I want to start a business....help

United States
February 28, 2010 10:32pm CST
So i want to start a business. It all started a few months ago when i contacted someone about a little mall shop and i got the information packet, but i'm just not sure if that's the right one for me. I really want to start my own business and I have the information that I would need, but I don't know first about financing (unless out of pocket), and second about the best thing to start. We live in a very small town, and it's kind of like I can start one business but it's such a small town you blink your eyes and your out of it. The biggest thing that we have here is Wal-Mart and it's not a supercenter either. If there are any ideas out there of what a small town might be in use of that would pull it's own weight please give me an idea. The main things around here are pharmacies, walmart, gas stations, grocery store, dollar store, fast food, and restraunts. If there is anything that anyone can think of to help me either with the issues of financing (where to go what to do) or what would be good in your opinion, i'd definately be open for new ideas. Thanks so much.
2 responses
@dianmelydia (2269)
• Indonesia
1 Mar 10
Starting a business is not an easy thing. You need to looking for unique opportunities around you. It won't be a good choice if you open an electronic store beside other's electronic store. I think for the first time you can try to opening a store which can fulfilling your hobbies and ability. It must be easier to selling something we are really well known with. The capital also is another matter when we want to start a business. Try to pressing as low as capital for the first time set up of your business because the lower investment can reduce higher risk for a startup business. Good luck for you and have a nice day. Happy mylotting.
• United States
2 Mar 10
You are very right. I do have to take into consideration the risk involved because I certainly can't afford to be struck with about 20,000 debt for my first year of business, or getting my head just above water. That is a little too dangerous for a family business. I really appreciate your consideration and your thoughtfullness. It's a unique quality to have now a days. I definately want to try and keep my business with low investment rates, and I'm glad that you brought that up because to me an electronics store did sound great at first, however, now I am seeing the other side of it. Electronics are very expensive and that Is something that would take and have a lot of risk involved, perhaps a decision for in the future and not right now. I'll keep my eyes open for something that I could picture myself doing everyday. Thanks so much for your responce, i greatly appreciate it.
@vball4 (30)
• Canada
1 Mar 10
try opening up an electronics shop and compete with walmart for electronic items. bring technology to the next level there.
• United States
2 Mar 10
That is a great idea, I am definately going to consider that. I'm trying to make a list of all the different ones that would be very interesting, and that is definately on the list. Suprisingly we've thought of a lot of different shops, but not an electronics shop. Not only that but WalMart never has really good electronics, they kind of touch on it, but nothing near what we could have if it be a completely electronic shop. Thanks so much for your responce, and I am definately putting it on my list. I really appreciate it.