PDA

View Full Version : Owning Your own buisness: Share your story here!


mnkyman
01-31-2008, 02:54 AM
So i've always thought it would be cool to own my own buisness, just wondering:

1) how some of you got into it
2) what it is you got into
3) how its faired (financially and socially)
4) what tips would you offer to a first timer
5) and if you could go back, what would you change.



Im still in college, so this wouldn't be happening anytime soon, but its always a cool topic to discuss.
Only buisness idea i've thought of so far is buying property and creating a shopping center out of it.
I did start my own "buisness" in highschool creating websites for organizations and school clubs, but that was more of a hobby than a serious buisness.

khanhdom
01-31-2008, 09:49 AM
I'm 21 and not graduated yet but my family had businesses throughout my life and I kind of have one on my own. Here is what I know about businesses.

First find a niche in the business world where you can cater to. Don't try to think you can get everyone's business, know the crowd you will be servicing to.

Second have extraaaa funds than what you calculate the budget to be. It will never be accurate and you will soon find out you'll need this and that. Also expect losing money in the starting months. This is always the toughest time and where most failed business never pass.

Third what can you do better than the other guys. So what will you provide that is so much better than the competition? Stand out, do something that will attract your clienteles and have them coming back soon.

If it is land base, location location location. We all heard it before, but it's probably the most important if not second most important thing. Make sure it's easy for your customers to go to and to see the store. Unless you have something exclusive and elite, where you want to maybe hide it and bring that exclusive to your business. However most of the time, that is not the case. Also location is good to know your customers. Would you rather have a business in acres home or the memorial?

Design, architecture, etc...most people will be willing to pay more for a better thorough design and cleanliness than going to a dump where it is cheaper. First impression and attractions are always key.

Have a good staff. If you require to hire a manager, do it right and get one that can control the business, while you are away or gone. That goes down right to every employee. Make sure the staff know their responsibilities and have them do their duties right. The staff is what portray the business image.

Well these are just a few things, i guess just the basic blocks of owning a successful business imo

RACER X
01-31-2008, 10:02 AM
business plan business plan business plan

OdyOwnage
01-31-2008, 10:20 AM
business plan business plan business plan

Preach Brotha!!! Preach!

tit$
01-31-2008, 10:32 AM
1) how some of you got into it
2) what it is you got into
3) how its faired (financially and socially)
4) what tips would you offer to a first timer
5) and if you could go back, what would you change.



been in a bunch of businesses, only one retail storefront so i'll give you that one:

1) bought it
2) venue & coffee/juice bar
3) i increased the business and sold it - new owners fucked it up and is now closed
4) do not go into the coffee business, you just can't make money
5) i would not have gotten into the coffee business

Jeebus
01-31-2008, 10:44 AM
Im assuming its because of starbucks and other major coffe companies?

I thought about something like this, I have an uncle whose always interested in making more money and I know he would help me out as much as possible if I get stuck but thinking about there just isn't much you can open up that hasn't been done. I heard way too many restaurant failure stories so thats out of the question. How about buying a franchise from an already well established company?

tit$
01-31-2008, 10:47 AM
there's just no money in it in houston. it's not that cold most of the time, not enough margin per drink, and the folks who hang out at coffee houses usually do not have enough money.

think about it like this -

you go in and buy a $4 coffee and more than likely leave.
now take a bar where a beer costs about $3. you will more than likely have about the same margin ($1 or so profit) but nobody only has one beer and leaves.

theres just not enough money to do well. there are plenty of successful coffee shops out there, but you won't find too many where the owner can draw more than $50k a year out of it. just not worth it for the hassle, easier to go work for somebody than run that type of shop.

greenparrot
01-31-2008, 10:52 AM
Coffee shop = low table turnover.

Meaning people buy a cup of coffee for 4 bucks and sit at a table for 4 hours drinking 1 cup of coffee lol.



I guess it is okay if you don't care about the money and a coffee shop is something you want to do in life.

tit$
01-31-2008, 10:53 AM
yepp!

