Another week has passed, and move decisions have been made. I'm excited to say that I have narrowed down my business for the $100 challenge to The Stickr Company. With this company, I plan on selling vinyl stickers that people can put on car windows, walls, binders, or really anything they want. I plan on focusing on local teams (high school, club, etc) and even have some upsell items like custom numbers, names, or other things to make their sticker unique. Through that, I know that I can make a good amount of profit so I can be able to give through Kiva.org.
This week we learned about raising funds and being able to either bootstrap a business or looking for funds through a VC or other funding. Although many businesses will never be able to get VC funding, I find it an interesting problem. In one of our videos, they discussed how you must ask for money to make it a possibility. It seems like a simple thing. Just ask, right? Well, it is the first step and it is part of the selling process. If we don't make that step, it doesn't require the other party to answer.
Finally, I just want to share a great part in my personal business life. My personal IT company was purchased this week and I am now working for a new company, Integrated Technologies. I'm excited about the new opportunities it can bring and we hope that this risk will be a good one.
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