How did you get a business started?

[无名的]

you sell on ebay right? quick question, how much of a factor does your location have on buyers buying from certain sellers? given 100% feedback

I don't know if I'm understanding your question, but if you're asking do buyers prefer to buy from sellers who are closer to their location, I'm assuming for the sake of faster shipments, I'd say I guess that could be a consideration. Priority Mail is typically pretty competitive though and you can use the post office to get packages across the country in 2-3 days. Buying from someone within your state is also garbage because they're supposed to be charging sales tax, while out of state sellers don't have to. I'd say with a good track record, the buyers number one consideration is always price. People are cheap as hell.

 

[cheek100]

write your own business plan.. that or be extremely involved in the creation of YOUR business plan
theres no substitute for experience
be hands on

 

[Cynic]

Does your business require financing? Then, you'll need to create a business plan. The business plan describes everything about your business, what it is, what you are going to do, who your competitors are, what market research you have done, what you are going to do with the money, how are you going to pay it back, where is your business going to be in 2, 3, 4, 5 years out.
A lot of people have no business plan, just a business idea. They never get financing the first time around. A faulty business plan is a failure waiting to happen. For example, lying about market research. 90% of people have said they would purchase a re-manufactured fleshlight where market research was an informal poll done on the coli. Or, lofty goals with no basis, we expect sales to increase to 1 million in one year based on dreams.
Sometimes, it is good for a bank to decline a loan because they see the business plan for what it is, complete trash. The entrepreneur can take that two ways, 1. ways to improve the business plan, or 2. not listen to opinions and criticism of valid concerns.

80-90% of businesses fail within 18 months, 90% of those won't survive till the 5th year and 90% of those won't survive 10....and less than 90% of those will make $ 1 million

Having a business plan doesn't insulate one from failure.... You don't need financing to start or even buy a business....

Banks are about managing risk and increasing return.....what % of loan officers have successfully started and ran businesses ? :pharrell: