silent partner

mikhael

I am looking for silent partner to invest in existing business.
All of the details will be discussed personally.
The minimum investment is 20K.

Anyone?

JohnThomas09

mikhael wrote: »

I am looking for silent partner to invest in existing business.
All of the details will be discussed personally.
The minimum investment is 20K.

Anyone?

what the business potiential.you will have to give some general details before anyone would PM you to commit that amount.Whats the sector and was your projected turnover for year 1?

stepbar

mikhael wrote: »

I am looking for silent partner to invest in existing business.
All of the details will be discussed personally.
The minimum investment is 20K.

Anyone?

To invest in Red Square?

Seriously, do you not have an accountant? Surely this is the best avenue to tap for investment.

And I take you would be changing your status from sole trader to a Ltd company? Your website is misleading, you quote a company number which is not valid. A company number is very different than a trading name.

mikhael

well, lets say it, like this
red square is what i do for living right now
red square does not requires any investment to stay on the track, what is earned through the red square is enough for a piece of bread, some butter and a caviar on top of it.
there is another "thing" came to my mind, off course, it will be done under the same name, but through the time that "new thing" will wash out everything, what red square doing at the moment.
i would consider registration of ltd, if it will be needed, but not for 20k.
lets say, we can to start to talk about ltd from 120k of investment.
but basically, i am looking for investor, who would be interested to put some money in the business and stay aside. i would be happy to provide him with all of the financial information needed, pay agreed share through agreed time, but i don't want him to tell me, how do i have to play with my toys.

Atlas_IRL

Why is your website .cc?

i would consider registration of ltd, if it will be needed, but not for 20k.
lets say, we can to start to talk about ltd from 120k of investment.

??

mikhael

Atlas_IRL wrote: »

Why is your website .cc?

to cut the cost
less i spend - less customer pay
you would not believe me, but money, spent on that website, is 6 american dollars.

ntlbell

mikhael wrote: »

to cut the cost
less i spend - less customer pay
you would not believe me, but money, spent on that website, is 6 american dollars.

huh?

you can get a .com for about a fiver? a .ie for little or nothing.

this sounds like a serious mickey mouse setup

mikhael

the initial idea was to set up the on-line shop under 10 euros in expenses.
and it is done, it cost me 6 dollars.
and .cc you get for free, why to pay fiver?

ntlbell

mikhael wrote: »

the initial idea was to set up the on-line shop under 10 euros in expenses.
and it is done, it cost me 6 dollars.
and .cc you get for free, why to pay fiver?

no reason at all, good stuff.

good luck with it

mikhael

ntlbell wrote: »

no reason at all, good stuff.

good luck with it

thanks, the shop alone bringing between 300 to 600 per week for couple of hours of work per day, so investment of 6 amd was not wasted )

stepbar

mikhael wrote: »

well, lets say it, like this
red square is what i do for living right now
red square does not requires any investment to stay on the track, what is earned through the red square is enough for a piece of bread, some butter and a caviar on top of it.
there is another "thing" came to my mind, off course, it will be done under the same name, but through the time that "new thing" will wash out everything, what red square doing at the moment.
i would consider registration of ltd, if it will be needed, but not for 20k.
lets say, we can to start to talk about ltd from 120k of investment.
but basically, i am looking for investor, who would be interested to put some money in the business and stay aside. i would be happy to provide him with all of the financial information needed, pay agreed share through agreed time, but i don't want him to tell me, how do i have to play with my toys.

That will not work. You're asking someone to put 20k of their money into your sole trader business of which they have no grasp of any shareholding what so ever.

Anyhow, it seems to me that you've went for the investment already through the bank and have been refused. One must be concerned about that. Otherwise I wonder if you need the investment at all (if it is true that your existing business is profitable).

the_syco

mikhael wrote: »

the initial idea was to set up the on-line shop under 10 euros in expenses.
and it is done, it cost me 6 dollars.
and .cc you get for free, why to pay fiver?

