Quandary, Part time job to sustain Business operations and go Legit?
by SergeSmolentsev, Window Shopper
- Created: October 15, 2013, 1:02 am
I know what kind of business I need to do, I know how to do that particular business. But my capital is running dry. I'm trying to decide if a part time job or full time job to accumulate money is worth it if it gives me the money I need to continue business, I need a capital infusion to support a massive marketing campaign as this business relays heavily on marketing. Its a personal training studio. How ever the dilemma I'm having is I would rather spend the time working on business instead of working part time to get money for the business. I hate working for other employers, I always note the inefficiency, the incompetent management and the ineffectiveness of other business models. I cringe at the thought of working for other employers. Let me be quite frank, I do not want to work a part time job just so I can have money to fund a business. I want to spend all my time and effort to creating, managing and sculpting this business enterprise instead of wasting time working for some employer making little to no money. I need money to live, this is a fact, I need it to fund business operations. How can I get money/capital infusion for my business. I know I wouldn't need much perhaps a micro-loan of 10,000. It seems as if I have the answer to my question but what if I cannot get a micro-loan because I do not meet the 5 main requirements and im not a legitimate business yet? is there anyway to get some kind of funding for a business to help it get off the ground, like a capital infusion of some sort. I think I may qualify for a business loan but isn't there some kind of grant or something out there(yes I understand SBA does not offer grants) to help businesses that are having issue's sustain them self's because they have not built up enough momentum that are still in the start up phase? I visited a "worksource portland metro" facility in portland hoping to get some answers and was given a SET pamphlet(SELF EMPLOYMENT TRAINING), which allows businesses to get a sort of how do you say it? umm money for businesses that are experiencing loses its analogous to people who use EBT benefits but for business. its like a business filing for unemployment benefits/losses. SET also provides up to 1000 in start up capital for businesses. the problem is I'm not an official business, so I haven't been able to report any official losses. Anyway I want to know more about programs like SET that can provide start up capital, seed capital, capital infusion what ever you wanna call it. I absolutely see working for another employer as just a pure waste of time. If only I could get the funding I need I could get the ball rolling pretty fast. I don't need a lot maybe even a few k would do. I need a way to support my self but mostly the business simultaneously. I understand that maybe perhaps what I'm asking is unreasonable. and other proponents would say if you know how to do your business than do it and you shouldn't have much problems generating revenues and than subsequently applying them to the business, to these people I would say this, out of an 8 hour work day just to be able to support my self and my business functions I would have significant difficulties. I need time to go through the start up phase and working a full time job would eliminate that time. I have used about 400 dollars to purchase equipment with a credit card and was able to pay it off with the money I made off of clients that I found. Recently my clients have ran up dry and can no longer afford me. I have been using the credit card to support my self so any more spending and I may damage my existing credit. I want to become a legitimate business to get SET benefits and perhaps other programs but have insufficient funds. I want to continue business operations because I know that with a good marketing plan and solid execution I can get more clients again, insufficient funds.
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