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| Shop Owner Advice Discuss various issues relating to running an auto shop with other shop owners/employees. |
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06-27-2005, 05:31 PM
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#1 | |
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AF Newbie
Join Date: Jun 2005
Location: olympia, Washington
Posts: 1
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Startup ??
How can I find the money to start my business? I have been trying to find investors (VC/Angels/Family/friends/etc) since January. I have my business plan done with all financial projections.
If anyone knows where I can find investors interested in the automotive industry please let me know where to look. Thanks J |
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06-28-2005, 06:56 AM
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#2 | |
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AF Regular
 
Join Date: Dec 2000
Location: Panama City, Florida
Posts: 458
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Re: Startup ??
Not to dampen you spirit but unless you have a history of business startup sucesses, you will probably have to use your own money like the rest of us did. Starting out is rough since you have to have several times the amount of cash available that you think you need. A lot of small business fail on startup because people don't have ready access to cash needed in the early days because your customers may require terms and you will be paying COD until you establish yourself. Nothing breeds sucess like using your own money and dealing with the risk of losing it and every piece of collateral that you had to put up to start it.
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