Starting a New Business
I do not believe I need to tell anybody that this economy is tricky and many folks have been having a fairly hard time. I lost my work about four months back when the company where I was employed closed down 2 of their production lines and my bro in law, Barney got his pink slip last month when his company commented that they were closing the doors forever.
Both of us had spent a fair amount of time and effort on the lookout for new jobs but with absolutely no success. However, we were clear on the fact that we still required income to pay our bills and support our families so Barney and I determined to go into business on our own.
We had no clear idea on what this business would be as my only real skill and experience was in producing washing machines and Barney had worked as a QC inspector at a candy plant. However, my young neighbor convinced us that rap music, rappers and that hip hop approach to life was the hottest expansion trend in our culture today. Now I must admit that both Barney and I agree that the entire'rapper scene' is just plain dumb but if it makes money then who are we to argue.
Somehow we decided to go after the jewelry segment of the hip hop market with the plan that we could start off rather small and just offer our stuff for sale at flea markets until we could afford to open a real store. So, our next task was to find a wholesale hip hop watches outlet.
We quickly discovered we had a significant problem in that we were a new business with no track record and no credit history which implied that nobody would sell us any inventory excepting cash. They were all extremely mannered to assure us that credit terms would be possible after we were established but it was all going to be COD at the beginning. We started scrambling then to find no credit check cash loans.
Well, we finally got our funding together. Not really as much as we wanted but enough to at least buy some starter inventory and get the project rolling and we had also found some promising wholesale outlets that we believed we could deal comfortably with. However, none of these wholesale sellers was in out city so we were going to require to travel which meant making airline and hotel reservations.
Getting the airline reservations was very easy and most of the hotels now subscribe to a hotel internet marketing system with online reservations that made dealing with them also pretty simple.
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