I fell in love with ceramics while I was stationed in Holland for 6 years. When I retired from the Army in December 2007, that dream has been keeping me up some nights. My only problem is that I am scared to even take the first step towards that dream. Getting incorporated is easy. I can do that online without going through a 3rd party. Getting funding is the tricky part. Like most big dreamers, my personal credit is a big problem, and with a large family like mine, I can't afford to just let things go. So, for me, incorporating is the only way to go. I started out selling on Ebay, but I spent more than I sold, so there wasn't much profit in it. Because I still live near a major military installation, it is possibly to procure a site on the base. That would alleviate a lot of problems like utilities. The only drawback is the amount of profit they require in return for using one of their facilities. The good part is military wives love ceramics and will provide a large customer base to pull from, and the security offered by the post will be immeasurable. The post also allows civilians to enter the post, and military identification will not be required as long as I charge sales tax. Because I am so nervous about even taking the first step in incorporating, I have yet to develop a business plan. The best part of my store will be the fact that it will be a self-pour facility, meaning that people will be able to create their own ceramic creations to their own standards. There is only one more ceramics store in my city, and it only allows you to paint. There will be a very big difference in repeat business, and it's just plan more fun. I also have a website set up, and I plan to convert it to be used to support my business online.
What I am looking for is a $50K business line of credit which I am willing to dump all my personal income into each month in order to get and keep my dream store open. I like the open endedness of a line of credit because I would never have to acquire additional funding from another source. I have already researched all the required equipment, and my dream of opening a ceramics store is solid but I will not be able to find conventional funding if they check my personal credit. That and the fact there I have no collateral and my business will have to be a fully-funded credit startup are making my dream diminish exponentially day-by-day.
Can you help me get started with at least some good information that won't cost me a fortunate?
What I am looking for is a $50K business line of credit which I am willing to dump all my personal income into each month in order to get and keep my dream store open. I like the open endedness of a line of credit because I would never have to acquire additional funding from another source. I have already researched all the required equipment, and my dream of opening a ceramics store is solid but I will not be able to find conventional funding if they check my personal credit. That and the fact there I have no collateral and my business will have to be a fully-funded credit startup are making my dream diminish exponentially day-by-day.
Can you help me get started with at least some good information that won't cost me a fortunate?