Jeebus
01-31-2008, 10:54 AM
I see. Now your second example about the alcohol serving establishment types of businesses as in bars, clubs, etc have also crossed my mind before. Problems I see with that is they're usually pretty popular in the beginning but once a new one opens up down the street you're usually fucked. Lots of clubs or bars have closed down over the years because of newer more popular ones opening up.

tit$
01-31-2008, 10:55 AM
I see. Now your second example about the alcohol serving establishment types of businesses as in bars, clubs, etc have also crossed my mind before. Problems I see with that is they're usually pretty popular in the beginning but once a new one opens up down the street you're usually fucked. Lots of clubs or bars have closed down over the years because of newer more popular ones opening up.

average bar life is 4 years - you have to go into it knowing that you will have to totally reshape the establishment in that time period.

i think roxy and one or two other bars in houston are the only ones which have been able to stay sucessful under the same name all this time.

Ponch
01-31-2008, 10:57 AM
Im assuming its because of starbucks and other major coffe companies?

I thought about something like this, I have an uncle whose always interested in making more money and I know he would help me out as much as possible if I get stuck but thinking about there just isn't much you can open up that hasn't been done. I heard way too many restaurant failure stories so thats out of the question. How about buying a franchise from an already well established company?

Only people making money is the Franchise. After royalty fees, license fees, overhead etc there isnt much left.

The only franchise I would invest in would be Chik-fi-la. Now thats a money maker.

The restaurant failure rate isnt like it used to be and can be a viable business if you approach it correctly. One alone may not make much money but if you have several then it starts to add up.

tit$
01-31-2008, 10:58 AM
chic fil a is a great franchise, just think the whole not opening up on sunday is retarded. they are losing SOOOOOOO much money doing that.

Ponch
01-31-2008, 11:07 AM
There was an article i read about chik fil a and it brought up the whole sunday off deal. Basically they're making more than enough dough.

khanhdom
01-31-2008, 11:15 AM
i thought chick-fil-a doesn't just allow anyone to franchise and have some stricttt regulation and code...thought it was just a family thing

Jeebus
01-31-2008, 11:17 AM
So owning a franchise, you still have to follow someone's rules for the most part dont you? Kinda defeats the purpose of being your own boss doesn't it?

J Stuff
01-31-2008, 11:22 AM
internet cafes are usually lose

tit$
01-31-2008, 11:26 AM
So owning a franchise, you still have to follow someone's rules for the most part dont you? Kinda defeats the purpose of being your own boss doesn't it?

yep - and you have to pay a percentage of your gross sales whether you actually make a profit or not.

BUT the franchise does all of your advertising for you, and handles a lot of things so that you can concentrate on the business. franchises aren't for everyone - they have their advantages and flaws.

There was an article i read about chik fil a and it brought up the whole sunday off deal. Basically they're making more than enough dough.

i've never heard a business person say "oh we'll just close, we're already making enough money"

people with that mentality should not be in business. IMO anyway.

Flores
01-31-2008, 11:29 AM
My first business was a paintball field. In 1990. ( I was 20)

Borrowed $6k to buy equipment, found some cheap land no one was using and rented it for $25 a month, and started advertising. 4th quarter of operations, we cleared about 6k, just working 2 days a week. That was after we had completed paying off the initial loan. Towards the end, we were booked solid a month in advance...

I considered it a pretty decent success. And then it started raining... it rained every weekend for 3 months.

I found a 'real' job, sold out to my partner and watched him thrash around for another 8 months before he folded it.

If I had to do over again, a couple of small changes.

I would have gotten more money to start. 10k was my initial 'this is how much we need to open', but the most I could get was 6k, so it was a little shakey in the begining.

I would have done it alone. My first partner was worthless. His dad loaned us the money, other than that, he was a pathetic loser that made me have to work twice as hard to clean up his crap.

VTi EG6
01-31-2008, 11:33 AM
I thought about doing some type of business with my art. Not sure what route to go... :hs:

Flores
01-31-2008, 11:35 AM
I thought about doing some type of business with my art. Not sure what route to go... :hs:

Do you have a specific type of art you like to create? A friend of mine has ended up making some money off of making edgy/weird looking album covers.

