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Advice on Opening a Game Store!
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<blockquote data-quote="Silver Moon" data-source="post: 1144300" data-attributes="member: 8530"><p>Back in college a friend of mine decided to open a gaming store. I was just starting to take a class in Small Business Management, where we had to do a full business plan of a hypotetical store. I took his idea, researched it, and developed the plan. It included both best and worst case scenarios, and the "best case" indicated that he wouldn't break even until the 4th year, which was far longer than his fiance would have had the patience for. </p><p></p><p>He still went into business, but opened a Karate studio instead (his other hobby), starting part-time with leased space and not buying a storefront until he and his wife could actually afford it. He's now very sucessful, with hundreds of students. He also has a successful and happy marriage, with two teenage sons. So I guess what I'm saying is DO LOTS OF HOMEWORK before you start and make sure you have the full support of your family. </p><p></p><p>BTW, my upstairs tenant works as a manager at a pair of comic book/sports card/gaming stores in southern New Hampshire and they have been having a real had time making ends meet these past two years, and they've had a sucessful operation for nearly three decades. The current economy is NOT the best time to get into a business that is a luxury item rather than a necessity. So if you are really serious about this you may still want to wait a bit longer.</p></blockquote><p></p>
[QUOTE="Silver Moon, post: 1144300, member: 8530"] Back in college a friend of mine decided to open a gaming store. I was just starting to take a class in Small Business Management, where we had to do a full business plan of a hypotetical store. I took his idea, researched it, and developed the plan. It included both best and worst case scenarios, and the "best case" indicated that he wouldn't break even until the 4th year, which was far longer than his fiance would have had the patience for. He still went into business, but opened a Karate studio instead (his other hobby), starting part-time with leased space and not buying a storefront until he and his wife could actually afford it. He's now very sucessful, with hundreds of students. He also has a successful and happy marriage, with two teenage sons. So I guess what I'm saying is DO LOTS OF HOMEWORK before you start and make sure you have the full support of your family. BTW, my upstairs tenant works as a manager at a pair of comic book/sports card/gaming stores in southern New Hampshire and they have been having a real had time making ends meet these past two years, and they've had a sucessful operation for nearly three decades. The current economy is NOT the best time to get into a business that is a luxury item rather than a necessity. So if you are really serious about this you may still want to wait a bit longer. [/QUOTE]
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