Posted on Feb 26, 2016
Does anyone have any advice on raising capital for starting a small business?
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We are trying to raise capital to expand our product line and to reduce our costs. I started this company 4 months ago with $500 and we are growing very quickly, and can barely keep up with the demand. However, our margins are not where they need to be and in order to get them where we need them we need to purchase more units and do not have the capital to do so. Advice is very welcome!
Fitness
Bodybuilding
Weightlifting
Business
Entrepreneurship
Posted 9 y ago
Responses: 5
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So, there are the basics: friends and family. There is debt: bank loans. There is equity (be careful of course). I believe there are some small business loans that are available only to veterans but I'm really not very well versed in them. Not sure if this organization is too tech focused for your company but check them out:
https://www.linkedin.com/company/9303459?trk=vsrp_companies_res_name&trkInfo=VSRPsearchId%3A [login to see] [login to see] 3%2CVSRPtargetId%3A9303459%2CVSRPcmpt%3Aprimary
https://www.linkedin.com/company/9303459?trk=vsrp_companies_res_name&trkInfo=VSRPsearchId%3A [login to see] [login to see] 3%2CVSRPtargetId%3A9303459%2CVSRPcmpt%3Aprimary
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Somewhat related - look to stay relevant with your niche - Service Members and Veterans. Consider something similar to Hootsuite to stay relevant on news feeds, create blog posts, share Vet related information, flood the strength training/fitness/bodybuilding topic feeds on RP for info and relevance. If I get curious, I MAY try one of these. Otherwise, may I ask why you chose to start with those two supps and not creatine, beta-alanine BCAAs, etc ?
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PO2 Teall Haycock
Thank you so much! We have contacted them... all of them, multiple times. I believe once our sales get in to the tens of thousands of units they will take us a little more seriously. For now, we will stick with Amazon, Ebay and Micronamin.com to grind it out until we get the attention of the big guys!
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SGT Brian Richardson
Thanks SGT (Join to see) ... PO2 Teall Haycock if I can be of any help, feel free to reach out.
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