perceived by the capital source) is the major influence on their expected return. One important factor in perceived risk is time. The longer one has to wait before one realizes their return - the greater the risk -both actual and perceived.  When we structure deals of this sort, we usually "build in" some flexibility so that the return "adjusts" with time. Generally, this gives the capital provider a sense of "balance" between risk and return.  

Send me a PM if you`d like to discuss your specific situation and scenario.



-------------------------

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


FastVentures

posts: 306

Sep 02, 2008 12:28 PM ET    Quote  Report Abuse
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Pet related businesses are huge in the United States. Who would have thought that in light of the fact that more than 50 million Americans are without health insurance, health insurance for pets would help create a thriving industry?

I think you got an interesting business idea. So, if you got a business plan, project outline, or summary, please feel free to send me a PM as I would like to review it.



Mark



-------------------------


Jackson Steiner
http://www.JacksonSteiner.com

Advanced Document Design for entrepreneurs, intermediaries, and the financial services industry.
http://www.Publications.FastVentures.com
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