Soda Shop
When I was young, probably around nine or ten I started a business. I loaned money from my parents to buy 12 oz. soda in bulk and sold it for a 100% markup (50 cents a pop I bought them for around 25 cents each). I loaned the location (my parents driveway, rent free) from my parents and the display necessity, a fold out card playing table. So, with no money down on my part, and little investor capitol I started a business that actually did pretty well. I sold probably around 20 cans a day on average and with the gains I would reinvest them into more soda pop and even candy and some small toys to sell. All in all the business was doing well, I printed signs that listed prices and posted them around the neighborhood with the location and times of my shop. If I had continued in that vein for the rest of my life I would probably be incredibly successful now. I had all the things right for a small startup company
1. The idea, sell product at a good price in a convenient location.
2. The storefront, with a good price on rent, good location with all the necessary parts to run my specific business.
3. Investor capitol, like I said I put no money into the venture so when the business failed (after parents and family started telling me it would never last and that it was a stupid idea) I lost no money and neither did my investors (they got their money back shortly after opening).
Notice that I was selling a product, but it was actually a service that was my business. I didn’t manufacture a product or make anything. All I did was retail a product that I had access to at wholesale and made a decent amount of money for a 9-10 year old.
April 16th, 20083:55 pm at
Lies, Slander and Libel!!!!
I never said it was a stupid idea, I said if you keep drinking your product so much you won’t be able to keep profits up enough to buy more product… nub.