Michael Atanda Entrepreneur
What I need help with
My background as an entrepreneur
My current challenges
My current challenge is just a five letter word MONEY. I do not have sufficient fund to continue the business because far less than the loan I applied for because of collateral. Meanwhile, I have rented a store for the business but nothing is happening there right and bank will automatically withdraw from my wife's account because she used her bank account to applied for the loan hoping to get enough but less was given to me. Right now I'm stuck, what can I do?
About my venture
ROYALKENFO WHITE STITCHES Started 2019
Based on my passion for fashion and style, I decided to venture into fashion designing business in order to help myself to attain financial freedom, and be able to provide for my family. Although I was once into fashion business as Supervisor of the company I worked with far back in 1998 and later in 2006-2010, I personally took up the job fashion marker because people loved any clothe I wear and they always demanded I get the same for them. But right now, I have started the fashion business fully and with one Designer working for me. But failure to get enough loan or funds is dragging the business and I'm confused. My initial plan was to get a store that can convey 5Designers, Manager, Cashier and Students, and to be producing wears and bedsheets in large quantity for distribution to strategic sales point, but insufficient fund is holding me back. What can I do?
Countries of operation: Nigeria