▌How does someone with very little monthly income
▌secure the initial capital needed to start his own company?
▌This someone cannot do the following;
>get a bank loan
>rally investors
▌Moving forward the the possibility of having secured
▌the initial capital how does one do the following;
>create enough revenue to maintain the company operational
>said person does not care about profits only enough revenue to keep the company operational
>avoid debt
I'm perplexed
>how to create enough revenue to maintain the company operational
By receiving money in exchange for performing a service.
The more service you perform the more money you recieve.
but what if this company has very low momentum and keeps everything proprietary?
The product is created physically to be sold digitally, so workshop creations stay in-house.
>initial capital
You could always go public
>create enough revenue to maintain the company operational
What is the point of a company that doesn't profit?
Are you some communist trying to seem smart? If a company provides a valuable service to society then it will make enough to sustain itself. if it profits you can use those for whatever stupid thing you want.
to add to this the storefront is a website and the product is mostly promotional.
services are provided over subscription.
This private company would forego leisure for the sake of expansion.
have a firm handshake
quads of ruin fuck you assgot
I got a bank loan of 50k with some friends and my credit was ass. You just have to go for it, get together all the required paperwork, make a business plan and be tenacious about it. Wine and dine some guarantors, believe in your product or service and don't take no for an answer.
is 50k really enough if you're going to be working with fabric design and photography? I'm going to be the main designer but I'm going to need a conceptual artist, seamstress, and a photographer as the bare minimum. I can do all these things but I can't do them alone or nothing will ever get done. Also the cost of materials we'll need require moderate sums.
If you cannot get a loan or rally investors, there is literally no other way to get starting capital. I truly do not give a shit what your reasoning is for these two initial stipulations, but until you can get past these, you are dead in the water and have no chance whatsoever.
I don't post often but I can't believe how many people ask this same retarded question; no, no one is going to give you money to potentially fuck up and lose without a promise to pay them back. Why on earth would they?
fuck it might as well just start a porn company
Sure, but unless you have the equipment you will still need probably around $2000 just to do the first shoot. And that's without setting up any independent web presence at all.
shit cash and easy
Go ahead, I'm probably going to do this too in a few years. Best of luck
but ill never feel fulfilled and my legacy will be nothing
Then take out a bank loan or rally some investors and follow your dream.
is 500k possible with business credit for a corporation?
Why on earth do you think you need that much? You're hiring what, four people?
so I can use it to sustain the business while revenue build eventually the deficit will go negative and can start paying back the loan with the loan money itself
>You're hiring what, four people?
I'm not going to be hiring dumbasses I want skilled workers and those go for 40k+ a pop/year
in my country 7/10 businesses bankrupt every 5 years.
im perplexed too. how can people run a business these days when big chains are selling pretty much anything
big chains dont sell what i got
Why would you let interest acrue on a loan that you don't intend to use the full amount of? That is completely retarded.
Either start in your garage or learn to biz/nessplan. If a bank or investors like your plan they will fund u based on it not your income.
Also vc fundraising but u will be a cuck to your own company. U theoretically could go vc till the day your contract is up and tell them suck a fuck and start over
You have such a lack of basic understanding of how business works that these questions are actually confusing.
To start and grow a business you funding. This can be from:
Personal Savings
Loans
Investors
From revenue generated by the business (bootstrapping)
A business creates revenue through the sales of goods and/or services.
I've started company so I can accumulate the money for the second company I originally wanted to start.
It's a work in progress.
Stop wasting your money and save everything. Every dollar must be well-behaved and under your control. Save every scrap of penny you can, do this for many years. Warren Buffett got his seed money from working a paper route and working at JC Penny. Forget about what other people think about you living in a van, let go of your ego and make some fucking money!