ways to find money for a company that has been started but stuggling? - HotUKDeals
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ways to find money for a company that has been started but stuggling?

sarahjane1988 Avatar
6y, 5m agoPosted 6 years, 5 months ago
can anyone help me????????

i know someone has has a buisness that i think is not doing great. what ways could you find money ect????
not sure if the buisness started properly think it was started in march

rep will be left

thank you
sarahjane1988 Avatar
6y, 5m agoPosted 6 years, 5 months ago
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#1
Check the back of sofa's?

Very vague would need to know sort of company it is
#2
a few more details ??
#3
If the business is "not doing great",Its gonna be tough to find investment.

They should examine the reasons why they arent doing well methinks. Investors dont throw money at sinking ships.
#4
Marty1981
Check the back of sofa's?

Very vague would need to know sort of company it is


its a shipping freight company
#5
Surely if the business is struggling then a cash injection of any kind is going just be a temporary measure. Is it not better to just let things go as they are and if it folds, it folds - any money you find or put in will be lost.:thumbsup:
#6
When I started my business we got two grants - one from Business Gateway, and one from the local authority. Check and see if they have got everything they are entitled to - if they are having troubles - then advise them to contact the Business Gateway. They are fantastic with FREE advice and will guide them with what they should do.

On the other hand if this is a bad business venture - then no good throwing good money after bad
#7
bossyboots
When I started my business we got two grants - one from Business Gateway, and one from the local authority. Check and see if they have got everything they are entitled to - if they are having troubles - then advise them to contact the Business Gateway. They are fantastic with FREE advice and will guide them with what they should do.

On the other hand if this is a bad business venture - then no good throwing good money after bad


i dont know if it has properly got going, the buisness. as far as i know was only started up march time
#8
bossyboots
When I started my business we got two grants - one from Business Gateway, and one from the local authority. Check and see if they have got everything they are entitled to - if they are having troubles - then advise them to contact the Business Gateway. They are fantastic with FREE advice and will guide them with what they should do.

On the other hand if this is a bad business venture - then no good throwing good money after bad


your local authority gives grants to massage parlours??:whistling:
#9
Loans, remortgage assets, govt grants, sell shares, Dragons Den?
#10
barky
your local authority gives grants to massage parlours??:whistling:


:w00t:


Well as I have your attention - must properly thank you for being one of our best customers. All the girls love Barky and his massive tips :whistling:
#11
sarahjane1988
i dont know if it has properly got going, the buisness. as far as i know was only started up march time


A new business can take months to start making money - if u think it only started in March, 3 months ago - well its still very early days.
#12
Mighty Anorak
Loans, remortgage assets, govt grants, sell shares, Dragons Den?


i thought of dragons den, could work couldnt it lol :)

thanks
#13
sarahjane1988
its a shipping freight company

If problem is cash in from invoices could try something like Bibby

But freight is a fairly competitive area i am afraid

work for a container frieght related company and know prices have been slashed by many in the last year

unfortunately if the company is failing winding it up would be one of the few options or looking at someone buying it out but if the company is failing then would be dificult

Also most companys in established sectors will most likely lose money early on with setup and operations until they build a reputation and client base
#14
bossyboots
A new business can take months to start making money - if u think it only started in March, 3 months ago - well its still very early days.


i wouldnt even bother replying anymore, ive told the person a few of the ideas on here and the person is just kind of either not taking them on board not really appreciating them so i give up.
#15
actually how would you ask someone to invest as i have one person in mind that i can think of to ask but i dont have a lcue what to write
banned#16
well if he isnt interested then maybe it isnt struggling like you think
#17
sassie
well if he isnt interested then maybe it isnt struggling like you think


or maybe the person is taking it on board but not showing it
#18
sarahjane1988
i wouldnt even bother replying anymore, ive told the person a few of the ideas on here and the person is just kind of either not taking them on board not really appreciating them so i give up.


sarahjane1988
actually how would you ask someone to invest as i have one person in mind that i can think of to ask but i dont have a lcue what to write


Now your contradicting yourself.

Also, what sort of a person would you be to get someone involved in a business that - according to you - is failing and is in desparate need of cash. I would back off and let him or her sort it out themselves
banned#19
sarahjane1988
or maybe the person is taking it on board but not showing it


ide stick to trying the bag them :thumbsup:
#20
sassie
ide stick to trying the bag them :thumbsup:


erm ...................... no comment lol
#21
sassie
ide stick to trying the bag them :thumbsup:


Lol...yep...this is the same guy I bet that you wanted to text and asked us for shipping related chat up lines I think!! :whistling:
#22
fern37
Lol...yep...this is the same guy I bet that you wanted to text and asked us for shipping related chat up lines I think!! :whistling:


hey yeah it is but thats noy why i wanna ask family im just thinking things noone got any better ideas
#23
sarahjane1988
hey yeah it is but thats noy why i wanna ask family im just thinking things noone got any better ideas


I think you would need to put together a business plan to say how the money would be used to help the business, what changes are going to be made to stop it losing any more money and how and when you intend to pay the money back.
#24
Its not gonna be easy for anyone here to give advise without more details.

Maybe they can start with their accountant? I was gonna joke and say maybe try the bank for a loan lol

Do what I do, work 7 days a week (Naaa dont)

The pressure and stresses in these kinda situations can be terrible, so no joking, if this is someone you care about then tell them not to worry, I think its safe to say that they are not alone.

I know many a person that goes bust regularly and then open up again under a new name, and off they go again, and best of all they don't have a care in the world

I also know many a man that started in a Fiat Ducato then made their way to a Ferrari F430, and are now back in the Ducato :)
#25
I'd say its still early days yet and not many new start businesses land on their feet running, especially in a field like freight, which I'll assume need time too establish contacts/contacts and gain trust. It seems you are more concerned than he is, maybe that's why he's nonchalant about it? If there is a genuine problem about cashflow, which could be a genuine problem for a new business, then suggest to him to write a good business plan and present it to the bank for loan just to tide him over. Asking the authorities if they have any start up grants or free business help as suggested by Bossyboots is also a good one. Overall, id say don't be overly concerned as it is still in its infancy and I know you mean well but don't be too eager to help, as your friend might not appreciate hearing someone tell him his business is doing rubbish when its only started 4 months ago!

Well, good luck to your friend, Britain needs more people like him willing to take a risk and start up on his own. As for you, keep up the good work in supporting him but only if he asks you or airs his concern to you!

Edited: Not Boothy, Bossyboots!
#26
bossyboots
:w00t:


Well as I have your attention - must properly thank you for being one of our best customers. All the girls love Barky and his massive tips :whistling:


love his massive what :? oh my mistake i mis-read it :p
#27
A friend of ours started a year ago or so, a frieght shipping company and he's doing really well with a sizeable turnover last year. He's working every day of the week for long hours and his wife (works full time elsewhere) is also quite involved. So there's hard work and dedication, but don't know any other tips. He used to work in the same field, so may have developed quite a few contacts and skills. :)

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