I think his most recent stuff adorns KrumBums albums...

http://b4.ac-images.myspacecdn.com/01566/46/33/1566203364_l.jpg

RACER X
01-31-2008, 11:54 AM
There was an article i read about chik fil a and it brought up the whole sunday off deal. Basically they're making more than enough dough.
well i worked at CFA a looonnnggg time ago. and back then it was a very good. org. to work for. They are a Christian based outfit and they believe sunday is for rest. so they stick to their principles and are closed on sunday, i respect them for that. it's good to see an org. like that succeed from where they came from 20+yrs ago.

the mgrs back then and i'm sure know are also very religious, they even sponsor a religious college and gave out $1000 scholorships if you worked there long enough.

Ponch
01-31-2008, 12:29 PM
i've never heard a business person say "oh we'll just close, we're already making enough money"

people with that mentality should not be in business. IMO anyway.


Well chik fil a did. Doesnt seem like they're hurting to me and they are one of the most successful food chains.

j-lammers
01-31-2008, 12:54 PM
Well chik fil a did. Doesnt seem like they're hurting to me and they are one of the most successful food chains.

forreal. i see their food wrappings everywhere on campus. plus the food is pretty good

tit$
01-31-2008, 01:01 PM
Well chik fil a did. Doesnt seem like they're hurting to me and they are one of the most successful food chains.

that's fine - i just don't agree.

Ponch
01-31-2008, 01:03 PM
^^^stop being so greedy.

tit$
01-31-2008, 01:06 PM
^^^stop being so greedy.

uhhh.... no.

longnguyen714
01-31-2008, 01:11 PM
Be a bottom fisher, unless you want to start a business from scratch. If a business is for sale look for business that are struggling(not one that is performing really well since they will sell it for a premium and also less room for growth), identify what areas you can improve it, buy it for cheap(if you know you can turn it around), grow it, keep it or sell it for profits.

mnkyman
01-31-2008, 01:36 PM
chick-fil-a is a private company (you wont find them in the stock market), and the guy who originally started it was very religious, so they would close on sundays, which still continues today.

------------------

great stories so far, keep it up!!!

MR_EggRollzzz
01-31-2008, 01:56 PM
Never Franchise.
Never go into business with a friend or fam member.
Never look back no matter how bad it looks.
Last but not least always have back up money for the rainydays and after all the hard work you will see the results.

Slim ThuG
01-31-2008, 01:58 PM
i thought chick-fil-a doesn't just allow anyone to franchise and have some stricttt regulation and code...thought it was just a family thing

you have to have worked at a location and other things. I have done the research on it

1999ebpsi
01-31-2008, 02:27 PM
What about an ebay business or ebay power seller? Is anyone in here doing this? Pros/Cons?

Ponch
01-31-2008, 02:48 PM
What about an ebay business or ebay power seller? Is anyone in here doing this? Pros/Cons?

I know someone who has done decent with ebay but its a lot of damn work. I wouldnt want to do it.

Ponch
01-31-2008, 02:50 PM
Stay away from UPS Store Franchise...there are documented reports that franchisees are not breaking even with the venture and having to sell off prematurely.

VTi EG6
01-31-2008, 03:09 PM
Do you have a specific type of art you like to create? A friend of mine has ended up making some money off of making edgy/weird looking album covers.

I think his most recent stuff adorns KrumBums albums...

http://b4.ac-images.myspacecdn.com/01566/46/33/1566203364_l.jpg

www.flickr.com/photos/bigc85

Right now I sell canvases... I don't really make too much off of it, maybe enough for like 40-70 dollar shoes/jeans/gas money....

I'd want to expand in making shirts and other things but I guess I'd have to make my name out there first.

I don't want to play middle man cause I wouldn't want to charge a grip for shirts...

xSaLee
01-31-2008, 03:22 PM
I'm 19 and I just started a business with my dad. My dad has always been an entrepreneur... and I've always been a hustler? lol. Always looking for way to make money bc I love spending it... Well he comes to me with an idea and I liked it so we ran with it. The sushi business is buzzing in houston these days. every where you look new places are opening up but nobody is catering to the delivery aspect. like you can order in chinese and pizza but not sushi. so that's what we do. tasty, appealing to the eyes (as sushi is known to be), and affordable! sushi in essence isn't that expensive to make. when you go to these restaurants you're paying for their decor and etc. so right now we cater to business building delis. and soon we will cater to the neighborhood we have our store in. and we will be expanding throughout houston as well. keep an eye out for us :)

its always great to know the right people. be outgoing and don't be afraid to take risks. of course stupid ones should be avoided. be innovative.

