danedodger
Member
Sorry! Basically a double post, please ignore (but thanks to the two that beat me to this edit and answered already
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How much would you invest...
- Thread starter danedodger
- Start date
rberhow
Active Member
Hmmm, I have 5 bucks to my name right now till pay day so maybe not much. Seriously, I would have to see their financial plan, market research and all that jazz. You can have the best business in the world, but if you have no idea how to keep the books or don't have a good consumer base in the area, it won't amount to much.
danedodger
Member
ACK!!!!! I'm so sorry! This was not the completed post! I must've hit something strange. Thanks for the answer, rberhow, but please ignore this post. Maybe a moderator could delete this one for me?
oficedepot
Member
i would invest in a drinking water company.
darth tang
Active Member
Originally Posted by DaneDodger
How much would you be willing to invest in a LFS (or would you invest at all) that offered knowledgable, honest, caring employees dedicated to making the hobby better instead of a fast buck, fast, friendly customer service, good selection, good prices, the very best husbandry practices, and a variety of services (in short, a DREAM of a LFS!) knowing that you would not see a return on your investment for at least several years and then only if the business succeeded?
I know investors are the easiest way to gain capital to start a business, but I do not recommend this. As investors, they will want a voice in your business and how it is run. Silent partners will be hard to find and might not agree with your practices. Their whole mind set as partners will be profit versus fish care. Plus then you are giving themn back a percentage and will take a lot longer for YOU to see a profit.
How much would you be willing to invest in a LFS (or would you invest at all) that offered knowledgable, honest, caring employees dedicated to making the hobby better instead of a fast buck, fast, friendly customer service, good selection, good prices, the very best husbandry practices, and a variety of services (in short, a DREAM of a LFS!) knowing that you would not see a return on your investment for at least several years and then only if the business succeeded?
I know investors are the easiest way to gain capital to start a business, but I do not recommend this. As investors, they will want a voice in your business and how it is run. Silent partners will be hard to find and might not agree with your practices. Their whole mind set as partners will be profit versus fish care. Plus then you are giving themn back a percentage and will take a lot longer for YOU to see a profit.