MoneySmall business
Start-up fund for Jack: reopening a phone repair counter after floodwater
Jack has run a phone repair counter for four years; floodwater destroyed the equipment, and $2,700 will put it back on its feet.
🇦🇺 Adelaide, South Australia, Australia540 views
For four years I have run a phone repair counter in Adelaide. In June, floodwater took a soldering station and testing tools. I have no insurance, and the bank won't lend to me.
Before that, my customers came every Wednesday, and I employed 1 people from the neighborhood. I have been out of business for 4 weeks.
This business pays my children's school fees and rent. I have already started working from home in small ways, but I can't meet orders without proper equipment.
Every contribution brings me closer to reopening, and I promise to post photos as I buy each item.
Once I'm back on my feet I plan to hire back the people I had to let go.
Where the $2,700 goes:
• Replacing a soldering station and testing tools: $1,500
• Initial stock: replacement parts: $370
• Shop repairs and licensing: $410
• Working capital for the first month: $420
I'll pay this kindness forward the moment I'm able to.
- Jack
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Good luck, Jack. I'd happily buy from you once you're back up