Have you ever seen a ship sailing in the river? Of course, that is not its place, it must locate the vast occasions to scale it visions. So yes, a ship in a riverbank is non-functional. The question of ‘the right strategy still continues’. As we speak, I have a grant to follow up with. In short, the right word is grants as I continue in the hunt for more of such channels.
We need capital and there is no denying this. This is no more a time to settle for crumbs, we have built this business for years and it is time to test this flywheels on a bigger stage.
I have been able to set up a strategy but it needs enough capital to scale it. Talking of just strategy, we need to invest big into advertising. As we speak, we’ve been fortunate enough to bring in a contract worker who is willing to scale this vision with us.
Secondly, we have been able to secure a brand ambassador, although she is not that exposed in the world of advertising, it is an early hedge to leverage.
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At least from here, I can relax with the fact that anytime I forget to run ALL those social media ads, someone is right there pushing it.
We are still working on bringing in our page handler. One of my friends who builds site suggest we get a website that can represent the company. Not bad anyway, it could help us to do business at a vast market. Consider online selling of our collections and sampling which can attract lots of contracts to us. Adding to that, we can easily meet up with investors.
Words right? At least having this vision is a good starting point. We need pre-investors to fund both external marketing tactics and internal parts like bringing in more machines and contracting with more workers. It was something I have been thinking of, how much grants can we get as we speak? I am not being negative, I am trying to analyze as an entrepreneur.
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One of my challenges of loans in this country is high charged and adding to that, it is very short term. There are visions that takes time and this is just one of those. Getting those pressures of payback time instead of focusing on reinvesting will be a loss to us.
So I was thinking, how about we Split what we want so far into two. 50% will go for grants or angel investors while the remaining 50% will go for loans much better if it is a soft one. Does this help out? Consider us trying to beat that the loan percentage rate in the process. For instance, if we were looking for a loan that carried 30% charge, it will mean we have been able to offset 50% which equals 15% percent since we will be looking for half the money.
To conclude, let me add, we need money to spend on this three TOP sectors (Materials, machines and advertising). From here we will be able to source for man power and energy to keep business moving. We can't run from facts, you need money to make money.
This is an article covered by dani-EL; a broad niche writer. I write on faith, life facts and daily living, business and economics, small scale and daily businessing, cryptocurrency and technology. And yes, I do cover articles on financial education and investment updates. And note, if I happen to be a financial adviser to you, the TOP financial advice should be ‘DYOR’ (Do Your Own Research), I can't afford to break your heart.