This is my first post. And this is the first website/forum I have found where everyone seems to be positive and friendly.
I live in a fairly small town outside of Tallahassee, FL. Our 2005 population was 29,000 and our new home construction rate is soaring.
I would like to open a party supply store/party planning service in my town. Not anything too big, about 1500 square feet. We do not currently have a supply store, we have to either order online or travel to Tally.
I have done the research, and I believe there is a strong market for this type of store where I live.
I guess where I am getting frustrated is trying to work with SCORE to get help/advice and so far I`ve talked with two different counselors who seem highly concerned that I will not be able to sustain a business with my town`s population. I disagree. It may be small now, but consider that it has grown from 14,000 to where it is now in the past 10 years. The growth rate is even faster now that it is becoming more like a small city, rather than a "one red light town".
The other frustration I am having is with financing. I just don`t know enough about it to understand. Why is it that people keep telling me that in order to get financed I have to put up money of my own? It`s like they are saying people who aren`t worth a lot of money can`t start their own businesses. I`m not trying to get rich here. I am married, have two children, my husband works. I just want to do something I love while still being close by my kids.
I do not have collateral. We have a house and two vehicles, but none of them are paid for completely. I do not have a lot of "net worth". I`m just me, with decent credit and a lot of commitment and drive to do this.
Is there any hope for me? Anyone out there have a similar lifestyle with a success story?
Thanks everyone for reading!