I worked as a residential and commercial HVAC technician for 15 years and then I wanted to start a business of my own.
- In order to start the business, I had to come up with a heap of money.
I was working 6 days a week and I still didn’t have enough money to start the HVAC business by myself. I started looking for business investors. I was hopeful I could find a business Event Center that was interested in helping me start a new business. I went to a special place that has investors that are looking to help small businesses. I met with several business investors and I told them all about my ideas. A couple of people called me back the next day because they were interested in learning more information about the opportunity. My wife and I were excited when one business investor came up with the money and wanted to help me get started. The guy used to work as a contractor when he was 40 years old and then he started buying and selling real estate. The investor had all of the money that I needed, but he wanted 30% proceeds from the business. It was a pretty big chunk of the company to sell, but the investor made me an offer that I could not refuse. He was willing to take all of the risk and put up all of the money for the business and I didn’t have to come out of pocket for a single dollar. When we settled on 25%, I signed the papers.