Yarbro mobile welding and fabrication

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Reference no: EM133889760

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1. Yarbro Mobile Welding and Fabrication

Bartering is a great option as this could allow me to do work for the matierals or tools that I will need for my business, so I would not have depend on racking up debt.

Bootstrapping would be the next best option, I would work a regular job to fund the necessities to successfully start up my business. I think with this type of business it is crucial to start up slowly and not get ahead of yourself.

Competetions could help fund my business. There are welding competitions held across the world that I could particaipate in.

The other options are not a fit for me because this business is not something that I could take pre orders for nor is it something that I could take charitable doantions for.

2. My business is called Scissor Happy Salon and is a beauty shop offering hair design services and facials. One possible funding source for my salon is personal savings. Opening my salon is a dream I have had for a long time, and I am already putting funds aside to open my business within 10 years. A second possible source of funding is friends and family. My friends and family are very supportive of me and my business venture, and would happy to help in any way they can with starting up this venture. A third possible souce of funding is an angel investor. With an angel investor, I do not have to pay back the loan and have debt hanging over my head. Instead, I would give up a small amount of ownership in my company in order to get it off the ground.

Reference no: EM133889760

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