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Anyone have any ideas on how to raise money for a business?

by Matthew Moyer
9 replies
I've put together a plan to start a greenhouse to sell herbs
like basil or sage.

I've found a source that will most likely be able to buy
probably everything I can grow.

The problem is I don't have anywhere near the money
to purchase and pay for all the things needed.

I don't think a loan is possible as I've tried the past year
and a half just getting a small loan and have been
turned down each time.

The amount I need to raise is about $26k, preferred would
be about $38k.

Does anyone have any ideas on how to raise money to start
a business like this?
#business #ideas #money #raise
  • Profile picture of the author UcheO
    You need to create a business plan with a financial statement done by someone other than yourself. There are professionals who will assess how feasible your business idea is.

    Then you must create a presentation for it. The better the presentation and business plan, the more likely you will be able to obtain a loan or gain investors.
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    • Profile picture of the author Devin T
      Originally Posted by UcheO View Post

      You need to create a business plan with a financial statement done by someone other than yourself. There are professionals who will assess how feasible your business idea is.

      Then you must create a presentation for it. The better the presentation and business plan, the more likely you will be able to obtain a loan or gain investors.
      And then you need to pitch this idea to interested investors to try and get a venture going.
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      • Profile picture of the author JohnMcCabe
        While the amounts you need may seem large when you don't have them, for an investor they're pretty small potatoes.

        If you're in the USA, you could try for a microloan from the Small Business Administration, or check with them for potential investors.

        Other sources of funding are the "three Fs": Family, Friends and Fools. (Heard that one on Dragon's Den and nearly choked... Seriously, though, friends and family can be a potential source of investment. )

        If you can get a commitment from your potential customer, it will help your case with whoever you decide to approach...
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  • Profile picture of the author Kate Carpenter
    I'm sending you a PM
    Kate
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  • Profile picture of the author Dave777
    And talk with these guys. Have no idea why their link shows all those question marks! Guess you have to call them and ask lots of questions...
    ???????????????????????????

    Dave
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    • Profile picture of the author Matthew Moyer
      Thanks for the replies and pms.

      It looks like I'm just going to have to make the
      money myself doing something else to fund it.
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    • Profile picture of the author Mark Maffei
      Yes, Score is definitely an excellent source - both in helping you establish a plan, as well as to get the capital you seek.

      Originally Posted by Dave777 View Post

      And talk with these guys. Have no idea why their link shows all those question marks! Guess you have to call them and ask lots of questions...
      ???????????????????????????

      Dave
      Signature



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  • Profile picture of the author ItsMoneytime
    Maybe you should grow the plants using hydroponics. The investment will be alot cheaper than interest rates on loans. See how the plants turn out after they grow, if you like what you see, start to get other people's opinion. Such as friends and/or family. If that goes well then present that to the store in that fields. In your case probably franks or FTD. But everything starts with a plan. Its going to be hard but, the harder you realize it's going to be, the easier your journey will become. Good Luck!
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  • Profile picture of the author bobsstuff
    Is that for a professionally built greenhouse? Can you cut those expense building your own?
    Can you cut them even more using recycled materials?. We have a charity here that recycles and sells building materials.

    Do you need glass panels? Can you start with rolls of sheet plastic? Our local raspberry farmers make quonsent hut shaped tunnels over their berries, covered in plastic, open at the ends and edges.

    I have a plan for shutting down a business if I cannot raise the funds to do it. Sell ALL of my vehicles and use the money to accomplish my goal. Buy an old beater to drive around in. What assets do you have? Real Estate?

    I took a $40,000 loan against my house once to open a business. Too bad it failed. I was better at what I did than I was a running a business.
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