VTi EG6
01-31-2008, 03:40 PM
^ Cool do you have an online menu?

RaCinStylez
01-31-2008, 04:27 PM
1) how some of you got into it
2) what it is you got into
3) how its faired (financially and socially)
4) what tips would you offer to a first timer
5) and if you could go back, what would you change.



My story is kinda long and draw out but here are the cliffs

-I am 18 and just graduated high school and didnt know what I wanted to do
-came here to Houston to visit my uncle in sept 2002
-found a good job and decided to move here
-saved up all my money from work (EVERY PENNY) Gotta be stingy to stack some paper
-me and my cousin brainstormed and researched for a couple months to think of a good business venture
-opened two flea market locations in Nov 2002
-Got a business loan and opened my first retail location 4/20/2003
-opened another retail location 4/20/2004
-over extened myself and had to close the second location in 10/31/05
-First location is still going strong and I plan to open more later this year

If I had to do it again, I would not have opened the 2nd location so soon. My only advise to anyone wanting to open a business is to do your homework! RESEARCH RESEARCH RESEARCH the business you want to get into. Make a business plan! This is probably the most important aspect of opening a business! You need a little bit of luck and a whole lotta sweat, blood, and tears to run your own business but it does pay off in the end.

longnguyen714
01-31-2008, 07:09 PM
Never Franchise.
Never go into business with a friend or fam member.
Never look back no matter how bad it looks.
Last but not least always have back up money for the rainydays and after all the hard work you will see the results.

Some franchise are worth it, you can not say never. If you franchise, of course it has to fit your needs and goals, there are lots of benefits, mainly a well built brand. In some industries, almost every business is a franchise dominated....and they make healthy returns for their investors.

Cloud Nine
01-31-2008, 10:11 PM
im barely starting :p

xxjustimajinxx
02-02-2008, 03:24 PM
Some franchise are worth it, you can not say never. If you franchise, of course it has to fit your needs and goals, there are lots of benefits, mainly a well built brand. In some industries, almost every business is a franchise dominated....and they make healthy returns for their investors.

YOU ARE ABSOLUTLY RIGHT!!!! in the hospitality industry it works works just lik that!!


you only franchise if you have alot of $$$$$ to back yourself up. Im desi and as most of you guys know majority of the hoteling here in houston is indian owned.


Everyone i know in the hoteling industry. Started early in the game! Its all about location location location. They picked a good location a hotel that was already built and they brought the bizz up under a independent name. saved the money and started expanding. back in the 80s and 90s construction was fucking cheap. they made there money back in those times. i mean they still are making money but it depends what kinda hotels they have or name. Now a days the indians with the $$$ strictly deal with franchise names.

hey might have started off slow but as time progressed they built in areas that were still cheap and developing.today those areas are the ones where the hotels are most expensive to buy. also those are the indians with $$$$. And those are the indians who do the franchise hotels. i know a guy building the hampton inn and suites in league city and a hilton gardens by nasa somewhere. My brothers father in law is the one who built the la quita (sp?) in pearland off 518 and he is building that other hotel behind the texaco off 288 going south. I can tell you the springhilll inn off shadowcreek and the hampton inn off 518 are indian owned same owner i know him too.

all the hotels off William clayton, holiday inn, best western, super 8, best value, soon to come comfort suites ALL indian owned. its crazy how these guys started so small back in the day and developed a big portfolio up today.

i want to get into that game, but its soooo hard. damn hotels like that average cost is like 2mil and up!! but ill break it eventually!

Streetkred
02-02-2008, 09:54 PM
1. Never Get into buisness with Friends
2. Research
3. Organization
4. Business Plan

Im not going into full details

But for all the people that know me,

Just Know that I stopped because of those 4 ^ items mainly number 1
and Ill be Starting again on my own once I get myself Iout of this fucking goddamn hole im in and do thigs the right way...

Ex-RepoMan
02-02-2008, 10:37 PM
I'm working on mine :)

tiedupfool
02-02-2008, 10:46 PM
Less than a month away!!!! With what I consider a good business plan under my belt. I guess I dont own a business but from my experience leading up to me starting it I would say make sure you get lots of feedback from others that may pick up on a problem before you even encounter one.