.ie equals an Irish company. You get a degree of trust.
.cc will get a degree of suspicion, as people won't know it's US unless they google it.
.com is a "normal" internet address.

mikhael

stepbar wrote: »

That will not work. You're asking someone to put 20k of their money into your sole trader business of which they have no grasp of any shareholding what so ever.

first of all, 20k is not that much to make me move to ltd. secondly, there are plenty of lawyers around, who would be happy to certify the private agreement, and it will be legal.
so, there are some share of income to the investor.

stepbar wrote: »

Anyhow, it seems to me that you've went for the investment already through the bank and have been refused. One must be concerned about that.

i do not like banks and use them only when i cannot deal without.
also, i do not believe in "plastic" . am i weird?

stepbar wrote: »

Otherwise I wonder if you need the investment at all (if it is true that your existing business is profitable).

as i stated earlier, red square on the way it is, does not need any investment
it generate enough money to keep running through the crisis time and stay afloat for another few years.
investment required for another thing, which is not mentioned on the website, will not be named in this thread and will be discussed only on the private manner with the potential investor, after POF shown.
It is not, like I am desperate for money to keep my business running, it is like i have an idea and potential to get good profit from that idea, but as i am a lazy prick, i do not bother to go to somewhere, like bank or other financial institution to get a loan or something.
i will be patient and my patience will be paid in full.
it is my position, which proved to be right through the years.

mikhael

the_syco wrote: »

.ie equals an Irish company. You get a degree of trust.
.cc will get a degree of suspicion, as people won't know it's US unless they google it.
.com is a "normal" internet address.

any internet address is "normal". .cc is not worse, then .ie
there a plenty .ie companies, which cannot even pay the rent and wages, not saying to be honest to investors and customers. same with .com. need an examples?

ntlbell

mikhael wrote: »

but as i am a lazy prick, i do not bother to go to somewhere, like bank or other financial institution to get a loan or something.

would you give someone who described themselves as the above 20k for a sole trading business?


this is a strange thread.

mikhael

ntlbell wrote: »

would you give someone who described themselves as the above 20k for a sole trading business?


this is a strange thread.

depends, what it is aimed for.
i asking you to believe me, there are many businessmen, who do not have their business registered as ltd. i am talking about irish based businessmen.
they generate a huge income, really huge, and they do not need ltd. for some reason. why?
and as i said earlier, 20k is not that huge money.
come with 120k, bring me a POF, and we can discuss the shares.
then we can talk of ltd, but not registered in ireland.
it is not always the case, that investor is a "business angel", a savior.
investor needs to invest his money to some enterprises to generate the income, and in my
particular case the investor is in the same rights, as me, no more.
about a week ago i declined an offer of 100k, i just can afford it.
as i said, i can wait. and the right guy will come and will be happy to invest on my conditions.

stepbar

mikhael wrote: »

first of all, 20k is not that much to make me move to ltd. secondly, there are plenty of lawyers around, who would be happy to certify the private agreement, and it will be legal.
so, there are some share of income to the investor.

Far to messy to be worth doing. And I could see lots of potential arguments about whose owed what etc, especially when you are going to lump in income through red square.

mikhael wrote: »

i do not like banks and use them only when i cannot deal without.
also, i do not believe in "plastic" . am i weird?

as i stated earlier, red square on the way it is, does not need any investment
it generate enough money to keep running through the crisis time and stay afloat for another few years.
investment required for another thing, which is not mentioned on the website, will not be named in this thread and will be discussed only on the private manner with the potential investor, after POF shown.
It is not, like I am desperate for money to keep my business running, it is like i have an idea and potential to get good profit from that idea, but as i am a lazy prick, i do not bother to go to somewhere, like bank or other financial institution to get a loan or something.
i will be patient and my patience will be paid in full.
it is my position, which proved to be right through the years.

You are prepared to give away an idea that you could fund yourself. An investor is going to want a large return for their 20k otherwise it's a waste of time. Whilst a bank will charge you interest which you can offset against tax paid. The net cost to you would be far less. You've also said that you don't need assistance from the investor. It certainly is weird to say the least.

