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5 Replies Last post: Jul 19, 2009 5:48 PM by Rell523

Start a Business but do not have the funds

Jul 18, 2009 6:19 PM

Rell523 3 posts since
Jul 18, 2009

I want to start a liquor store business but I do not have the funds to do so. I am meeting liquor store owners to get information and advice from and how to maintain the business. I know liquor sells itself and especially on holidays and its something that is guaranteed to sell good. I am a young 24 year old male with a business degree and I'm ready to put it to use. I would love to get advice from you guys on how I should go about this. You can contact me by email stefon.brown@yahoo.com Im looking forward from hearing from u.

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LUCKIEST 7,942 posts since
Aug 6, 2007

1. Re: Start a Business but do not have the funds Jul 19, 2009 7:39 AM

Start a Business, Welcome

I would start by developing a business plan

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Wappahso 14 posts since
Jan 15, 2009

2. Re: Start a Business but do not have the funds Jul 19, 2009 11:01 AM

in response to: LUCKIEST

As a new business; your best bet is to try and put a little money on the side not forgetting starting out small in order to meet your financial obligation.. Unless you have a good client base lined up, it will not be advisable to put yourself into debt and not knowing your roi...
It has worked out well for me, starting small and working as I go along.. No one is willing to give any new business a loan at least from my experience.

Best of luck.
www.winnsom.com
Your insurance is our business

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GBIntel 37 posts since
Nov 14, 2007

3. Re: Start a Business but do not have the funds Jul 19, 2009 6:49 PM

in response to: LUCKIEST

Business Plans come ... only after ... establishing
product utility, product benefits, and product features
industry entry-exit barriers

otherwise, you may be disappointed. Products must be attractive to potential customers, and it is only then that products will earn ROI.

GBIntel

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Rell523 3 posts since
Jul 18, 2009

4. Re: Start a Business but do not have the funds Jul 19, 2009 6:49 PM

in response to: Wappahso

Yes, that's what I want to do is start at a small location and if the business grows I can move in a bigger spot. I can take care other things as they come along as you stated.

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Rell523 3 posts since
Jul 18, 2009

5. Re: Start a Business but do not have the funds Jul 19, 2009 6:49 PM

in response to: LUCKIEST

Ok I have a few ideas on what I want and where I want it and where to buy from at a cheaper price. I was doing research to see rules and regulations and other things to learn about it. I know I want to start off small then work my way up. Its worth giving it a shot.

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ForumsStarting a Business

This Question is Not Answered

Start a Business but do not have the funds

Jul 18, 2009 6:19 PM

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