So business plan
Extra Funds
Feedback from others
Contacts
Equipment
Flat out determination to make it work


I'm ready to fall on my face if it doesnt work and my line of business allows most materials to be very liquidable if worst comes to worst

CrzyS4
02-02-2008, 10:55 PM
1) how some of you got into it

- Godbrother's company since 1991. He moved in 1999. Took over when he left. My sister got the financial part since she grad in Business.

2) what it is you got into

- Flooring company

3) how its faired (financially and socially)

- It's great in the Housing Boom years. Now it's slowing down. Also thanks to idiots FOBS that open their own company wishful thinking it would strike money. But in the end, it cause nothing but shutting down for new business owner. I had mentioned how it cost to much to fuck around in Boston. So, these people ruin their life by having all these wishful thinking. My sister still running the company full-time now. Thanks to the referal (since 1991); we're still alive and kicking n00bs ass.

4) what tips would you offer to a first timer

- BUSINESS PLAN! Do not open because one already open making the bills. Do deep research. As I said all these n00bs opening new floor company in Boston are getting NO jobs causing them to file chapter 11.

5) and if you could go back, what would you change.

- Nothing.

CrzyS4
02-02-2008, 11:00 PM
Never Franchise.
Never go into business with a friend or fam member.
Never look back no matter how bad it looks.
Last but not least always have back up money for the rainydays and after all the hard work you will see the results.

I beg a differ. Franchise DO make money. You just know what to open. Franchise a gas station is a big mistake as you earn minimum selling gas. You'll earn most if you have a convienent store with that franchise gas station.

infamous_ikon
02-02-2008, 11:06 PM
i aint a small fry im a franchise lolol

alot of business is common sense imo , my business is a franchise been doing it for like 10 years , its like clock work now , and a hell of alot of luck

good luck to the risk takers

tiedupfool
02-02-2008, 11:07 PM
good luck to the risk takers
I hope my emu farm business does well!

syntheticGT
02-03-2008, 02:10 AM
#1 - DO NOT GIVE UP!

I have yet to find my niche...but I will one day.

:2cooleek:

FOXCONN4
02-04-2008, 02:15 AM
i aint a small fry im a franchise lolol

alot of business is common sense imo , my business is a franchise been doing it for like 10 years , its like clock work now , and a hell of alot of luck

good luck to the risk takers

1) how some of you got into it
2) what it is you got into
3) how its faired (financially and socially)
4) what tips would you offer to a first timer
5) and if you could go back, what would you change.
:bowdown:

jomomma
02-04-2008, 03:21 AM
What about an ebay business or ebay power seller? Is anyone in here doing this? Pros/Cons?

i is

Limeade
02-04-2008, 08:22 AM
chic fil a is a great franchise, just think the whole not opening up on sunday is retarded. they are losing SOOOOOOO much money doing that.

Thought about that, but think about how loyal their fan base is because of that.

infamous_ikon
02-04-2008, 12:15 PM
1) how some of you got into it
2) what it is you got into
3) how its faired (financially and socially)
4) what tips would you offer to a first timer
5) and if you could go back, what would you change.
:bowdown:

1) ease and i was familiar with it since i was 14 or 15
2) bakery
3) better and better every year, i have never lost money since grand opening
4) patience with customer(s) and yourself
5) invest in it earlier

Enron Exec
02-04-2008, 12:30 PM
My first business was a paintball field. In 1990. ( I was 20)

Borrowed $6k to buy equipment, found some cheap land no one was using and rented it for $25 a month, and started advertising. 4th quarter of operations, we cleared about 6k, just working 2 days a week. That was after we had completed paying off the initial loan. Towards the end, we were booked solid a month in advance...

I considered it a pretty decent success. And then it started raining... it rained every weekend for 3 months.

I found a 'real' job, sold out to my partner and watched him thrash around for another 8 months before he folded it.

If I had to do over again, a couple of small changes.

I would have gotten more money to start. 10k was my initial 'this is how much we need to open', but the most I could get was 6k, so it was a little shakey in the begining.

I would have done it alone. My first partner was worthless. His dad loaned us the money, other than that, he was a pathetic loser that made me have to work twice as hard to clean up his crap.

