Bootstrapping baby! We have put a lot of our own money into MEDBASICS and continue to utilize low-interest credit cards in this crazy juggling act of business finance. Luke’s mom is an investor in MEDBASICS and my parents helped get our website up and going. We have counselors at SCORE who are helping us craft the long term financial plan for MEDBASICS. They are a great resource.
How are you selling your product?
Online store www.babymedbasics.com, trade shows and wholesale. Our product is also sold at retail stores such as Bella Baby and Figure 8 Maternity.
As a business owner and creator of MEDBASICS, what are your long term and short term goals?
Short term: add Toddler MEDBASICS (ages 1-5) and other amazing products.
Long term: just to continue to grow. Grow the business, both in the number of products created and in revenue generated. Grow as an individual and entrepreneur. Of course, we entertain the idea of selling the business some day but for right now we are having way too much fun!
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