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/biz/ - Business & Finance

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16931886 No.16931886 [Reply] [Original]

A friend and I are thinking of starting an anime resell business (sort of like ThinkGeek) with a cafe.
Anyone have experience with similar shops?
Any tips? Things to beware of? Anything will help.
Also this will be my first business, so any tips for a new business owner would be greatly appreciated.

>> No.16932141

>>16931886
up

>> No.16932158

beware of blacks.

>> No.16932180
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16932180

>>16931886
>If its not in a city you wont have customer base to make it profitable
>even with your best efforts you have 20% chance of closing by the end of your first year 50% by year 5, 70% year 10
>doing business with friends and family is cancer unless you have already made it and can stand losing money because your friend/family member is retarded/degenerate and you are too close to see it

best of luck anon

>> No.16932213

>>16932180
Thanks

>> No.16932218

>>16932158
in an anime shop?

>> No.16932280
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16932280

>>16932213
Let me add that the only way to be an entrepreneur is to be a serial entrepreneur. Be prepare to fail multiple times in order to find a formula that works. If you hit something successful first time you will be in the extreme minority.
I failed a few times in food processing, ended up in rental real estate.

>> No.16932357

>>16932280
Thanks again. "be prepared to fail" especially.