Wait, what paintball field was this and where?

tit$
02-04-2008, 12:42 PM
Thought about that, but think about how loyal their fan base is because of that.

you think people would stop going if they started opening on sundays? REALLY though? you're right they'd probably lose a few customers, but their bottom line would jump up damn high.

Flores
02-04-2008, 12:47 PM
Wait, what paintball field was this and where?

Combat Simulations, it was out in Alvin. as the original post said, around 1990 :)

1999ebpsi
02-04-2008, 02:32 PM
i is

any tips or suggestions? I am trying this right now but If I could just find what I purchase from suppliers on ebay for cheaper or in bulk then I could make some ok money. Right now only pulling a weak $50 a week:gonk: but I have only been doing this 3 months

Limeade
02-04-2008, 03:41 PM
you think people would stop going if they started opening on sundays? REALLY though? you're right they'd probably lose a few customers, but their bottom line would jump up damn high.

The owner came to my school and gave a speech, everything that is good about that chain is because of the values behind them.

Oni-San
02-04-2008, 04:42 PM
I've wanted to open a liquor store here in the NW, but I've always been afraid of getting jacked :hide: But not a ghetto one, one that actually caters to a higher level clientele preferably in the Tomball area. Since it's starting to become more developed. :hsugh:

infamous_ikon
02-04-2008, 04:47 PM
I've wanted to open a liquor store here in the NW, but I've always been afraid of getting jacked :hide: But not a ghetto one, one that actually caters to a higher level clientele preferably in the Tomball area. Since it's starting to become more developed. :hsugh:

glass windows where they point and choose what they want works wonders, ive seen a set-up like this next to my shop. if you wanna do this ill pm you the location so you can take a sneak peep

Din
02-04-2008, 05:20 PM
I've wanted to open a liquor store here in the NW, but I've always been afraid of getting jacked :hide: But not a ghetto one, one that actually caters to a higher level clientele preferably in the Tomball area. Since it's starting to become more developed. :hsugh:

Im looking into some up and comming areas also. Get bullet proof glass if u can afford it one day. Or get u some tattos so the thugs will be scared of u.

LG
02-04-2008, 06:22 PM
So i've always thought it would be cool to own my own buisness, just wondering:

1) how some of you got into it
2) what it is you got into
3) how its faired (financially and socially)
4) what tips would you offer to a first timer
5) and if you could go back, what would you change.





1) My dad likes to invest in properties and I was basically dragged along.
2) Restaurants, Apartments, Shopping Center, and Car Wash.
3) I really wouldn't suggest restaurants just because it so much risk involved that you could loss it all but we have been doing pretty well. Everything else is good, of course you always have your ups and downs.
4) I would have good savings before starting, business plan and support from someone. My dad had about $20,000 when he first started his first restaurant and we would eat everyday at the restaurant to save. Basically after a year my dad could actually start saving.
5) I should of asked my dad for some sort of agreement on pay/salary because I literally work 24/7 non-stop. :hsrun:

If you want to go on your own because you are tired of your boss telling you what to do and blah blah blah because you usually sit on your ass and need to be told what to do then just stick to your 9-5 job. Working on your own means you have to push yourself and your company/product because now your the big boss. Owning your business is a 24/7 hour job.


I was wondering if anyone is doing the whole ebay store because I'm thinking of going into that and I want to know how it works, outcome, etc.

Streetkred
02-04-2008, 07:32 PM
If you want to go on your own because you are tired of your boss telling you what to do and blah blah blah because you usually sit on your ass and need to be told what to do then just stick to your 9-5 job. Working on your own means you have to push yourself and your company/product because now your the big boss. Owning your business is a 24/7 hour job.


Well Said!

Thats what one of my friends problem was and no wonder why the business went down tubes after I left.....

Oni-San
02-04-2008, 11:47 PM
glass windows where they point and choose what they want works wonders, ive seen a set-up like this next to my shop. if you wanna do this ill pm you the location so you can take a sneak peep

:nod: Please
Im looking into some up and comming areas also. Get bullet proof glass if u can afford it one day. Or get u some tattos so the thugs will be scared of u.

Dunno if I'd go as far as the BP glass,to me it looks ghetto. Especially in a upscale/developing area. But I definitely have a vest and SPAS 12 :hsugh: It's really sad that people have to go thru such great links to protect themselves.

