| fyxtion |
We have been tossing around the idea of opening a small buisness, a water and ice store keeps coming up. How would one go about finding info on how to do this?
fyxtion |
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| rtking |
It's not that simple. I guess it's easy enough to just go out and lease retail space, get a business license, pay franchise fees, and buy supplies, but you'll end-up in a heap of trouble.
What you need to do is to perform your own (or get someone to help you) business analysis, write a business plan, create a realistic financial forecast and pro-forma, perform a competitive analysis including SWOT analysis (Strengths, Weaknesses, Opportunities, Threats), go to various banks (with your financial analysis and forecasts) to obtain lines of credit for operating capital, yada, yada, yada. Lots of things to consider, and even more to do and manage when operations actually begin (such as determining what financial software to use to manage your books, etc.)
If you're not familiar with how to do this, I think you should retain someone who knows what they're doing to help guide you in starting a business.
Bob |
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| GripperDon |
| You might contact one of the sellers or a franschise and obtain particulars, Income, expenses, profits, etc. |
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