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Teen trying to start a Sporting Goods business

    • 2 posts
    March 27, 2007 9:26 AM EDT

    I am a teenager in a ROP class with a project to start up a Sporting Goods store and I need some information. My group sellected me to be the CEO and i need information on how to start it up

    • 2 posts
    March 27, 2007 3:18 PM EDT
    Thank you very much for your help
    • 154 posts
    March 27, 2007 9:36 AM EDT

    Easy!

    Define your competitive advantage over other stores.  Research the need in your proposed area.  Obtain financing.  Get the goods.  Train the staff.  Grand opening.  Retire to the Bahamas and count waves. 

    MNGrillGuy2007-3-27 14:41:16

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    Travis Tschepen
    Hibachi Bros. LLC

    --My goal in life is to be as good of a person my dog already thinks I am.--

    • 40 posts
    March 27, 2007 3:06 PM EDT
    If you want to be sure to get an `A`, do all of the above and then add in a couple of extra`s: business name and logo, and trademark it. Think about workers comp and general liability insurance. Employee benefits would be a nice touch. If you are a CEO then name a VP of Finance, Marketing, Buying, Human Resources....depends on how many people are in your group. Don`t forget the business license, Federal Tax ID, State Tax ID. Think of how you want to structure your company (Corporation, LLP, Sole Proprietor) make sure you file papers whatever structure you choose. None of this would take very much work but they are details that your teacher may be looking for. Good Luck! Let us know how it turns out.

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    Sharon Murphy
    Owner
    Northwoods State of Mind, Inc.
    NorthWoods