posted on Jan, 26 2019 @ 02:57 AM
I own two companies. Be prepared for long long days (and nights!) Never invest all the capital you have at your disposal, always keep a fair chunk in
a personal account. It can be very tempting to over invest and purchase bulk stock for better discounts from suppliers - Don't.. If you find one or
two products are not as salable as you anticipate you will end up with a ton of dead stock. Test the water first with a good variety of different
products. Find what sells best, even if it's a lower profit margin. Sales are sales and turnover is key for any retail business.
As stated a good accountant is key to your success. All the best with your new venture!