I’ll try to keep this short. Sacirificed everything to build a business and now at a a point where we have one month runway left where I won’t have any more money left (drained everything, running on debt). Now opportunities are coming through, but contract processes for these clients and receiving some upfront pay will take longer than the month I have.

To think just when doors have opened, I may not be able to go on for a little longer to reap the rewards is devastating.

Anyone been in this situation…what did you do? Anyone have any advice?

  • captain-doom@alien.topBEnglish
    1·
    10 months ago

    Ouch. That’s a tough position to already be in debt with a life line of money that you might be able to get if only you could extend your debt another month or two. Could be recipe for real disaster.

    Is this consulting/services or product build and sales?

  • IntelligentDetail762@alien.topBEnglish
    1·
    10 months ago

    Google SCORE and SBA local chapters, go to free local chamber mixers to meet possible short term investors, and don’t give up. Especially when your 3 feet from gold. Been there and lost because I let hurdlers be bigger than they were. Google Grant’s for business. Verizon is currently offering up to 10,000 grant’s for small businesses. US Bank has been doing grant’s in Inland Empire and Los Angeles counties. I don’t know about other counties. Check to see if your county or state has small business grants. Los Angeles county has a whole department dedicated to help small businesses get grants. Take a chance, put an ad online seeking short term investors. Know how much you need, add 20% to cover unforeseen events and what you will pay back. If you get an investor, be more frugal than you would be to have cash for the pay back if you don’t need to spend it. Remember to always pay back investors because they will trust you when the business needs to grow to the next level. Avoid day lenders, the interest will eat more money leaving very little for what you need. Continue seeking. Remember this, “True of heart, honest intention, Dreams come true, Fate delivers.” By Gregory Santana