As some of you may know, I am trying to get my own little security business up and running. I have been trying to do this for a while now and getting frustrated, ok a VERY frustrted.
I have a strong business plan, a cash flow that is intentially longer than 12 months to reflect my marketing strategies as well as a higher than normal interest rate. Basically, I made it as "Worst Case Scenario" as I could, including having to take a large hit the month of renewal on my insurance policies (auto and $1 million (for starters) Gen Liab.). (A major transmission failure on the patrol vehicle requiring temporary vehicle replacement, repairs etc. Had this all priced out and went with the higest bidders just to push the envelope) My cash flow stands strong and survived.
I was in communication with a local represntative of a national company that was capitol investment firm (for lack of better term). I attended a lecture she gave at a local SBA sponsored class, and was told that they make investments into all businesses from gas stations to strip clubs. Her and I seemed to be on the same page at the end of the lecture, as she knew what I wanted to do and gave me some confidence that she and her company could make this happen. I emailed her all my info, she promised to get back to me. I emailled her back a few days later to let her know that I had my first customer on my waiting list. My thinking was this would should promise on my part for the desire and ability to make this happen. She emailed me back and actually had no clue who I was, she mentioned business that her and I have never done like financiing some property then wished me well. I was like WTF!?!? I emailed her several times and finally got it through her head what I was trying to do, and she wrote back said, "Oh we don't do that... Sorry."
I have been in contact with my local SBA point of contact or whatever they call it, and they have since gone out of business. Rather funny since their business was helping others stay in business with consultations-guess they shoulda listened to themselves.
Anyhow, I got frustrated with the constant denial, and emailed my local SBA District Manager, who in turn gave me updated SBA contact info that will be followed through ASAP.
I guess my little rant is to those that have been successful in starting up and getting their dream off the ground, how did you do this?
LOL, I actually had a banker ask me if I had access to an "Angel Investor" I politely told her that if I did, we wouldn't be talking together on the phone would we?
ARRGGHH!!!
So now I continue to work for others and watch oppurtunities to make money come and go . I bring these to the attention of the owner and he doesn't seem interested in pursuing them as he is happy with the minimal accounts that he has. I guess that is one benefit from being V E R Y wealthy, with several properties in several states, as well as three other businesses. I mean we just finnished a temp acct where OT was rampant and no one cared one bit. It drove me nuts because I knew someone had to pay for it most likely the owner, but he never batted an eye. Eventhough our (temp) hourly rate for us $12 (not the billed rate) and we were working 12/hr shifts left and right with two on per shift 24/7.
So, again, to those that have done it; How did you get your dream off the ground?
I have a strong business plan, a cash flow that is intentially longer than 12 months to reflect my marketing strategies as well as a higher than normal interest rate. Basically, I made it as "Worst Case Scenario" as I could, including having to take a large hit the month of renewal on my insurance policies (auto and $1 million (for starters) Gen Liab.). (A major transmission failure on the patrol vehicle requiring temporary vehicle replacement, repairs etc. Had this all priced out and went with the higest bidders just to push the envelope) My cash flow stands strong and survived.
I was in communication with a local represntative of a national company that was capitol investment firm (for lack of better term). I attended a lecture she gave at a local SBA sponsored class, and was told that they make investments into all businesses from gas stations to strip clubs. Her and I seemed to be on the same page at the end of the lecture, as she knew what I wanted to do and gave me some confidence that she and her company could make this happen. I emailed her all my info, she promised to get back to me. I emailled her back a few days later to let her know that I had my first customer on my waiting list. My thinking was this would should promise on my part for the desire and ability to make this happen. She emailed me back and actually had no clue who I was, she mentioned business that her and I have never done like financiing some property then wished me well. I was like WTF!?!? I emailed her several times and finally got it through her head what I was trying to do, and she wrote back said, "Oh we don't do that... Sorry."
I have been in contact with my local SBA point of contact or whatever they call it, and they have since gone out of business. Rather funny since their business was helping others stay in business with consultations-guess they shoulda listened to themselves.
Anyhow, I got frustrated with the constant denial, and emailed my local SBA District Manager, who in turn gave me updated SBA contact info that will be followed through ASAP.
I guess my little rant is to those that have been successful in starting up and getting their dream off the ground, how did you do this?
LOL, I actually had a banker ask me if I had access to an "Angel Investor" I politely told her that if I did, we wouldn't be talking together on the phone would we?
ARRGGHH!!!
So now I continue to work for others and watch oppurtunities to make money come and go . I bring these to the attention of the owner and he doesn't seem interested in pursuing them as he is happy with the minimal accounts that he has. I guess that is one benefit from being V E R Y wealthy, with several properties in several states, as well as three other businesses. I mean we just finnished a temp acct where OT was rampant and no one cared one bit. It drove me nuts because I knew someone had to pay for it most likely the owner, but he never batted an eye. Eventhough our (temp) hourly rate for us $12 (not the billed rate) and we were working 12/hr shifts left and right with two on per shift 24/7.
So, again, to those that have done it; How did you get your dream off the ground?
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