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Small business opportunity? Advice would be nice?!?
So basically my husband and I have been throwing the idea of opening a business around. Recently a friend of the family is discussing selling her Karrousel Kids, childs consignment shop. We almost view this as a sign to make our thoughts a reality. I'm really nervous about it though since it's such a huge risk. The thought of giving up our steady jobs to do this is scary, but nothing ventured, nothing gained. I'm wondering if anyone, once in the similiar situation, has any advice or opinions. This is a life changing thing so I want to have as much information as I can possible get. Thank you!
5 Answers
- 6 years ago
You have to take a risk.....and don't forgwt, working for someone else is a risk too.
Don't give up the job...at the very least, one of you needs to keep their job. Get ready for a few years of 80 hour weeks. Not saying that to deter tou, but you have to realign your mentality. The sleep deprivation is because you are doing something with your life...sure youre not xhupper bUT that motibates you in and of itself and gIves uou the fuel dor your day. . ..when you can attend a good friends dinner party, it's because you really do have important obligation, it sorta sucks, but it keeps you focused....this all better be for something.
I don't know if you specifically wanted your friends shop, or this was a leap frog, or just the location. You need to figure out why it'a closing.
- Anonymous6 years ago
There are a great deal of choices accessible to you. There are various sorts of retail organizations accessible, and the typical nourishment ideas, that work inside of an establishment framework. Since the building is without lease and may not be perfect for a nourishment or retail idea, you may need to consider utilizing it as an office for an administration business establishment where administrations are conveyed to a business or home, instead of depending on the client coming to you. The most vital trademark is discovering a business that you appreciate and are enthusiastic about. A qualified establishment expert ought to have the capacity to assist you with discovering a business that is suitable for the area, and in addition your own particular experience, venture capacity and inclinations.
- scott bLv 76 years ago
Pay an accountant or attorney that specializes in this sort of thing look over their books for the last 3 years. Have them produce records. If you are taking over someone else's business, you want to know exactly their assets and balance sheet. And you don't want to take their word for it. You want to see records.
- BarkleyLv 56 years ago
Both of you giving up full time steady employment is Not a good idea. Due diligence is essential when considering buying a business.
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