looking for advice...

[The Creator]

hey everyone,

just wondering if anyone can help me out with a situation im in.. i have a product i want to start making because i think it will do very well.. i just dont have the funding for it... it costs $3000 plus to make it and i havent even thrown it outinto thr market yet..but i am very confident in it...

so if anyone has ideas on how to create any short cuts on funding beacuse im in kind of a pickle..

thanks..
i look forward to hearing from you

[ukevents]

You should create a business plan and send it to your bank manager or friends or family members. There is a site called Business Plan Software and Free Sample Business Plans which helps you to produce business plans. In the UK, there is also the Princes Trust which provides funding for young entrepreneurs who can not get funding from tradition avenues. There may be something similar in your country.

[jasaunders]

If you can't figure out a way to get $3000, then I'm sorry, your product will never be successful. You don't need a business plan to get a $3000 loan. Heck, you shouldn't even need a loan for $3000, this should come from your own savings, credit card, friends or family.

[HeyIdea]

Hey Creator,

Jasaunders makes a valid point. Out of curiosity.. how old are you?.. I know some entrepreneurs on here are very young.. early teens. $3,000 is a very low cost for a start up.. If you are very confident in your product.. put together your vision..

Put it in writing.. Put together all the variables.. and pitch it to your friends and family with passion.. Do whatever it takes to make others see it..

If you are older than a young teenager though.. you should truly be able to dig up $3,000. I'm not sure of your situation, but you will see in the long run that $3,000 is like chump change to many people.

Best of luck with everything!

[clp11479]

you could easily get someone to invest $3,000 if your idea is good, but they'd want to know what your idea is which you probably don't want to give out, so it is a cache 22.

[fated]

You need to invest in a blue print...Once you have that, its easier to convince investors to mass produce it.

[cyman]

I mentioned this before but if you really can't get credit from a bank there's no problem with getting loans from the parents/grandparents of friends you have, or relatives.

If you want to be honest about it, even give them a 8% return or something, although depending on risk you may ask for less.
And, I'd say ask for $5000-$10,000. Because if your resources are that limited then you will want to ask for more.
With personal investors, it's harder to ask for more later.