ForumsStarting a Business

Funding Start-Up Cost, Welcome

Who are you?? Where are you?? What kind of business??
How soon do you plan on starting your own retail store??

Do you have a Business and Marketing Plan??
How much funds do you need and for how long??

Do you know about SCORE??
Good luck, LUCKIEST

It is very challenging to raise money in today's environment, especially if you have limited business experience. If you are unable to raise funds from family/friends or an angel investor, I would suggest that you talk to the your local economic development director. They may be able to provide some assistance, but they usually are not too willingly to fund soft costs (ie. organizational costs) or working capital requirements. They are more interested in funding tangible costs like construction/leasehold improvements for your retail store. They will ask for your business plan and marketing plan. In addition to yourself, its important that your business plan shows employees being added to your business. They will like to see the owner paid as an employee. In considering funding, economic development agencies like to calculate the amount of payroll taxes and other local taxes that the business will be paying to justify their funding to you.

Good luck!