Business Growth & Financing

Potential customer writes comments below. What does the audience think this person should do?

For the past 30 years I have been a contract producer of specialty fiberglass molds to other businesses. I do have a lot of my own molds for specialty parts and others which I sell to the general public but that is a small part of what I do.

I have had up to 5 employees at times. We moved into our new facility a couple of years ago from a shop ¼ the size and less equipment. At the time my customers had been growing for a while and we needed the space and equipment to do the work.

Skip 1.5 yrs and we have a recession like 1981. the customers volume has shrunk over 50% but may have started to recover a bit. Not only have I invested a lot of my equity to construct this set up but it took a lot to keep it going for the last 1.5 yrs. My goal now as always is to aggressively pay down the line of credit.

I have been thinking about wanting to have a brand or something that has intrinsic value other than me as a proprietor. Original equipment manufacturers all make products but in some cases the original owner is dead but the company goes on. I fill in with custom made aftermarket parts.

Where does all the financing come from to grow. I have always been self financed but I am getting tired of that and want to start doing some other things besides using my personal money to grow the business so if I get more customers they must either pay COD or I will have to grow slow like I always have.

Unless we can create some other kind of system. I don’t know where to start although I am sure there is a word or term for this and for the type of person and or expertise I am seeking. So you see I don’t need just a web site or a marketing plan, I need a complete business plan and it has to fit. Try sleeping with that elephant.