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Was this a warning or just coincidence?
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10-21-2009, 02:07 PM
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CefGemYAffews
Join Date
Oct 2005
Posts
423
Senior Member
Once again I agree with Mecca!
When making any major decision, its about doing your homework In business especially. There is a rule of thumb majority of small business, do not start to make a profit right away (not sure what it is now but when we started it was 10 years, becouse you keep building up the business).
When doing your homework it helps to make a list of all the expenses even the ones that you wouldn't anticipate. Repairs, some people leave out utilities, insurances Office supplies. rent increases.. Client tell for the area. tons more! If your looking at a chain store like tanning salons you have to remember there seasonal, and it takes a few years to establish itself also. I know we looking into one as an added business investment once and I wasnt going to get the return I would have expected. It would have taken 7 years, and thats "if" every thing went "perfect" lol
So do your home work and have a good plan, do your best to be prepaired for the unxpected
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