HOW I FUNDED MY BUSINESS

@alvmills

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SoundTikTok sound · original sound - pianorem06

Promoted product

SHYNEweareshyne.com

Discover SHYNE's premium grooming products for men with afro and curly textured hair. Shop durags, curl creams, wave brushes & more styling tools designed to make you shine with confidence.

6 videos

Why it worked

The video provides a clear, actionable strategy for bootstrapping a product-based business, appealing to aspiring entrepreneurs. The use of personal experience and a step-by-step breakdown makes the advice relatable and practical, while the visual demonstration of the product and its production process adds credibility.

Summary

The creator explains how they funded their product-based business, SHYNE, without external investment. They detail a three-step process: saving enough to purchase the initial minimum order quantity (MOQ), tracking sales data to forecast demand and cash needs, and then using a lender to finance subsequent production runs based on proven sales performance.

Structure

1Introduction: Funding business with £20,000 debt
2Step 1: Saving enough for initial MOQ
3

Original caption

Scaling a product business while bootstrapping and keeping full ownership is absolutely possible 📈 This is the strategy I’ve used to grow @SHYNE to 7 figures lifetime revenue without giving away any equity. #founder #businessfunding #buildinginpublic #startabusiness

More from @alvmills

Product placement

The video shows the creator's product, SHYNE, in various stages of production and packaging. The brand name 'SHYNE' is visible on the products and in the creator's clothing. The website 'weareshyne.com' is provided in the creator's bio.

Call to action

Follow for more insights into building a product based business.

On-screen text

HOW I FUNDED MY BUSINESS -£20,000 supplier tens pounds you it any uncles a business full save this scale businesses first probably 1. SAVE ENOUGH CASH TO PURCHASE MOQ minimum supplier me meant reinvesting almost back shine we selling those eventually develop first production through exactly took helped demand how for order after consistent set decision finance inventory production lender lovy the making repayment matched rate repayments due inventory sold generated repay while keeping profit top next it's simple fund yourself finance next repeat repeat more building based

Transcript

HOW I FUNDED MY BUSINESS -£20,000 This order cost me £20,000 pounds And I'm going to show you exactly how I was able to afford it without having any investors or rich uncles. So if you're trying to grow a product based business while bootstrapping and keeping full ownership, this is how we're going to scale up our businesses this year. The first step, and probably the hardest, is saving enough cash to purchase MOQ, minimum order with your supplier. For me, reaching that point meant reinvesting almost every pound back into SHYNE while we would still just be selling those durags. Those profits eventually develop first production order. Once that first order sold through, I tracked exactly how long it took. That data helped me forecast demand and understand how much cash I needed for the next bigger order. Only after consistent sales over a set period, I made the decision to finance our next production run through a lender called Lovy. The key here was making sure that the repayment period matched our sell-through rate, so by the time repayments were due, most of the inventory had already been sold, meaning we generated enough cash to repay the loan while also keeping enough profit on top for the next production order. It's literally as simple as that. Fund the first run yourself, finance the next, repeat and repeat. Follow for more insights into building a product based business.