I have been in the process of opening a small boutique beauty supply store. I have a very unique opportunity in my area to have space to sell my product in a high traffic area that just so happens to be a draw for the customer base I am seeking out. In addition, the rental situation is a sort of pay as you go situation. You only pay rent for the days that you are there and the rent is dirt cheap!
My plan though had to be rethought after I took a long hard look at my financials. I simply won`t have the money to purchase the items I need. So I started thinking, how can I get the money to do this? Perhaps I could sell something else...something that I could make for cheap and sell for a decent profit...hmmmm One of my hobbies is making bath and body products. I never really considered it to be a business option. I couldn`t tell you why, accept perhaps there is still for me at least the financial barrier currently. But now with this new retail opportunity available to me, I think it just might be profitable to reconsider.
It would mean at the least, that I could start up my business within a few months! I could afford it, I could grow at my own pace, and I could keep my 9-5 until I have saved up enough money/repaired my past credit errors, to open my store and feature my very own products along with others.
I guess I am saying all this because I want to hear from others what you think of my idea. Is it sound? My initial investment would be under $500 and I have even started figuring the pricing per item of what I will sell. BUT I still want to open my BBSS! That is what my true passion is for. To me this seems like a productive way to make this dream come true. What do you all think?