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    2 Replies Latest reply on Feb 2, 2010 12:37 PM by GearHead

    Need help getting off the ground.

    GearHead Newbie


      Need help getting off the ground.

      Well... here goes


      I have a idea/plan for my buisness, and need some help working out the details. A little background, I have a small on-line buisness selling some automotive engine related equipment, and I want to expand. Currently my buisness is slow, but the direction I want to expand into is hot. I want to start supplying Aftermarket hi performance engine parts. I am not making them, I will be a dealer for several top name brand components. These parts will be offered to the auto enthusiast crowd. I plan on limiting it to only one Auto Manufacture Brand, i.e.. GM, Ford, Nissan, etc.. it will be the brand that I am most versed in, and that way I will be able to offer the most customer service related to that Brand. I am currently running as a sole prop, but I am looking to either form a LLC or a corporation to limit my exposure, and provide a more professional image, as well as other benefits, I am leaning towards a Corp rather then the LLC. Once I have a sustained cash flow I will be looking to expand and start offering complete and semi complete custom engine builds. I do have experience in this, and there is no real shortage of customers. One other company that is doing this has over 30 orders lined up, and more then an 8 week wait time, with no sign of slowing! I am an active member of several automotive Forums, and I will be advertising on those, as well as Google Adwords.


      My questions, I have a few :)


      How can I get more funding to purchase inventory? My financial are thin at best, but I believe I have a sound idea.


      Are there Angel investors that deal with this type of "Startup" I am not really a startup, but will be heading in a new direction.


      What other directions can I look for capital?