Is the business scalable and is there a potential to trade internationally?Hi.
I work full time for a company. They pay my salary etc.
In my spare time I've started a new venture with a friend. We still work our normal jobs and probably will unless the this venture takes off.
We've registered with Cro but not with revenue yet. We are not earning profit yet. Just some losses related to starting up.
We've a full website which is working and taking customers.
We've a payment processor and facebook page with over 1300 followers.
We have made some sales but still not any profits just yet.
We are wondering if there's any funding out there for something like this. We don't want to give up our jobs just yet.. But have a feeling there is no funding unless we are full time doing this new venture.
Is our own personal funding the only way to get capital for this? I'm guessing it is. But wanted to ask.
Thanks.
Thanks for all the replies.,
It can scale. Would stay in Ireland.
We could start a new site in the UK. our current site is a .ie so we'd need something different for the UK.
I will consider asking friends and family to invest money.
Would I need to offer a % in return ? .. like 10% + whatever you invested in 1 year/18 months or something like that ? Is 10% too low ?
thanks.
Right now it's just a loan. Just for marketing really- We want to target a bigger audience, but we are limited.
We've put a lot in already .. and I feel if we had €5,000 to spend on marketing over the next 3-4 months we'd be in a great position.
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