Financing

To start the business some preliminary financing will be necessary.

Because of the busienss model (an internet network and listing service) costs will be minimal.

The first round of financing will come before startup to pay for the creation of the website, purchasing the domain name, the hosting for the site, setting up and testing the payment system (moneris, paypal and our shopping cart) the marketing to both the VC companies and the Small Businesses and the Incorperation of the company.

For the initial round we will be looking to friends and family for $10,000. We do not want to take on any debt financing until we have proven cash flow and monthy profits.

Future rounds will be considered to help expand the network on a more global scale after having success in Vancouver and the rest of Canada (to reach more investors and small business owners in other areas of the world). For this round we will consider both institutional and private investors as well as considering the possibily of institutional debt financing to keep as much of an ownership in the company as possible.