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Acquiring Capital

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Arun Siva

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how to acquire some capital without credit and without help from family (since there isnt much in the latter) any ideas or suggestions? How to leverage OPM for ventures? What is a lucrative strategy or proposition?
 

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RHL

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MJ DeMarco

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Can I move this outside?
 
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Arun Siva

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Arun Siva

Arun Siva

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How much is "some?"

$150,000 or less: Hustling.
$150,001 or more: Microbusiness or leveraging skill set (web design, etc.).
Yes. 150K-500K
 

G-Man

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Under 1m you're looking at angels. PE and family office usually aren't going to look at a deal that small. A lot of these angel groups have a surprisingly user friendly application processes.

Here you go - an angel group in SC Pitching Process

LMGTFY
 

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Moved outside, as for the question...

Do something that will make you worthy of capital. Build something. Demonstrate something. Show sales. A patent. A big order. SOMETHING.

You cannot get capital with no track record, no experience, and just an idea.

You have to show something first that make investors say, "Wow, I want to be a part of this!"

If that's not something you've built, then it has to be YOU. Are YOU worthy of an investor to say, "Wow, I want to be on his team!"
 
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Arun Siva

Arun Siva

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Moved outside, as for the question...

Do something that will make you worthy of capital. Build something. Demonstrate something. Show sales. A patent. A big order. SOMETHING.

You cannot get capital with no track record, no experience, and just an idea.

You have to show something first that make investors say, "Wow, I want to be a part of this!"

If that's not something you've built, then it has to be YOU. Are YOU worthy of an investor to say, "Wow, I want to be on his team!"

sound advice
 

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Arun Siva

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Why do you think that you need so much money?
The amount is for acquiring an established gas station/c-store with room to put a sandwich deli/breakfast deli in it as well. The customers around my area in SC are tired of the cookie cutter gas station (QT, SPinx) c-store with bland food and bland service...
 

jon.a

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The amount is for acquiring an established gas station/c-store with room to put a sandwich deli/breakfast deli in it as well. The customers around my area in SC are tired of the cookie cutter gas station (QT, SPinx) c-store with bland food and bland service...
For the down payment and some operating cash?

Edit: I read more closely. For the down payment and the re-model?
 
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Arun Siva

Arun Siva

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For the down payment and some operating cash?

Edit: I read more closely. For the down payment and the re-model?

yes or to acquire it whole and have some left over for the improvement aspect of it. gas stations and c-stores up north and out west are insanely priced. however in south and south east reasonably priced albeit they are not off the major interstates... (obviously that is THE long term goal. that is, right off interstate exit gas stations and marts)
 

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I'm not 100% sure... but you can have upto 5 people on a mortgage. If you're buying real estate then you might be able to get a mortgage to buy the commercial premise with 5 of your friends/family members and you each take 20% ownership in the business or something. I dunno.

Find a partner. Find someone that already owns a business that is nearing retirement or something and make them an offer they can't deny like someone said above.

All the best.
 

Elif

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Might I suggest a job. Crazy, I know.

Or do whatever you did to acquire the money for this membership.
 

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