Midwest Co., LLC | Application Preview
Midwest Co., LLC is seeking government grants to help launch a small business alongside the owner's teaching career. The funds will primarily be used to purchase initial inventory, ensuring a solid foundation for the venture.
The business plan outlines a five-year growth strategy that emphasizes training and collaboration with other business owners, along with setting achievable goals. The owner envisions expanding the team by hiring employees as the business grows.
The application highlights a belief in the importance of providing opportunities for all individuals to succeed. With the constraints of a teacher's salary, the owner emphasizes the financial struggle of starting a business and expresses a commitment to giving back once the business becomes successful.
In terms of competition, the owner notes small businesses selling on platforms like Amazon. However, the competitive edge lies in the owner's strong work ethic and dedication to community service, aiming to foster relationships and support local initiatives as the business thrives.
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General Information
Business Registration Number: 0006034675
Location: Valley City, ND, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
I am a teacher and starting this business on the side, with my current income I am struggling to get my business started. I have my EIN and LLC and now I am just starting to buy inventory to get ready to sell. These funds will be used to help me buy the funds and make sure I get my business started on the right foot.
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Business Plan
I plan to grow my business in the next five years by trainings and leaning on other business owners. I will identify where I started and set clear, small goals to begin. I would love to add employees to my business in the next five years as well. I would like investors to invest in me as I believe every person should have a chance to be successful. Starting a business takes a lot of time and money, and as a full time teacher with bills its hard to start a business with my wage. When I become successful I will do my best to give back to those who helped me from the bottom.
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Self Identified Competition
My top competitors are small business owners who are selling on amazon as well. I am hard working and will go above and beyond to be successful. I will give back to organizations and help out in my community as much as I possibly can.
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Contact Applicant
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