I am an Ex Army officer and is working with SAS Group in India. I am based out of Dehradun and my wife is into personalized women apparel/clothing. We have 1 child and is in class IV and now my wife would like to start her fashion studio in the city by opening up a store and going online either by an independent website or for the time being through Jabong / Snapdeal etc.
I would like to ask you for advice on the following matters.
1. We require funds to start a store of our own for which we require funds to either rent/lease a place or buy some commercial space by ourselves.
2. Since I have not served the full mandatory army service so not getting pension. I have a decent amount coming as salary but not enough to put in the business.
3. We require some angel investor or some bank loan to finance our project.
Apologies for being so blunt and straight forward but dont know as to how to go about the things. Since at the end of the day I too want to own or part of family business.
Request to please advice.
Major Abhishek Mani Sharma
+91 – 9634998373