Very interested in being an entrepreneur... who here is an entrepreneur?

[JLGatsby]

Originally posted by: Mwilding
most businesses fail due to lack of initial funding, so take JLGatsby's post with a really large grain of salt.

That is nonsense.

Most businesses fail because they're run by incompetent people. Lack of money may be the "excuse" they have, but the truth is they're incompetent.

 

[Marinski]

Originally posted by: JS80

Originally posted by: Marinski
Whats a small amount of money to start out with? And what businesses can you start with only a small amount of money? Like say i was to try and start a business selling basketball shoes online, how much money would be needed to start this up?

if you're a service business, and you're the only labor, you won't need much starting capital. if you're going to sell basketball shoes, you need a lot of cash because you will have no credit to buy inventory through AR/AP. and with basketball shoes, distributors will have minimum size orders.

Ok, forget basketball shoes. What about selling baseball caps online? I know somebody that owns a sewing machine shop and i may be able to get my hands on an embroidery machine. Only thing is Lidz has a monopoly on this ******.