Letter to cousin requesting funding for new business

Dear Ms. SmithI am sure you remember me although we give way not seen each other for a long time. I am Jack Hanson, the son of your cousin Judith Hanson, born(p) Smith. We last met at the Smith family reunion in Atlanta, Georgia I was still an undergrad sticker then with big plans. Now I take a leak arrived at a point in my life where I believe myself ready to make these big plans reality, and in the nearest early my friends and I plan to open a sm any local strain that leave specialize in special occasion gift baskets for unmarried and corporate clients.With my friends expertise and background and my enthusiasm I am overbearing that we allow for make our venture successful. A visit to the proposed location has persuade me that we have great opportunities ahead, and the uniqueness of our proposition will make it withstand out from the competition. All we need to succeed is add togetheritional start-up capital to escort our resources. I have strong belief that if you ag ree to participate in the venture, we will be able to put your money to good give and bring you a nice return on your investment.As I stated above, we plan to launch a enclose that will grapple gift baskets for individual and corporate clients. To make our offerings even more attractive, we need to add ethnic, natural beauty products and spa quality botanicals. This will add an original touch and make our gift assortment the best in the locality. We already have a plan to make the interior traffic pattern of the store fascinating and comfortable to create for our customers an atmosphere of holiday which they metre in buying gifts for their friends and colleagues.Our short-term goal is to build a disposition in the city of Bridgeport and neighboring towns as soon as our line of business has the resources to expand, we will be willing to move beyond Bridgeport and possibly Connecticut. However, refund of your investment will in any case exact precedence. If you subside to i nvest, we basis discuss several options. One is that you invest for seven categorys, and commence to receive interest on your investment jump with the 2nd year of the stores operation and recoup the lump-sum after another fiver years. If you want to contribute for a overnight time period, you will have an opportunity to share in the profit from the store for a longer time period, for instance, getting a percentage of the profit for 10 or more years.If I were you, I would choose the latter option, because, in my opinion, the store is doomed to succeed. First, the area is really rich in companies of different kinds, and all of them need to purchase gift baskets for their employees. Besides, I have driven somewhat the streets for a few hours and found only two stores that could remotely be described as gift stores.Entering them, I discovered a meagre assortment of goods that will make it really difficult for them to fight with us. Basically, local people unwilling to travel lar ge distances have to buy at for gifts in department stores like Wal-Mart or Target, and these, as you know, are ba swan the best place for gifts. Besides, to differentiate ourselves from the already present gift stores, we will offer customers a modern design and additional services, such as vintage packaging for their goods, at a modest price. I rely on the experience of my friend who for five years worked as sponsor manager in a gift store, and he says that the place is sublime for the venture.Now I want to thank you for the time you invested in translation this letter. I assure you that I would not be offering you to take part in the project, did I not have deep put that it will be a successful venture. I invite you to join forces with me and my friends who want to participate and visit the place that we plan to rent for our store. We can also in front you a proposed catalog of our products at any time.We have already prepared a business plan in which we back up our conce pts with numbers that I will be glad to forward to you as well (75 StartUp Secrets, 2006). I hope that you will have a chance to evaluate all the pros and cons of this investment and break up to help us in this business. On my part, I can covenant that the return will exceed any comparable return on other investment available. I will be glad to detect from you on this subject and meet in person, reviving old family ties and starting new business connections.Sincerely yours,Jack HansonReferences75 StartUp Secrets. (2006, ring). Enterpreneur.com. Retrieved March 27, 2006, from http//www.entrepreneur.com/article/0,4621,326420,00.htmlInternal Revenue Service. Starting a Business. Retrieved March 27, 2006, from http//www.irs.gov/businesses/ pocket-sized/article