XC Insomniac (XCI) | Application Preview
XC Insomniac (XCI) is seeking government grants to support its business operations and growth plans. The funding will primarily be used to purchase products from Alibaba, cover overseas shipping costs, and handle essential legal requirements such as securing a business name, obtaining an EIN, and creating a website.
XCI's business plan outlines an ambitious expansion strategy. In the first year, the focus will be on adult men's underwear and accessories, with plans to add swimwear and wellness products. By the second year, XCI aims to introduce adult toys, expand wellness offerings, and include sexual health products. By year three, the business expects to operate sustainably with a diverse range of merchandise, and by the fifth year, it intends to partner with organizations to support research on cancer, HIV/AIDS, and provide assistance to the homeless and the Boys & Girls Club.
The applicant emphasizes personal perseverance, highlighting a journey from hardship to the pursuit of career dreams. They express a desire for collaboration and growth, emphasizing a passion for their business and a commitment to community support.
In terms of competition, XCI aims to address gaps left by its top two competitors, who the applicant feels do not offer the desired products. The competitive advantage stems from a genuine dedication to building a supportive brand rather than merely chasing profit. The founder's commitment to giving back to the community and aiding youth development forms the core of XCI’s mission.
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General Information
Business Registration Number: In the Process of Researching
Location: Dallas, TX, United States
Length of Operation: 0
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I will be ordering a great deal of my products from alibaba.com. I need to be able to order my products and pay over seas shipping fees. I will also be making some of my products as well. I will need funding to secure my business name, EIN, Website, and any other legal forms and registrations.
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Business Plan
Within the first year I would like to expand from Adult Men underwear and Accessories to add swim wear, and a few wellness products. By the 2nd year I will expand to adult toys, increase on my wellness products, and add sexual health products. by year 3 I will at a sustainable level with great merchandise continuously in rotation. By the 5th year I plan to be partnered with several organization for Research on Cancer, HIV & Aids, Homeless Help and The Boys & Girls Club. The main thing is they are helping a man who came from nothing, and honestly lost it all; but has been persistent in getting my life together and accomplishing all career goals dreamt up at age 15. I am here to learn, and I know that I have a great business coming. I am looking for someone that can see the passion within me, and want to grow with the company and myself.
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Self Identified Competition
My top 2 competitors aren't really turning out products I personally find a want or need for. My goal is to pick up the torch of where they are lacking, and carry it all the way to the gold. Being in contact with my biggest competitor; I see he's more in the line of this business for just the money and attention that comes with it. I am here to build everyone up, support, profit is a big deal in it, but I want to be able to give back just as well. there was a lot I missed out on as a kid, and I want to be able to help kids along their growth journey into successful for themselves.
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Contact Applicant
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