ForumsStarting a Business

Up to All Forums

This Question is Not Answered

1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)

4 Replies Last post: Oct 20, 2007 1:54 PM by KALTIFK

Need a mentor........

Oct 20, 2007 12:36 AM

KALTIFK 4 posts since
Oct 10, 2007

I want to start a business that purchases excess, surplus, closeouts inventory from manufacturers, retail and warehouse businesses. I need someone with this kind of business experienceor knowledge to give me advise and guidance. Can any one help.

Thank you

Tags: Report as inappropriate

WEBillions 154 posts since
Oct 10, 2007

1. Re: Need a mentor........ Oct 20, 2007 1:11 AM

I am definitely not an expert on this. However, if you would like some general advice, please check out mickysbusiness.blogspot.com. This blog will have some details
about how to pick your name, advice about picking partners, and lots of
other good info.

Report as inappropriate

LUCKIEST 7,937 posts since
Aug 6, 2007

2. Re: Need a mentor........ Oct 20, 2007 7:22 AM

KALTIFK, I would be happy to volunteer to give you advice and guidance.
Tell me more. How soon do you want to start? Where are you located??
What is your background?? Do you have the FUNDS??
How about a BUSINESS PLAN??
Stay in touch, LUCKIEST

Report as inappropriate

KALTIFK 4 posts since
Oct 10, 2007

3. Re: Need a mentor........ Oct 20, 2007 1:28 PM

in response to: WEBillions

Thank you WEbillions. The blog helped. Appreciate your help.

Kal.

Report as inappropriate

KALTIFK 4 posts since
Oct 10, 2007

4. Re: Need a mentor........ Oct 20, 2007 1:54 PM

in response to: LUCKIEST

Thank you Luckiest.

To answer your queries.

I started without a formal business plan but with a business outline. The company is set up, the website is ready, pretty much every thing else is done. This is my background. I have been in auto finance for several years, but have dabbled in the purchase of general merchandise for quite sometime, buying and selling at a small scale. I feel this might be the natural progression. I just need advise and guidance on how to seek and find information regarding the purchase of surplus merchandise from businesses, basic information on what is the normal percentage paid on this kind of merchandise etc.

Any help will be appreciated.

Report as inappropriate

Bank of America, N.A. Member FDIC. Equal Housing Lender

Bank of America is not responsible for user posts and other user content appearing on this website and does not endorse or guarantee the perspectives, the advice, the users, the businesses, or the products or services sold by any users or businesses that appear on this website.

ForumsStarting a Business

This Question is Not Answered

Need a mentor........

Oct 20, 2007 12:36 AM

More Like This

Most Recent Forum Posts

Legend