Quote History Quoted:
What about running the books? I'm a pro at fixing bikes but not knowing the accounting side almost sunk me and does sink most places.
If you aren't intimately familiar with the back office side of your type of business learn it now and hire someone to guide you for your first year or two of business. You'll save far more than you spend.
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Quote History Quoted:
What about running the books? I'm a pro at fixing bikes but not knowing the accounting side almost sunk me and does sink most places.
If you aren't intimately familiar with the back office side of your type of business learn it now and hire someone to guide you for your first year or two of business. You'll save far more than you spend.
I understand completely what you are saying. My 9-5 has proprietary software for that, so I will need to learn some quick books or the like to be on top of it. I know there will be a learning curve on the software.
Quoted:
You are doing an online drop ship store with a retail front as well right?
Why not pick the one that is lowest risk and highest yield and test it first to see if people want what you think they want?
Check out The Lean Startup and run with it.
Yea, I need to clarify a few things here.
It's drop ship stuff, no brick and mortar, may get there but not on the plans. Since I will be the retailer, I have read to treat it as a retail (I.e. taxes, legals, accounting).
I asked here as people have started startups and run them and may offer great advice, and some here is great. And different resources available, like SCORE and such.
Being a drop ship, all warranty is from the manufacturer, and for the time being it will be me and the wife working it.
Quoted:
If you are not a minority or a foreign resident the bank is going to show you the door unless you have massive collateral to put up for the money.
After you have been in business for a few years the purse strings start to loosen up. We have advertised in every media and word of mouth has been our best
generator of business.
This is where I see the biggest cash flow generator, able to start really getting sales and open up the purse strings (in time, obviously not a very quick process).
White male, US native. Dont have that going for me.