Funding Start-Up

HICustoms · #1 (**permalink**) 01-11-2010, 09:26 PM

Hey Everyone,

I'm very unsure on where to go for help and advice and if I am posting in the wrong area... sorry. This is my first post here on the forums and could use some overall general help about funding my start-up cost.

I'm a newly high school graduate, I'm in the middle of writing my business plan in which I want to build gaming computers and sell them locally. Honestly, I have no idea how I am going to fund my start-cost which is $2000.

Here is somethings I have tried the last two weeks:

1. Asked friends and.... strangers
(no family... was kicked out when I was in my sophomore year in high school. No contact since... good. Plus I come from... not a very high-income family)

2. I'm unemployed at the moment, I was working at McDonalds... but that wasn't even enough to supplement personal things like the phone bill, rent, food, toiletries, and sustainability. Especially if your only getting paid MINIMUM wage.

3. I can't find any loan programs that requires decent credit(I have none), a job(which I was stable for 3 years until now), or a repayment plan.

4. I've even looked for credit cards, angel investors, grants, and etc.

Honestly, $2000 seems so little now-a-days and yet it is still hard to get. I've strategically planned a way to have profits fly in the first month... the first three weeks infact, but that is just to firmly-sound the foundation of the business.

I don't know if this is the right place to ask, and I am sorry if its not but if it IS! than... I would greatly appreciate the help. I just need someone to point the way for me.

Any Advice?

Thanks,
Luka

P.S: I did a sales test for a gaming unit at $1000 which I can build for $500 each, had 10 offers in 12 hours!

brian · #2 (**permalink**) 01-12-2010, 06:12 AM

I'm not sure why you need the $2000, as you should be able to start building these on a unit by unit basis. Start small and build up, using your business profits to expand as required.

HICustoms · #3 (**permalink**) 01-13-2010, 12:14 AM

...I think........... the entire point of the entire message here was,

"Honestly, I have no idea how I am going to fund my start-cost which is $2000."

Can you point the direction what I should look into or etc. any advice?

michael.smith · #4 (**permalink**) 04-28-2010, 09:11 PM

You can turn to a day loan, although it is dangerous, and I would do it just in cases that there is no other option.

Smart Payment Plan · #5 (**permalink**) 08-30-2010, 05:35 PM

I agree with the poster above. No funding should be necessary, just start building the product and start selling it to make money to expand. Good luck!

The Dynamic Biz · #6 (**permalink**) 11-04-2010, 04:07 AM

Well, if it is product based, you need to have some good relations and to start having some products with you on credit and then to sell otherwise to start a business of stock broking job or something. That way, you can invest in side by having some information. Anyways, it is really long time your question was asked, may I know, what is the current status of yours?

cjscully · #7 (**permalink**) 11-04-2010, 04:16 PM

Quote:

Originally Posted by Smart Payment Plan

I agree with the poster above. No funding should be necessary, just start building the product and start selling it to make money to expand. Good luck!

Sounds great until you realize that the OP was a recent high-school grad with no income and no credit. How's he going to afford the parts to start building his first rig?

I'd suggest checking out Lending Club for this kind of thing.

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