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Opening a store Offline. Anyone experienced?

Discussion in 'BlackHat Lounge' started by backontrack, Mar 21, 2012.

  1. backontrack

    backontrack Power Member

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    A very good friend of mine, my brother and me are thinking to open up a electronics store, Were young at the time and would like to know if there's anything we should know about opening up a shop offline and the risks, Also is anyone here at the forums experienced with owning a shop?
    All suggestions would be very appreciated, Thanks.
     
  2. BB_Robert

    BB_Robert Newbie

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    Electronics stores are risky and expensive because you have to carry so much inventory. Make sure you have the funding worked out in advance as it will be difficult for a new company to get a loan or trade credit.

    Good luck!
     
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  3. backontrack

    backontrack Power Member

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    I agree, were planning everything verycarefully as this is a important investment. Thank you for the advice! Appreciated!
     
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  4. shaddelick

    shaddelick Regular Member

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    I sold an bricks and mortar store not too long ago to just do IM. Hate traditional bricks and mortar store. Its slavery dealing with customers, employees, workmens comp, IRS, taxes, tons of overhead cost. I think if someone Is rich already or has a simple idea, its will be easier, but its not for me
     
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    Last edited: Mar 21, 2012
  5. backontrack

    backontrack Power Member

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    Thank you for your opinion, But this is a big step in my life so hopefully it will be worth all the work, etc.