I would like to get into the aeronautics industry of selling nuts and bolts; how do I go about it as a 23 y/o?
Posted by admin on 30 Mar 2009 11:03 am. Filed under Small Business.
Anthony
As a 23 year old college grad I am looking to start my own business. One such area of interest is aeronautics, primarily nuts and bolts. I was wondering if there was any information on how to start this business via grants or some other venture capital funding vehicle. I currently own my own manufacturing plant but am always looking to diversify my portfolio. So if there is any information that can be obtained, it will be greatly aprreciated. Thank you for your time and effort.
As a 23 year old college grad I am looking to start my own business. One such area of interest is aeronautics, primarily nuts and bolts. I was wondering if there was any information on how to start this business via grants or some other venture capital funding vehicle. I currently own my own manufacturing plant but am always looking to diversify my portfolio. So if there is any information that can be obtained, it will be greatly aprreciated. Thank you for your time and effort.
2 Comments to “I would like to get into the aeronautics industry of selling nuts and bolts; how do I go about it as a 23 y/o?”
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On March 31st, 2009 at 3:58 pm
If you already have a manufacturing business you might want to consider expanding and improving your existing product line or promoting to increase sales. Aeronautic supplies…)
As well as aeronautic fasteners…&.autodone=http%3A%2F%2Fstore.nutsandbolts.com%2Fnsearch.html
Are fields pretty well covered. It would be pretty hard to compete in those fields as a start-up.
On April 1st, 2009 at 7:54 am
It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK – lots and lots of it, that is why a cottage industry of grant writers was born.
Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) and Grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.
Even SBA does NOT give out grants. From the SBA website…
“The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments.”
For private grants, you may want to check the Foundation Center’s Foundation Grants for Individuals Online. It’s a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for “students, artists, academic researchers, libraries and financial aid offices.” Entrepreneurs are apparently not one of them, so I take it they also don’t have listings of private foundations who give grants to would-be entrepreneurs.
You may want to go and pitch your ideas where investors gather. Here are some places where angel investors come and those looking for funding can come and pitch their business plans. Be sure to have a strong business plan and describe what makes your business idea stand apart:
Angel Capital Association
Angel’s Forum
Band of Angels
Common Angels
Keiretsu Forum
Launchpad Venture Group
New World Angels
New York Angels
Prairie Angels (charges $125 to submit idea)
Robin Hood Ventures $250)