Im new to this forum, but wanted to gather some ideas from anyone who was willing to offer some advice.
Im looking to start a Men's footwear/clothing consignment store in a suburb of Cleveland, OH. An example of the store would be similar to Flight club in NY, RIF in LA, and Off The Rack in Boston. My business partner and I both have full time careers and I recently purchased a home last year and have a 3 month old baby. Im 28 but have been working at the IRS for the last 7 years. While its a stable job, and government job, its not my passion, I hate getting up every morning and would much rather open my own business. With that being said, my business partner and I have said we need $50,000 on the low side, to $75,000 to get the consignment shop up and running. We both are able right now to come up with a total of $30,000 and are looking for ways to gather to rest of the money.
We have reached out to family, friends, and fools, and would possibly be able to get another $10,000 - $15,000. We are running out of people to ask, and really would like some suggestions on how to come up with the remaining cash. A bank loan is out of the question due to the fact they are extremely stringent in this economy. Any advice would help.
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