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3 Replies Last post: May 31, 2008 12:42 PM by Adducent

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Angel / Partner Wanted - Backlog of Orders, Inventory Needed

May 31, 2008 5:46 AM

Start-up

zzniflod 1 posts since
May 31, 2008

I need an investor or a business partner. Here are the facts....

We are in our 7th year of operation.

I have $60K in current purchase orders from large companies.

To date, my revenues are up over last year (71K vs 112K).
I have made over 700K in revs over the last 4 years and continue to reinvest.
I keep running out of inventory.
I have not marketed this year at all.

The bank see's my inflows and outflows from my account and still will not help because I am leveraged. It is amazing how hard it is to find money.

People love our products. My problem is I have not had the cash to have future orders...ordered. I have inventory, and then run out for 3 months. I must break this cycle.

We have operated on shoestring marketing budgets.

It is clear the best inventors do not make the best business managers, or marketers, or operations managers.

I need an angel.

Please help.

Tags: purchase_order_financing, business_credit, alternate_financing_options, financing_customers, growth Report as inappropriate

SCORE

LUCKIEST 7,926 posts since
Aug 6, 2007

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1. Re: Angel / Partner Wanted - Backlog of Orders, Inventory Needed May 31, 2008 7:59 AM

Backlog of Orders, Inventory Needed, Welcome to this web site

*Very interesting product, * Often referred to as Giant Tinker Toys, Toobeez is a life-sized
construction building system.

Have you thought about a factor?? or factoring your receivables??
Do you have an Accountant?? Prior year tax returns??
Do you know about SCORE?? SCORE is FREE and can help with great advice (no money)

A partner or investor will want to see a Business and Marketing Plan.

Good luck, LUCKIEST

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Mogul

DomainDiva 1,731 posts since
Oct 10, 2007

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2. Re: Angel / Partner Wanted - Backlog of Orders, Inventory Needed May 31, 2008 10:02 AM

This may sound really crazy but your idea seems to get kids interested in engineering and architecture...why not get in touch with some of these firms and see if they would help with investments in return for some sort of plug on the packaging or in the packaging?

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Mogul

Adducent 338 posts since
May 22, 2008

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3. Re: Angel / Partner Wanted - Backlog of Orders, Inventory Needed May 31, 2008 12:42 PM

Hi,

Do you have a business plan or at least an Executive Summary on your business? Please email me at DMLowery@AdducentInc.com and let me know; I may have some alternatives or be able to assist you. Feel free to check out my profile in this community or visit my web site www.AdducentInc.com for more information about me.

Dennis Lowery
Adducent, Inc.

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