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en·tre·pre·neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
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Old 11-27-2007, 10:01 PM   #1 (permalink)
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Given it thought think ima go foward with it

Ok I giving it alot of thought about what I want to do. I think I will go foward with my business and presue what I want to do and that is be a major retail in the market. I think its alot of money to be made in the retail business even with the big retailers out there. There is always room for the little guy like me but I don't plan to be the little guy very long. I think my business will do good its first year I have my plan all worked out. Ive Signed up with the BBB, Pricegrabber, Cnet, Froogle, SquareTrader, Scan Aleart, Verisign, SEO Marketing, And also plan on Paying big blogs to drive more traffic to the website.

I think i got a good chance to be come sucessfull all you need is the dedication and determination. I know it will be a hard road to face but im willing to take face it and overcome any obsitcal i may face. I plan to offer the best prices regardless of what profit I make, Id be happy to make 15-20 dollars profit but I will be known for the best prices and best customer Service. I just want to know what you guys think and feel about what I am trying to do. Like I said I am 19 with alot of goals so your advice and opinions matter alot to me, Thanks
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Old 11-28-2007, 01:03 AM   #2 (permalink)
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I guess all there is to say is, "Good luck." I'm sure this will be a very eye-opening experience.
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Old 11-28-2007, 07:39 AM   #3 (permalink)
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Quote:
Originally Posted by ahwoogah View Post
... I think my business will do good its first year I have my plan all worked out.

.... I plan to offer the best prices regardless of what profit I make, Id be happy to make 15-20 dollars profit but I will be known for the best prices and best customer Service.
Great to hear you have ambition, but do make sure your plan is as rock solid as you think it is. By the sounds of some of your comments, I would disagree that you will be successful with what you have so far. Comments like '...I plan to offer the best prices regardless of what profit I make..', do scare me quite a bit, profit is king in business, if you aren't making profit, whats the point?

Also, you shouldn't measure profit in $$, measure in % as it gives more flexibility in the future and across your figures. For example, if you sell something for $20 and make $10 profit, thats a 50% profit, however if you sell something for $200 and still make $10, thats only 5% profit.. it is important that you set good profit margins, or you could be better off putting your money in 5% interest savings account.

Good luck, if you need any more advice drop me a pm.
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Old 11-28-2007, 02:39 PM   #4 (permalink)
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It sounds like you have a great plan in place. I would be cautious of paying for traffic. I have read time and time again that these types of programs do not work and are basically scams.

Good Luck, just watch your back and do your research before you purchase anything.
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