Posted by 135 Fan on January 25, 2008 at 17:57:55 from (68.149.41.128):
In Reply to: New farm store posted by rrlund on January 25, 2008 at 11:32:18:
The bank will want a very detailed business plan and it's good for you to have one. Free coffee isn't free for you. Anybody will show up for free coffee. You need repeat paying customers to show up. Most farmers don't have a lot of time to be sitting in the coffee shop drinking unknown amounts of free coffee. If another feed store closed and a dealer, you need to really consider if you'll have enough customers to make a go of it. You also might have to work for free for quite a while until you get established. Good employees will want good wages. I'm not trying to discourage you. Just trying to advice you to really do your homework before jumping in with both feet. I belonged to an off road motorcycle club for over a decade and did most of the track work for them. I charged about a 1/4 of what the work was worth. I bought land to set up a track because a lot of places are being shut down. I am very dissapointed that the club I belonged to for years and worked very hard for, has done very little to try to support my track and help me get established. This is despite myself helping them out when they lost a track and had to have a meeting with the county in order to get it back. When they got it back, I even volunteered my skid steer for a day at the work party to fix up the track. The reason I tell you to do your homework is from experience. In my case, there is a huge demand for places to ride but when the biggest club doesn't really want to acknowledge you, it makes it all the more work to get established. Dave
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