ForumsFinancing Tips

Welcome to the community, Krystal.

Your comments "I have a great business plan" and "not really sure I can trust the idea" don't go together. If it's a great business plan, you KNOW the business will make a profit. Honestly, your current situation may not allow you to get funding from a "traditional" lender, but a great business plan can help you attract potential investors or partners -- by showing them the profit potential on paper.

At this point, it sounds like you have a great vision, but perhaps not a great plan that clearly shows how your vision will generate revenue (and how much profit it will make) -- so I'd suggest working on that aspect of the plan.

If you're confident that you really do have a great plan already, I'm sure several of us in this community would be happy to give it a quick review and comment.

Either way, I hope someone here can help you move forward. Best wishes.

Hi Krystal, it seems like you have too much jumbled up in what you want to do. I see an interior design business, pottery painting, I-want-to-be-another-starbucks, art galley, furniture store etc. etc. etc.

Your credit score is in the 600's because you probably don't have a large amount of available credit to show that say you were only using 5-9 % of your available credit every month.

If it were me, I would make hubby a partner. My hubby and I are partners on a land development project, complete with contracts, Corporation, Line of credit and all of the other ingredients in the enchilada. You will also have a built in cheerleading section. Also, you ARE doing this yourself. He is funding you like anyone else would...YOU have to do the work...right? YOU have to make it a success.

You don't have to drag his 'company' into the equation..he can do this as an individual. If he needs to get money from the company the accountant can tell him what to do and how to do it and where it will go on the 1040.

The good news is that I was actually in a place like this in Berlin, Maryland. It was wonderful. There was a small cafe, that served sandwiches and tea room things and a small stage where the local talent entertained every Saturday night. One of my special purchases was a rolling pin made of walnut inlaid with turquoise. Its just a long piece of woood narrowed at the ends and finished out smoothly and the turquoise filling in any imperfections. Yes it was hugely expensive but you get the drift....it was made by a local artist. My husband uses it to make pastry and says it is the best rolling pin he has ever used. It will be the only kitchen gadget that will be an heirloom.

The only thing in your plan that seems out of place is the pottery painting...too messy....too distracting. Loose that and you have a sure fire winner. Also look for space in the old downtown area or up and coming urban re-development. If you want I can detail some of the other things that this store carried.