I am formulation to begin the conform code as well as devise to be as vast as Bench or Ted bread maker in 10 years time.
Is it probable to get the vast volume of finace prior to we have proposed trading.
I have combined the minute commercial operation devise including:
-projected profits
-Start-up costs
-Expansion plans
-marketing strategy
Thanks
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You are not at all likely to get 250k from a bank at this particular time & it’s probably not worth asking until about Q2/2009.
You could obtain 250k equity from an angel investor perhaps, but you would have to have significant experience and contacts in the industry.
To be blunt, if you are a senior exec who has recently left a major brand and have a significant redundancy package that you would plow directly into the business, then it’s possible.
However, if you are a 20yr old student, who has built a business plan from a template you downloaded off the web and think that it ‘all looks good on paper’ then I suggest you start talking to your friends and family. Depending on who you are, you could raise £40-50k to plow into the business this way. Maybe then an equity investor might start to get interested.
Tip: you haven’t even considered the Exit Strategy which is vitally important if you are looking for someone to back you.
To me right now… sorry, I wouldn’t get involved with you.
the world is heading into a global recession that will probably last 2 yrs – I doubt you will get funding for a clothing business-you have to approach VC’s or angel investors – they usually don;t invest in that type of business