I am 18 years old. I have recently graduated from high school and I am looking to start a business. I have opened a credit card and have a job making pizzas, but i have this business I not only want to start but I feel like I need to start it. The business cost will be roughly 25,000 to get off the ground. I am wondering what would be the best method to obtain financing. Angel investors and Venture Capitalists seem to not be reliable and are hard to deal with, banks and credit unions look at income statements and collateral which as an 18 year old high school graduate and college student I am just starting to build credit and certainly have no collateral worth 25,000. And I am not sure how I would get in contact with private investors even though for my current condition that seems to be the most plausible solution.
As you can see I am having a hard time figuring out which decision would be the best one. Any CONSTRUCTIVE advice would be great.
As you can see I am having a hard time figuring out which decision would be the best one. Any CONSTRUCTIVE advice would be great.