Comments on MY FRIEND'S GRAND OPENING

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cantey

No, we are going to be far enough apart that we really are not going to be competition for each other. His store is over a half and hour's drive from where mine will be. I'll be just west of Denver and he is up in Boulder.

posted by kooka_lives on October 4, 2005 at 11:27 AM | link to this | reply

are you and your friend going to be competing with each other?

posted by calmcantey75 on October 4, 2005 at 11:06 AM | link to this | reply

Ody

It is much more complex than that, especially if you need to sell the whole idea to a bank to get a loan. That is what I am learning right now.

But the market looks good and there is little competition in the area right now. I ma working really hard and figuring out ways to attract people to my store when I open it.

posted by kooka_lives on October 3, 2005 at 12:02 PM | link to this | reply

My recollection of the key ingredients

for a business plan include answering the following questions: Who are my customers? Where are my customers? How best do I reach my customers? How many customers (sales) must I achieve to cover overhead and make an acceptable profit? Are there a sufficient number of such recurring customers in the vicinity to make my endeavor a long-term success?

Many small businesses fail because the planning stage did not address these issues. Hey good luck? Perhaps I’ll be able to visit your store the next time I go snow skiing?

posted by telemachus on October 1, 2005 at 5:55 PM | link to this | reply