[nABEntre] Seeking capital for a business venture

[Angela Fowler]

Hello all,
This is a timely conversation. As some of you may know I have been selling homemade beef jerky for quite some time, and would like to sell it commercially. I am stuck in the horse latitudes at the moment because I have not been able to raise the start-up costs. I will probably have to take out a loan as investors understandably tend to shy away from start-ups. I have a business plan, but probably need to update it as it was finished a year ago. Does anyone know, other than my bank and the Small Business Association, what credit sources are out there?
Thank you,
Angela Fowler
And I would be completely remiss if I didn't say: "If you want homemade jerky, reach out!" lol

-----Original Message-----
From: NABEntre <nabentre-bounces at nfbnet.org> On Behalf Of Kevin Pirnie via NABEntre
Sent: Thursday, August 6, 2020 7:20 AM
To: NAB Entrepreneurs Mailing List <nabentre at nfbnet.org>
Cc: Kevin Pirnie <kpirnie77 at gmail.com>
Subject: Re: [nABEntre] Seeking capital for a business venture

There is plenty of public and private lending available for start up businesses regardless of whether you’re blind or not. You will definitely at the very least want to have a good business plan in place first. Is it a product or service-based business? What is your proof of concept? Who is your market how large is your market and who is your competition? And maybe most importantly do you have current sales and customers right now? If not why not? What can you do to begin getting customers in sales right now before funding? Is your business model scalable, and if so how will you scale it? You will also need to have all your numbers together that are realistic. What is the cost to acquire a customer? What is the cost to you per sale? What is the cost for customer service? Can you make repeat sales or up sales from an initial sale? If so how much and what kind? What is the lifetime customer value to your business? What are you basing those numbers on?

These numbers are actually quite easy to come up with once you think through your business and begin making sales. If you have additional questions feel free to reach out to me.

Kevin

> On Aug 6, 2020, at 8:00 AM, Albert Rizzi via NABEntre <nabentre at nfbnet.org> wrote:
> 
> Reach out to your local commission for the blind. you may also connect with the small business administration. Would help if you also had a business plan at the ready. Good luck..
> 
> 
> -----Original Message-----
> From: NABEntre <nabentre-bounces at nfbnet.org> On Behalf Of Zeeshan Khan via NABEntre
> Sent: Wednesday, August 5, 2020 5:39 PM
> To: NFBnet NAB Entrepreneurs Mailing List <NABEntre at nfbnet.org>
> Cc: Zeeshan Khan <zeek786 at gmail.com>
> Subject: [nABEntre] Seeking capital for a business venture
> 
> Hello everyone!
> Hope all of you are safe and doing well. I have not posted on here in many years and excited to do so now.
> 
> Does anyone know if NFB or another organization offers funding to help startup companies get off the ground? I am familiar with the SBA's offerings in this aspect, but wondering if anyone else may know of other sources of funding for blind entrepreneurs / business owners.
> 
> Any and all thoughts are welcome.
> 
> Cheers!
> 
> Zee
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