Guys i dont have Working Capital What should i do. Any Honest Serious Suggesstions
Guys i dont have Working Capital What should i do. Any Honest Serious Suggesstions
Guys i dont have Working Capital What should i do. Any Honest Serious Suggesstions
Guys i dont have Working Capital What should i do. Any Honest Serious Suggesstions
62件の返信
Seller_nRFmxiQg4EGrw
Find employment, and start saving.
Trying to leverage your way into a business with no working capital is a recipe for disaster.
Seller_i6S8knzW6zU6Z
Hi @Seller_uVvIgjWQGpUJE,
Lack of working capital is a tough spot to be in — and I appreciate you asking the question openly. It’s something many of us have faced (or are still facing), so you’re not alone.
What @Seller_nRFmxiQg4EGrw said is true: Trying to start / run a business without any financial buffer can be risky — even with a solid plan. But that doesn’t mean there aren’t pathways forward — just that every next step deserves careful consideration.
One thing you might want to explore is Amazon’s partnered third-party financing options. There’s a dedicated help page here that lists providers Amazon works with. It won’t be a fit for everyone, but if you meet the criteria, it might be a useful starting point.
Best regards,
Michael
Seller_GLeNc8q4fBGvw
Do you have relationships like with business people... whom you can trust and they trust you... plus have some solid skills that you scale up with help of loan from them ?
Do you do charity ?, yes, it might sound weird if you are not into religion, spirituality but giving to the needy people around you will open doors for you to gain financial freedom, don't believe me ? well give it a try.
Lastly if you can bridge the gap, like if you are in USA and you can source in cost effective, cheap material regions around the world and sell in USA, you can earn handsomely ... i have few ideas and I definitely interested in one but that I won't share on public forum here ;p as I don't want my business idea to get stolen...
Seller_uVvIgjWQGpUJE
There is a Saying that : Leverage, Liquor and a Lady can destroy you. So should i take this L of Leverage
Seller_GLeNc8q4fBGvw
i don't know how to discuss it with you privately ... i don't know if its against Amazon seller forums TOS or isn't ... don't know... and try charity and if you believe in the Creator then you will get it back multiplied, give it a try, my best wishes with you :)
Seller_nRFmxiQg4EGrw
Correct.
Think about what you have; your house, your car, whatever; are you willing to lose them over something that you're not sure about???
It's okay to take risks; but not so much if the risk is your (and your family's) ability to survive.
Seller_2gzO3lLOtwvGb
[Moderator edit: removed inappropriate commentary]
Danny_Amazon
Hello @Seller_uVvIgjWQGpUJE- and thank you for creating this post.
It is true that the best resource Amazon can provide around working capital is resources around our Lending program. Please know you can reach out to that team directly via the email alias on that page with any specific questions.
Please also take a moment to review our Community Guidelines for using the seller forums, which would not allow the posting of any external URLs, or commercial solicitations to the forums. I only mention this as a preventative measure based on some of the conversation on this thread.
Thank you,
Danny
Seller_UE7YB5iwHyAko
Do not borrow and invest in amazon, you will run into issues they will hold your money and you'll be in a high stress position very quickly. I've been self employed for over a decade now after over a decade in the consulting world, I can tell you, you can run a good business out of business, by running out of capital, I've done it before about 6 years ago I ran a 5Million dollar a year trucking company out of business because of similar issues. Granted there were other issues for sure but they were solvable.
Start out small even if its just 500$ in inventory, get the hang of the process. Amazon scales incredibly well but it also works on the small scale. learn how it all works, make the mistakes with small dollars on the table. Take a look at your personal budget and clean up things where you can. I'm a huge proponent of not having monthly payments on anything unless you have to. That's me talking now with nearly 4000 a month in car payments but early on that's the ticket to building capital. Eat out cheap or eat at home, avoid payments on things and work extra hours where you can. We live in a capitalistic society and income mobility is down significantly, but its not gone. I started out in a broken family with parents on gov assistance, now I have a net worth exceeding 5m . So its still very much possible. But leveraging amazon inventory when you don't know what your doing, bad idea. You'll get a section 3, youll send in the wrong docs and theyll scrap your inventory, then youll be on here upset about it. Walk before you run.