ForumsStarting a Business

Hi Heather:

The Site looks Great.

With Xmas in only 38 days, this would be a great time for sales. But it looks like you need a lot of time for orders. I would work until May or June, 2010. Save up some of the profits, for a shop.

Or better still start wholesaling your Truffles to shops, in your area. Also have a brochure display, beside them, so people can order for their weddings, parties etc., have a code number: Store 001A.

That way that store would get a small % of the sale, they got for you.

Also maybe try some Fundraising, with Clubs, etc.

Having the cost of the shop, insurance, power, ads, etc., etc., may not be the best way to go.

Also try some fairs, markets, etc.

Cal

Have you thought about trying to work something out with the landlord or the space you want. Given these tough times, many landlords are willing to negotiate more then you think.

You could try setting the lease where your payment would be based on your profits and not set each month - as you earn, the landlord earns - or, try a tier system where you start out low in rent and move up as your business gets more established.

Most landlords, especially if their peoperty has been vacant for a while will agreee to almost anything.

There are also other funding methods to get cash - like business cash advances or accounts receivable factoring or even purchase order financing.

If you own your equipment outright, many equipment lenders will buy your equipment for cash in your pocket then sale (on terms) or lease you the equipment back.

Being an entrepreneur is not easy but if you want to be successful, you have to get creative.

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