View Single Post
quattrorunner quattrorunner is online now
Brando
 
quattrorunner's Avatar
 
Join Date: May 2006
Location: St. George Utah
Posts: 6,510
Garage
Business help please

I have a retail location which I've held together through tough times and it has strengthened and done pretty well (at least it's still open).
I have an opertunity to get involved in a business like to mine across town but in a better location, mines not great but paying bills.
I can get more sales at this new location and higher end sales at that. Overall it's a great opertunity for advancement.
I have employees I could repurpose and management help there as well. I do technical work at my current location and can do the work for the new location and easily suck up that need.
It's smaller sq ft so I wouldn't be able to close my first store and move it there it's just not big enough. I could close my current location and do work from a satalite shop if need be but then I feel I'd be wasting money as I still make sales I'd loose doing that.
I feel like I can't pass this up. I'm only 45 so it's a good time for it.
So my option really is to have both stores and run them both with the help of some skilled employees I trust. It's not expensive, I'd need more inventory for the new store that I don't have, and I think I could figure that out as well.
What am I forgetting?
It's a Jewelry store and we do everything. I do lots of trade work for locals in the industry.
I'm not the brightest bulb but smarter than most the duds out there. What am I missing?
I hate big gambles but also don't like missing the boat.
__________________
Turbo powa!
1977 911s. it's cool
Old 10-01-2014, 02:48 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #1 (permalink)