Starting a New Business

I do not believe I must tell anybody this economy is troublesome and many people have been having a pretty tough time. I lost my position about four months ago when the facility where I was working closed down two of their production lines and my bro in law, Barney got his pink slip last month when his company commented that they were closing the doors forever.

Both of us spent a fair amount of time and energyon the lookout for new roles but with absolutely no luck. However, we were clear on the fact that we still needed revenue to pay our bills and support our families so Barney and i decided to go into business on our own.

We had no clear concept on what this effort would be as my only real skill and experience was in manufacturing washing machines and Barney had worked as a quality controls inspector at a candy factory. However, my young neighbor convinced us that rap music, rappers and that hip hop lifestyle was the latest expansion trend in our area today. Now I must admit that both Barney and I agree that the entire’rapper scene’ is just plain foolish but if it makes cash then who are we to argue.

Somehow we made a decision to go after the jewellery segment of the hip hop market with the plan that we could start off rather small and just offer our stuff for sale at flea markets until we could afford to open a regular store. So, our next task was to find a manufaturer hip hop jewelry outlet.

We quickly discovered we had a serious problem in that we were a new business with no track record and no credit report which implied that nobody would sell us any inventory excepting money. They were all extremely mannered to reassure us that credit terms would be available after we were established but it was all going to be COD at the start. We started scrambling then to find a fast cash loan today.

Well, we finally got our money together. Not especially as much as we wanted but enough to at least buy some starter inventory and get the project rolling and we had also found some promising wholesale outlets that we presumed we could deal nicely with. However, none of these wholesale vendors was in out city so we were going to want to go which meant making airline and hotel reservations.

Getting the airline reservations was very easy and most of the hotels now subscribe to hotel GDS that made dealing with them also pretty simple.