Jupiters Pearl | Application Preview
Jupiters Pearl is seeking government grants to sustain its operations and address immediate financial challenges. The grant will help cover necessary expenses such as inventory and business fees, which are currently hindering the owner's ability to draw a salary. The business owner has plans to participate in a vendor event aimed at generating revenue to pay off existing inventory.
The business strategy includes expanding its online presence and developing a workshop for promotion and sales. Over the next five years, there are ambitions to transition into a physical store or a wholesale warehouse, positioning the business for significant growth.
The applicant brings substantial experience in management and relationship building within the East Tennessee community, emphasizing a results-oriented approach and strong information technology skills. There are identified competitors in the online market, particularly three companies that generate significant income through social media sales of crystals. However, the applicant believes that with funding, they can reach a competitive level.
What sets Jupiters Pearl apart is its focus on community connection and support for other women-owned businesses, which has been a cornerstone of the applicant's career. The hope is that, with the right resources, the business can expand and foster economic growth, ultimately achieving six-figure revenues.
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General Information
Business Registration Number: 871522794
Location: Knoxville, TN, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
The funding will provide me with keeping my business afloat. I will be able to pay for inventory, business expenses, business fees, and etc. At the moment I am unable to purchase additional inventory due to the cost so I am unable to pay myself a salary. I am signed up for a vendor event that I hope to have a return and pay back current inventory but to continue with my business I will need to be able to pay for business fees and expenses.
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Business Plan
I plan to expand my online business profile to reach more people and develop a business workshop to sell and promote. I hope that within the next 5 years, I would be able to move into a brick and mortar store and/or wholesale warehouse. I am an experienced management professional with proven success in relationship building within the East Tennessee community. I am a results oriented individual with strong information technology professional skills. I have superior performance and effectively deploying company resources to successfully land contracts and add new procedures to achieve consistent results. I believe that I can significantly grow my business over the next 5 years and become a 6 figure + women entrepreneur.
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Self Identified Competition
There are many competitors within the business but the top 3 would be 3 other online companies that make between $2,000-$20,000 per Instagram live video selling crystals. They are very successful entrepreneurs and one has been my mentor so I feel confident that I will be able to be at the competitors level with funding. I am a detailed oriented individual that will be able to connect with my community on another level. I have worked my entire career building relationships within the community and my business will continue to provide economic growth and the ability to employ and mentor other women based businesses.
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Contact Applicant
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