Oni-San
02-04-2008, 11:54 PM
:nod: Please


Dunno if I'd go as far as the BP glass,to me it looks ghetto. Especially in a upscale/developing area. But I definitely have a vest and SPAS 12 :hsugh: It's really sad that people have to go thru such great links to protect themselves.

:roflmao: *lengths

suleman
02-05-2008, 01:06 PM
1) how some of you got into it: uncle offered to sell me cell phones at wholesale price.
2) what it is you got into: sell phones on ebay for profit.
3) how its faired (financially and socially): ehh paid for my car.
4) what tips would you offer to a first timer: don't expect alot of profits. to compensate for this problem sell more.
5) and if you could go back, what would you change: ehh i don't know. i stopped this after i got enough for my car haha.

VTi EG6
02-05-2008, 01:54 PM
I was wondering if anyone is doing the whole ebay store because I'm thinking of going into that and I want to know how it works, outcome, etc.

I could be mistaken but I think j-stuff on here has an ebay store?

Gunz4Sale
02-05-2008, 01:59 PM
Never Franchise.
Never go into business with a friend or fam member.
Never look back no matter how bad it looks.
Last but not least always have back up money for the rainydays and after all the hard work you will see the results.

My mom just bought an Avon store(an actual b&m store) and there are 0 franchise fees, you just need to buy the product and POS system from them.

MR_EggRollzzz
02-08-2008, 10:34 AM
My mom just bought an Avon store(an actual b&m store) and there are 0 franchise fees, you just need to buy the product and POS system from them.

Does she have to meet a quote or something every month,I just dont like the whole idea of a franchise business where you have someone breathing down on your neck telling you what to do. Just not me

slideways2004
02-09-2008, 11:47 PM
Does she have to meet a quote or something every month,I just dont like the whole idea of a franchise business where you have someone breathing down on your neck telling you what to do. Just not me

i can see what you are saying. here's an example, its not a very good example b/c the company i'm refering to is privately owned. if you are a regular person looking to to buy/fix/maintain tires. and you see 2 shops. hector's tires and discount tire. which one would you choose. same thing goes with franchises. advertising and other stuff is done. even getting the product is done. you just buy it.

Texas Tacoma
02-11-2008, 12:55 PM
1) how some of you got into it
2) what it is you got into
3) how its faired (financially and socially)
4) what tips would you offer to a first timer
5) and if you could go back, what would you change.

1. still in my young 20's, going to college pt, was working for friends parents, who were retired from shell oil and did wine imports for fun, they traveled/partied a lot. Parents loaned me some money, took off from there.
2. wine imports/distribution.
3.1-5k a month depending season, gets better every year, socially..its been awesome, seriously too fun im thinking sometimes.
4.have fun seriously, do what YOU want to do, i deal with some many old ppl, just brush them off with a smile, and most importantly keep an good attitude.
5.finishing school asap, picking up 2nd language, and probably getting invloved with too many females is a bad ideal...

Think i may get out, i got two other ideas kinda working on.

Raheel616
02-11-2008, 02:50 PM
i thought chick-fil-a doesn't just allow anyone to franchise and have some stricttt regulation and code...thought it was just a family thing

that is true, I have met and talked to the CEO for chik-fil-a they do not give franchises and only keep it in the family. Reason why they dont open up on sunday is because it is a day to give to god and a family day so they do not see it viable to have it open on sunday cause of that and it has been a tradition since they have opened up. They are also very strict oon their employees and to them customer satisfaction is everything.

Gunz4Sale
02-11-2008, 09:29 PM
Does she have to meet a quote or something every month,I just dont like the whole idea of a franchise business where you have someone breathing down on your neck telling you what to do. Just not me
Nope, aside from the things I mentioned you can do it how you want.

dieforalude
02-12-2008, 12:50 AM
1) how some of you got into it: uncle offered to sell me cell phones at wholesale price.
2) what it is you got into: sell phones on ebay for profit.
3) how its faired (financially and socially): ehh paid for my car.
4) what tips would you offer to a first timer: don't expect alot of profits. to compensate for this problem sell more.
5) and if you could go back, what would you change: ehh i don't know. i stopped this after i got enough for my car haha.

hey pm me about picking up where you left off? I could sue a new car. LOl Please?