Financial Sources to consider for start-up going forward
I am in full control of business
Limited funding, there is a risk related to my own personal security/finances if I am not organized with a clear functioning business plan.
For small enough upfront costs. Note for Curly66 Key Wraps given my leatherworking hobby in the past most if not all of the tools, equipment and some of the materials that would make up the cost of goods are already purchased.
Initial Etsy story set up
This would be a way for asking many people for help via small contributions
Examples: Buy me a coffee, GoFundMe, Kickstarter
Potential gain of supporters and early customers
As with personal investment I am in control of my business. Note: this would be different with ‘Lending CF’ or ‘Equity CF’
Could be used on Etsy with an ‘ask’ for support
With future YouTube and/or other social media that provides some entertainment, education, personal connection to the Curly66 brand and me as a maker/person.
Partnerships or Vendor relationship with Local Motorcycle dealerships (or other Makers shops)
A source of built in marketing, exposure
Potential funding if agreement to produce a dealership branded product for example
Potential different ways to sell
direct to dealership in ‘bulk’ and they set their own price
Dealership acts as a vendor and I may pay them to rent shelf space or as a % of sales.
Depending on relationship profit and decision making may be compromised
Likely not as would rather keep family as emotional support
Could perhaps consider “Love contributions” in other ways. ex) Son in Law school for basic legal advice, Partner who works in marketing for help in social media marketing direction/plan and content.
Would consider if this person had similar vision and enthusiasm for the business as well as the financial stability (not dissimilar to ‘Financial Angel’).
Treat very similar to Micro Loan/Bank Loan etc. with a clear detailed business plan that is created with some professional guidance.
Would require more research into potential sources and stipulations etc.
National Angel Capital Org.; Canadian International Angel Investors
Revenue Based Capital Financing
Would also require more research. The idea of repayment as a % of sales may be useful. May require establishment of the business and sales history ex) after Etsy store develops consistent sales.
