Hi Everybody, I have been reading a lot of posts, and they have been helpful and interesting, I have a particular twist, Alcohol, I recently started a company to manufacture a new alcoholic drink product, knowing there is a lot of things to consider when starting such a highly regulated business, I went out and hired an alcohol consultant to help in the process of licensing and meeting all requirements. After 7 months we finally received the first permit, and have submitted the second stage of the process, formulation, 2 month's ago, still in process, and still having 1 more step with the Feds to go, and then the state licensing. Before you can even start on the process, you have to have a building leased or owned, in the companies name, so here I am paying a rent payment for 9 months! Needless to say I'm in it for the long haul.
We have a great product, high profit, hardly any competition, just one similar product on the market, and a huge difference between the two products, wide open market, we have the equipment to manufacture our product, we have the "Clean" facilities in place, and we can't produce or sell until all licensing are obtained.
The way the government handles the licensing process, has caused a hardship to the company, but we "Will" get our licensing, but my fears have come true, and by the time we get the all clear, I won't have the cash for inventory, production, Ect.
We have decided to look for an investor, although I feel we should get the licensing process complete first before we approach potential investors, maybe a forum like this one will bring some interest our way, anybody interested and willing to sign a non-discloser agreement, Please feel free to contact me, I would love to hear any comments the forum might have. Thank You for allowing me to Vent some anger, and "Keep The Faith."