Some breakthroughs

Today we have made some breakthroughs, I have managed to get in contact with ALMI and set up a meeting for next Monday and I have talked to a person at Öhrlings PriceWaterhouseCoopers and set up a meeting for this Friday. Luckily the meetings will be when Lina is not at IHM (business school).

ALMI is owned by the government and if you have a good enough business idea they can provide your company with seed money, a sort of venture capital light. Since we are not able to pay all starting costs for The Fair Tailor with our savings it is very important that we get some external financing and ALMI is an important piece of that puzzle.

We are competing in something called Venture Cup with our business idea. The main reason for our participation in Venture Cup is the feedback we get after they have read our business plan. They have people from various branches of business that looks at the contestants’ business plans and then give feedback. So far we have got very good feedback from them.
Besides from that you can also get private guidance from some of the companies that sponsor the competition. And this Friday we will get helm from a guy at Öhrlings PriceWaterhouseCoopers concerning import/export and our budget.

I am waiting to hear from a contact in Nepal, I have planned to go there by the end of the month but I have not yet booked any tickets. I need to make sure that I have things to do when I get there.
I am also waiting to hear from one of the companies that we hope will be able to design our web site, I have not been able to get a hold of my contact there today. But maybe I’ll have better luck tomorrow.

Tuesday 1p.m. is the deadline for the business plan to Venture Cup, that is the next big milestone. It’s going to take a lot of hard work over then next couple of days, but it will hopefully be fun.