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Reply to "Starting a hobby shop business"

Start by making a spread sheet of all the things that you know you will need. Assign a value in dollars to each one. Add them up. Then add the things that you forgot or didn't know about yet.

Rent or purchase a place?  Renovate to your specifications for a store:  electrical, plumbing, shelves, flooring, ceiling, HVAC, $100,000.

Inventory? $100,000.

First year's payroll (includes accounting fees, taxes, benefits, business license, etc) $50,000

Website, signage, print ads, flyers, postage, credit card set-up, inventory software, POS system, utilities, insurance, credit line... $100,000.

How does one become a dealer for the major manufacturers? There must be some minimum inventory that you need to commit to.

Do you have a quarter mil handy? If you do, probably a better place to put it is in T-bills and use the interest to buy yourself some trains. If you are planning to teach your parents a lesson, this is the wrong way to do it. Invite your friends over to help build the layout. That will help with social skills.

Like many other business ideas: "How do you make a small fortune selling (fill in the blank)?"  "Start with a large fortune."

OGR Publishing, Inc., 1310 Eastside Centre Ct, Suite 6, Mountain Home, AR 72653
800-980-OGRR (6477)
www.ogaugerr.com

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