I am currently 16 years old and I know most of you will already underestimate me because of my age but, I've been around family business' all my life. First with a Cell Phone retail store, then with a Barber Shop, and so on.
Anyways, I'm planning on starting my own business once I'm out of High School. I've been planning on opening a Cyber Cafe for about 2 years now.
So my question is: How can I get funding for it?
I've estimated 15,678$ on getting EVERYTHING I will need for the opening. (Buying the computers, games, projectors, systems, cables, building materials, etc.) and about 4000$ a month. I've already made a system on how much money I would need to make to keep the business going.
I don't have 15grand though... and I don't know how to qualify for a loan or anything. I don't have things to put as colateral for the loan except a car but I don't think it's worth 15k. I still have a very long time before actually opening it though so I need to start looking into funding.
I am COMPLETELY serious about opening this place up and running it. I plan on getting a business degree after high school to be better at managing but I want to start learning EVERYTHING now when I'm young.
Any advice would be very helpful.
If you're a business owner,
What were some obstacles you encountered upon The Grand Opening?
How did you get funding to open?
How much money do you pay per month to keep it running?
Did you create mergers or agreements with competition? Or did you try to make your business better to run them out?
Well, anything you can tell me will be appreciated. Thanks!
Anyways, I'm planning on starting my own business once I'm out of High School. I've been planning on opening a Cyber Cafe for about 2 years now.
So my question is: How can I get funding for it?
I've estimated 15,678$ on getting EVERYTHING I will need for the opening. (Buying the computers, games, projectors, systems, cables, building materials, etc.) and about 4000$ a month. I've already made a system on how much money I would need to make to keep the business going.
I don't have 15grand though... and I don't know how to qualify for a loan or anything. I don't have things to put as colateral for the loan except a car but I don't think it's worth 15k. I still have a very long time before actually opening it though so I need to start looking into funding.
I am COMPLETELY serious about opening this place up and running it. I plan on getting a business degree after high school to be better at managing but I want to start learning EVERYTHING now when I'm young.
Any advice would be very helpful.
If you're a business owner,
What were some obstacles you encountered upon The Grand Opening?
How did you get funding to open?
How much money do you pay per month to keep it running?
Did you create mergers or agreements with competition? Or did you try to make your business better to run them out?
Well, anything you can tell me will be appreciated. Thanks!
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