I don't understand why you couldn't isolate income from this new venture (i.e into an Ltd company). Why does it have to be part of your existing venture? If you thought about it hard enough, it really doesn't have to - even if you are planning to support this new venture through income from red square.

mikhael

stepbar wrote: »

Far to messy to be worth doing. And I could see lots of potential arguments about whose owed what etc, especially when you are going to lump in income through red square.

well, honestly, i don't see much problems in here. there are some well working schemes which have been working long ago i even started my first walk to under the table.
when i will start that new enterprise the only shop will left from the red square
i will not have time to do anything else, but that new "thing"
the shop income calculated automatically and can be easily separated.

stepbar wrote: »

You are prepared to give away an idea that you could fund yourself. An investor is going to want a large return for their 20k otherwise it's a waste of time.

basically, the investor is in the need of, lets call it, investee
it is two sides of the same business and they cannot exist without each-other
when you need an investment desperately, well, investor can tell you, what to do and on which conditions you will get the money
but if you well standing and can live without investment, and you decide to get one,
the investor turns to be just another business partner, not more.
and you can accept his offer or decline it, if you find it unacceptable. or you can just offer your own conditions, like in that particular case, i can offer not more, then 8% of profit for the next 7 years in the case of 120k investment. if we talk about 20k - 4% of profit for 7 years.

stepbar wrote: »

Whilst a bank will charge you interest which you can offset against tax paid. The new cost to you could be far less. You've also said that you don't need assistance. It certainly is weird to say the least.

i just don't like banks, it is personal

stepbar wrote: »

I don't understand why you couldn't isolate income from this new venture (i.e into an Ltd company). Why does it have to be part of your existing venture? If you though about it hard enough, it really doesn't have to.

i want to keep it under the same name.
and i don't mind to start ltd in the case of 120k or more

padocon

the_syco wrote: »

.ie equals an Irish company. You get a degree of trust.
.cc will get a degree of suspicion, as people won't know it's US unless they google it.
.com is a "normal" internet address.

Completely agree! A .ie is viewed as being 1. Irish 2. People see it as a more trust worthy website!

Joseph

Wow, I really have no response to this thread...

homeOwner

You need 20K, your business currently brings in around 300-600 per week.
If you save the income from your business for less than 12 months you will have your 20K with no investor. For those 12 months you get a job to pay the rent. 1 year later you are all set to start your new business.

You come across as someone not too interested in hard work looking to try out a new idea but you arent willing to risk your own money and you are not willing to work hard enough to earn the initial investment, which you could easily do as described above. You arent really selling this very well.

the_syco

homeOwner wrote: »

You come across as someone not too interested in hard work looking to try out a new idea but you arent willing to risk your own money and you are not willing to work hard enough to earn the initial investment, which you could easily do as described above. You arent really selling this very well.

That's what I'm also seeing.

mikhael

my part is money
and idea
and know how
and i will accept investment on my own conditions, as all of it in sum gets to 96%, if we talking of 20k
as said earlier - i will wait for the guy, who understand, what investment means, and then we will talk

mikhael

Hey-hey! guys
Thanks, very much for the interest to that thread,
I know, that thread looks stupid, but
For yesterday night I had 34 visitors, who redirected their browsers from boards.ie to red square store, which means they clicked on link in my signature.
6 of them got registered, they did not buy anything yet, but, eventually, they will.
I received email from us based investment company with offer to have a look at their proposition and request for the details of the business. Looks good and I may say, the thread can be closed now, it did its work.
I was not expecting to get a reply on this forum like, "well, I think, I will invest in that guy"
But I've got, what I was aiming for.:)
Thank, indeed, guys

Bandara

you want someone to invest 120k to get 8% of your 'profit' for the next 7 years?

Sorry, but you've been watching to much dragons den mate.

if I'm putting in 120k I want to triple that in 7 years in a risky enviroment such as yours.

So I want 360k back in total in the 7 year period, which equates to my 8% being €45k a year of your profits, which in turn means your are going to turn a YEARLY profit of 562,500, which over 7 years means your minimum profit will be €3,937,500.

Do you really think you are going to make 4 MILLION euro profit in the next 7 years?

You are aware you are valuing your company (that you have not yet traded a euro from) at €1.5m ?

And to be very honest the fact that your comfortable with the idea of saving less than a tenner at the expense of operating your entire company under a bizarre (to the buying public) .cc domain frightens the sh1te out of me. Are you aware how nervous people are about using their credit cards over the internet, and how suspicious they are of companies that do not fit in with the expected norm?

