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Do you own your own business? I would like some advice.

My husband and I have often spoken of opening the store I have been meticulously plotting out since I was a kid. If you own your own business, I would love to hear any advice you may have on finding a location, finances, etc.

(When I say "own your own business", I am not refering to those of you who sell Avon, or other such "middle man" enterprises. It is not that I do not think you are less respectable as a career woman or anything like that. It is just that I am seeking advice from women who have built up a business from scratch that required buying or renting a building, getting a license or certificate, etc. Like a coffee shop or real estate firm.)

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KarmicChild

Asked by KarmicChild at 11:17 AM on Apr. 1, 2010 in Just for Fun

Level 8 (249 Credits)
Answers (4)
  • My advice, in this economy, would that if your thinking of opening up a business, make sure the demand is there for your product and/or service. For example...what things do people NEED instead of WANT?....People are getting rid of a lot of thier "wants"....but they're always going to need shelter (rentals are good income, but hard work), food, water, gas, basic clothing......
    People are also intrested in getting things CHEAP...so the better deal you can offer them for thier NEEDS...the better your business will run.
    Anonymous

    Answer by Anonymous at 11:22 AM on Apr. 1, 2010

  • Here in san diego there is a free organization to give advice. It is all very confidential. There are retired CEOs CFOs COOs etc who volunteer there time to meet with people who are trying to start a business. Call the BBB in your area and see if there is any such thing near you.


    Good Luck.

    Anonymous

    Answer by Anonymous at 11:34 AM on Apr. 1, 2010

  • We run our business completely online instead of with a traditional store front. That way it keeps the costs very low, but you will have to get creative about marketing. As far as funding goes, try the small business administration for a loan or get private investors. It's next to impossible to get a grant unless you're a green technologies business or in medical research. There are some really great books out there you can read that offer a lot of advice.
    HotMama330

    Answer by HotMama330 at 11:37 AM on Apr. 1, 2010

  • http://www.sba.gov/aboutsba/sbaprograms/onlinewbc/index.html


    http://www.wbdc.org/


    http://web.sba.gov/faqs/faqindex.cfm?areaID=24


    http://www.irs.gov/businesses/small/index.html


    You will need startup money, proof of a support system, a good presentation and a business plan. You can pick up the software programs at Office supply stores and that will outline how to make a submittable plan. Be very careful with brick and mortar startups, and who does your appraisal. GL on your endeavor. These websites will not only help you, but will provide you with free help and a real live person to speak to sometimes in person.

    jewjewbee

    Answer by jewjewbee at 11:54 AM on Apr. 1, 2010

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