Question
can you provide anywhere from $25,000 to $2 million (which includes buying a building and starting a coffee/wine shop in addition to hosting Pro Financial Fitness, which assists NC non profits. I just paid $3,500 to another grant writer to find grant funds for my start up business. Including that $3,500, I have spent between $20,000 and $25,000 out of my own money (really my wife's money since I hardly have earned much money in the past 4 years). My wife doesn't know that I've spent that much money. If she did, she would either kill me or divorce me. So please help!!! I need help desperately.
Answer
At this point, you have to step back and re-evaluate your plan. The possibility for you to raise money this kind of money for what is a non-scalable, hyper-local business are close to zero.
I suggest you focus on making money so that you are not dependent on your wife's income and then:
1) Create a business plan for your concept. That will show you if your idea is viable from a financial perspective. Do the research yourself and do not get fooled by your passion for your idea. Be totally rational when doing the numbers , not optimistic.
2) If the numbers make sense, then start trying to raise funds by approaching people in your network.
3) Do not spend anymore money for work that you could and must do yourself.
For more details:
https://z-niche.com/2020/02/21/how-to-evaluate-an-idea-for-a-start-up/
