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Biz Capital 2010's Fundraiser:

BizCapital2010

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Biz Capital 2010 via Crowdrise
June 08, 2010

JOIN MY TEAM TO SUPPORT MY CAUSE, MAKE DONATIONS AT MY PROJECT SITE http://www.indiegogo.com/SOUTH-LAKE-TAHOE-DRS  See more

BENEFITING:

EVENT DATE: Jun 01, 2010

HOURS PLEDGED: 800

Biz Capital 2010

THE STORY:

http://www.indiegogo.com/SOUTH-LAKE-TAHOE-DRS

I am an experienced and successful entrepreneur. I’m raising capital to start a discount retail store in the badly depressed economy of what was once a booming tourist town of South Lake Tahoe. This is not a nickel&dime; business to finance but the potential rewards are well worth the investment. The business will serve the resident population, most of whom work for minimum wage or just above, and are seasonal workers for the most part. That means between 1/4 and 1/2 of the year they are on unemployment or independent contractors with no benefits. The churches do a good job providing food banks here but there is no support for other basic necessities. The business I’m proposing will not only create year round jobs but will stretch the household dollars for residents and tourists alike and hopefully contribute to the city redevelopment plans to kickstart the local economy in the near future. I have a source to borrow from for the major costs of business equipment and supplies, and initial operating expenses of approximately $100k-$500K. However, there are upfront costs of utilities and leasing rent and deposits, licenses and permits, etc, that will have to come out of pocket. Any donation of at least $5 is helpful for this cause, the shortfall in funding is currently $10,000-$50,000 for these upfront expenses, but only $1000 is needed urgently to get the plans started by the end of this week. I will update and/or post for the rest with another timeframe as the plans progress. Once funding is in place the business will take about 4-6wks to open and start generating income. The business projections indicates profits showing within the first 3rd and 4th quarters of operations. Besides the contribution to the local community, I plan to use some of the profits to help individuals struggling financially with extraordinary circumstances, to make ends meet, or to achieve goals of self-sufficiency as well as help support the other great causes here on Crowdwise. PLEASE JOIN MY TEAM, TOO. Your alliance and cross-networking for my cause is appreciated even if you are not in a position to support my project financially at the moment. Crowdrise is not set-up for private donations as of yet unfortunately. Here are a couple sites where you can donate to my project until I get a fiscal sponsorship arrangement.
http://www.indiegogo.com/SOUTH-LAKE-TAHOE-DRS
http://www.skyraise.com/vexuvg9sywlh1wse

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