We want to open a shop together but we need some more training on what steps to take.
2006-07-05 08:45:17 · 7 answers · asked by sherell212004 2 in Business & Finance ➔ Small Business
Don't do it !!
Partnerships rarely work out. If you are friends, that is even worse. You won't be friends for long. I know from experience.
2006-07-05 08:48:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The best routes to take are to research the process of starting a business as well as the industry you're interested in.
I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.
Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
* How to Really Start Your Own Business, Fourth Edition by David E. Gumpert
* How to Really Create a Successful Business Plan: Step-by-Step Guide by David E. Gumpert
* What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business) by Jan Norman
* Business Start-Up Kit by Steven D. Strauss
* Start Your Own Business (Entrepreneur Magazine's Start Up) by Rieva Lesonsky
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-07-06 04:04:34 · answer #2 · answered by TM Express™ 7 · 0⤊ 0⤋
I would like to suggest U to consider on the followings:---
1/ Are U very close friends? However ,no matter how close, a company is differ from friendship except spouse ,but see if on unlimited company only,as a company consist of only one U could give unconditional love!
2/ Make a Marketing Plan,start using software ,such as powerpoint,to fill in the blanks, on different areas on pos & cons of 5 P(Price,Place,Promotion,Products & package)
3/ Set piority in 2 ways
3A/
3A.1/ Urgent & Important
3A.2/ Important no urgent
3A.3 / Urgent not important
3A.4/ No important ,no urgent
3B.1 / Easy & urgent
3B.2/ Top Urgent
3B.3/ interesting but hard
4B.4/ So differcult,no get paid
4B.5/ So differcult.no get paid,other parties wins,unfair!
4B.6/ So differcult .no get paid,other parties win,unfair,U get hurt!
4B.7/ So worse,get hurt,quit! C_U_T L-O-S-T !!!
Don't make love with your B-U-S-S-I-N-E-S-S !!!
2006-07-05 09:01:36 · answer #3 · answered by russclara 2 · 0⤊ 0⤋
Write it ALL down. Come up with a business plan. Discuss EVERYTHING. Talk about the good things you want to happen and how you're going to work through the bad things, including personal conflicts and differing opinions.
Have your conflicts NOW, see if you can work through them NOW instead of having to deal with problems later. If you postpone planning, discussions and conflicts, it only will get worse.
2006-07-05 08:54:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Get a lawyer and get it in writing. Make sure you get, in deatil, what each person is putting in and what each person will get out (profit wise). Plan for the worst- what will each person walk away with if the business doesn't work out. Better to get these things ironed out now than when things go sour.
Good luck.
2006-07-05 08:54:51 · answer #5 · answered by MagPookie 4 · 0⤊ 0⤋
Try something differents, if you want more products in your store then see the company's presentation for more details.
2006-07-05 22:02:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋
dont. you don't start with a partner. you have to spilt everything. ideas, money, its hard.
2006-07-05 08:49:55 · answer #7 · answered by mike67333 6 · 0⤊ 0⤋