Bergamotbarbie, your writing is sublet, clever, insightful and you never add unnecessary words. Your analysis is always dead-on and we can tell you wield your intelligence like a sharp dagger.
First natural pink chocolate (‘Ruby Chocolate’), no flavoring or color added; developed by the Franco-Belgian cocoa giant Barry Callebaut, in collaboration with Jacobs University. The Ruby variety is a special type of cocoa bean, grown in Ivory Coast, Ecuador, and Brazil.
for my business babe, you could always fundraise from your family and friends. $100,000 shouldn’t be hard if you know 100 who could give you $1,000 or 1,000 who could give you $100. if your business is an excellent idea, it’ll sell itself
BB, thinking of how to fund my dream biz is doing my head in! Boot-strapping doesn’t seem particularly feasible, what’s your opinion?
hi babe,
congratulations on your venture!!
we have three options
1. venture capital (or angel investment / Y Combinator)
2. bank loans (or direct lending)
3. bootstrap by saving money (delays our start date)
i do not like number one because you’ll be giving up equity and i believe you should be in 100% control and have full ownership of anything you create
if it were two to three years ago when rates were low, number two wouldn’t be a bad idea — especially if you’re confident you can turn a profit within the next 12 months
number three can be supplemented by business grants (emphasis on grants) or doing a pre launch model. remember that businesses don’t create demand, they fulfill it; with a pre launch model, what you’re doing is creating the demand that your product will fulfill. to hedge your risks, you’ll do pre orders so you have cash reserves to fund your production. however, this is not revenue, just working capital. you’ll only have revenue once your costumers have received their orders and you’ll only make a profit if you keep your costs at a level that allows for the profit margin you want. do this for two years, maybe three or four. then go to a bank as a business with four years of profit and ask for a business loan and scale accordingly.
im unsure what you’re selling but if it’s a product, I’d go with number three and the plan I wrote out above. if it’s an intellectual product, venture might make more sense since guidance would be highly advantageous and the compounding effect of having an expert on your side can make success come sooner. also, a good intellectual property lawyer is expensive. the caveat is you’re giving up equity which could come back to bite you later on.
whenever i see those photo sets on here of very attractive woman playing chess or wearing glasses or engaging in activities deemed as « smart » but the focus of the photos is not on the activity itself but the woman, i think of that poem by Margaret Atwood
