Page 0071

Page 70 MAY 2017 | RETAILERS FORUM MAGAZINE

forumworkshop

FORUM WORKSHOP

continued...

Suppliers may not lend you money outright,

but they can finance your orders to give you inventory

on a consignment basis. The same is

true with contractors and other service

providers. Instead of one lump payment, they

may be willing to structure a payment schedule

that works with your budget. You won't know

what kind of flexibility is available to you from

these "partners" until you ask.

CONSIDER RECRUITING

INVESTORS

They do exist, and once you have a business

plan on paper, you can make a pitch for investors. Advertise

or spread the word. Usually

they want equity, a share of the business and

profits based on their contribution to start-up

funding. For providing 10% of that cost, an in- vestor may expect a payback plus 10% of profits.

Think of this as selling shares in the business.

Such an arrangement has legal

implications that require the involvement of an

attorney. LOOK FOR ANGELS

Yet another alternative for

financing exists outside the

halls of finance: "angels.:

Successes of their own making, or

natural-born philanthropists,

these rare and

elusive individuals want to help people like

you. Driven by a deep sense of altruism, or the

desire to repay the community that nurtured

their dreams, they make seed money available

to entrepreneurs. �

ATTENTION RETAILERS

SHORT + LONG TERM

BUSINESS LOANS

For:

Working Capital, Purchases, Equipment, Business Line of Credit

4.5%

www.retailersbank.com

From MANY PROGRAMS

AVAILABLE

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