So for that reason I'm out.

Good luck with your 'American Investors'....

mikhael

keep it going, guys
the company is working since 2001, it is not fresh registered business
the shop is only open and already bringing some money, not much, but enough to pay bills.
shop is not the main business, as well as computers.
the credit cards processed through the paypal, so it is safe for the customers
also, for irish residing customers there is a possibility to pay by bank draft or check.
whats for me, i am scared of .ie, businesses, so what?
and yes, if you invest money to somewhere for 7 years you expect to triple it, thats right, thats what i mean.
come to me with POF and you will get all of the info

BnA

mikhael wrote: »

thanks, the shop alone bringing between 300 to 600 per week for couple of hours of work per day, so investment of 6 amd was not wasted )

Is that a turnover of 300 to 600 a week or a profit of 300 to 600 a week.

Also, as others have said, your website loses a huge amount of credibility with a .cc address. I would buy a good bit of stuff on-line for work and home. Often a few thousand a month. If I saw a website whose address was .cc, I would be very suspisious. In fact, I would probably run a mile. Any company who is not willing to spend a tenner regestering a dot com or the 20 quid it costs to register a .ie is basically a Mickey Mouse Operation.

I'm not saying that to have a go at you. Just some honest advice from an on-line buyer. An investment of 25 quid a .ie and a .com address would serve you well.

Best of luck

W!zard

Good Luck :pac:

mikhael

BnA wrote: »

Is that a turnover of 300 to 600 a week or a profit of 300 to 600 a week.

Also, as others have said, your website loses a huge amount of credibility with a .cc address. I would buy a good bit of stuff on-line for work and home. Often a few thousand a month. If I saw a website whose address was .cc, I would be very suspisious. In fact, I would probably run a mile. Any company who is not willing to spend a tenner regestering a dot com or the 20 quid it costs to register a .ie is basically a Mickey Mouse Operation.

I'm not saying that to have a go at you. Just some honest advice from an on-line buyer. An investment of 25 quid a .ie and a .com address would serve you well.

Best of luck

it is a profit
you might be right on .ie and .cc
the most of the sales comes not from ireland, but germany, france and baltic states.
as far, i've got customers, i'm fine.
if irish customers are so orthodox - it is a problem of irish customers
you know, i HAD to make prices higher for nearly 20 euros for each item to attract some customers from ireland. just think about it, not less, but higher.

btw, the investment problem is solved
i have a meeting with the investor company on 19th in london, they insist, that i will not try to attract any other investors in the deal.
so from now we can discuss .cc vs .ie

Atlas_IRL

Seems to me that the whole point of this thread is for you to get people to visit your site and nothing about investment. Already you have links off google for your webstore so well done for that, although might not be good publicity.

As regrads .cc to .ie, going with a .cc is bizarre. A .com is 6 or 7 dollars with godaddy. IF your business is making what you say it is then a .com would convert a lot more sales than a .cc IMO.

Your site looks like a dropshipping site am i correct?

mikhael

right, it is a dropshipping

the_syco

If you're getting customers it'd be best to keep the .cc address then. I've seen a few sites that have the same site mirrored under .com as well as their local country such as .co.uk which may be an idea for yourself.

Personally, I'd go for the .ie for a site whose target audience was Ireland, but would go .com if the target audience was European / USA.

Google would be one example: even though .ie and .com is the same, I see many people type .ie as it's perceived as the "Irish" version, as opposed to a simple redirect.

I agree with "if irish customers are so orthodox - it is a problem of irish customers". But as one callout could pay for maybe 3 years registration of a .ie domain, it'd make sense.

Finally, as a few of your products are for "Ireland only", it may be an idea. If I was to Google for a company that repaired computers, and ticked the "within Ireland" box, your site wouldn't come up. It's simple things like this that can help generate income.

mikhael

what you saying is right
i will, probably, register .ie and will set up the redirection.
but in a short time there will be only shop at that address, nothing else
all of the other stuff, like repairs and computers will be moved at another address
i want to separate those things, as soon, as shop will start to generate 1000-1200 per week, i want to hire a dedicated manager for a 4 hours a day to process the orders and update the goods.
so, basically, i don't see the real need to change the domain at that stage.