Small Business..HELP!

Here is help. Rule number 1 Do not eat the hen that lays the golden egg - never it the capital Rule number 2 Do not eat all the eggs - you need chicks to have more hens and hence more eggs - decide what to eat and what to put back int your business Rule number 3 Do not eat the new hens that lay new golden eggs I wishes a 2012 full of new chicks and a lot of eggs.

Dear emdjay23 GREETINGS WISH YOU A HAPPY PROSPEROUS AND PEACEFUL NEW YEAR 2012. You can have one xerox machine if space is not a constraint in your business premises as that would generate a steady income.You can also include fast moving stuffs like milk , bread , cheese , cheddar and some of the stationary items like white sheets, pencil , refill pens , refills , eraser etc. samaritan123

You shouldn't be buying. Have you tried to talk to the suppliers for consignment instead? As for items, consider interesting finger food items.

Hi, me also i am planning to have ukay ukay store but i have to think about it what is the best to sell for people will buy it. I do not know.............

where is the store located? if it is located in an area that is commercialize and accessible to many people, if there are other competitors in area similar to you or the items you are selling,..you must be able to offer something that is not offered by competitors or if it already is..try to lower the price from the competitor and also put the customers first..customer satisfaction should be the first thing to consider in a business because the customers are the life of our business if not for them then we will not have profits and our business will not succeed..put in mind that when a customer is satisfied with what you are doing and offering, they will come to trust you, keep coming back to you and will recommend you to other people as well..

my wife also have her business at home. For it to succeed, you should have other source of income, where in you invest part of that amount in the store until it becomes sustainable.

Today, for a business to succeed, it also has to have a virtual presence. I think you should put up an online store too. You don't have to pay for a website as there are a lot of free websites around. I have put up an online store this year, and my business is only through online retail. I think you have a greater advantage than me as you actually have a real store.

Put a photocopy machine, bookbindings, fax, name cards, company chop everyone needs it and especially if you stays somewhere near to colleges or government complex where documentation are use. Anyhow you might still need the gadgets for your personal use. Best of Luck

I would like to suggest to put basic commodities that people usually buy, like can goods, (cheap ones). Soap, oil, and maybe small frozen meats and rice of course. I guess try to ask or look around at other stores in the neighborhood what they offer and what they don't so that you can get an edge. Always try to be different yet cost effective in starting a business if money doesn't come immediately don't falter always think positive and never give up.

Observe your neighborhood and surroundings, emdjay23. Your observation of the things your neighbor needs and what they might need quickly will enable you to identify what to sell in your small store. Also, the location of your store with the rest of your competitors around will give you hints on what to sell. Say, there are surrounding stores that basically sell common grocery items but don't offer common office supplies-- ballpen, notebooks, paste, etc.-- you may want to offer these BUT observe if there are prospective market for these items. Technically, this is applying "blue ocean strategy". Further, don't ever sell on credit. Many neighborhood relationships are ruined because of unpaid debts. Conduct an inventory of your store wares and be sensitive to their movements. Easily saleable goods have to be replenished often.

What kind of business does it involve? What kind of investments are you experiencing difficulty?