3.
Re: Got grants, anyone? Dec 19, 2007 1:30 PM
in response to:
DomainDiva
Many, many thanks for your help. My worry was that we think differently and that here, in the US, we're like ducks out of the water (did I get this right?) However, a good and sound business plan should be able to stand on its own, right? Initially, we're thinking of having a joint venture with another company, maybe become its subsidiary so that we can market to its existing clients. However, this may limit us as far as decision-making is concerned. We estimate a sale of more than 1 M in its first year of operation.
We do need a lot of cash because we need to rent a building (est. $20,000/mo) and the machineries cost a lot too. We'll have to steal, beg or borrow, so to speak, when we start, get some used and very much depreciated machineries and make them work. This is one of our strengths actually and we're all very passionate about this because we also believe in recycling and saving the environment.
Your experience in this gives me more confidence in accelerating our time-table.
I also plan to support the sales effort by having a web presence. I have a group of brilliant engineers back home whom I will tap for a forum, such as this, for those in the business, willing to work for pennies on the dollar (because of the exchange rate) and have a consulting side ultimately as a back-end product. The possibilities are endless.......
By the way, I'm a professional real estate investor, kinda far from this manufacturing thingy.
I have been waiting all night/morning for somebody to reply to my query and I was just about to lose hope, believing that the only way was to get a loan. So, from the bottom of my heart, I do thank you.
