Disable and looking for pointers

 

Thanks for supporting our news site
by shopping our easy click ads

Disable and looking for pointers

For the past three or four years, I’ve been working on my plans to start a business as a resale shop specializing in goth/punk/alternative clothing and household items. I know it seems a little unusual, but there is a very large market for these things in my area and there isn’t really a business that caters to it. I’ve done extensive research on startup costs, and have slowly been gathering resources to mitigate those costs. I have literally thousands of large and small items to be used as stock. I have some of the furnishings a store would need, a good amount of the operational incidentals (anti theft tags and removers, price tagging machines, etc), and I have personal contacts who can either directly acquire or have connections that can acquire most, if not all, of the other things I’d need. And I’ve managed to do all that on a very, very small budget.

My issue, and the issue generally facing people looking to start up a business, is that last bit of start up capital. As mentioned in the title, I’m disabled. Specifically, I get SSI, which means my monthly income is about $800. I come from a fairly poor family, so no one has the money to invest, and at that income level, no bank that I’ve spoken to will give me a loan. I’m at a standstill because there simply doesn’t seem to be any options or resources available. Any suggestions would be appreciated. Thank you in advanced.

Disable and looking for pointers

View Reddit by nietzsches_laughterView Source

5 Replies to “Disable and looking for pointers”

  1. Can you start out online versus a physical location? That would allow you to build a brand and start getting some revenue you could later leverage into a physical location.

  2. I’m not 100% sure about disability laws, but i believe there is a certain amount of side money while still being covered before you go full time with the shop. Is there any way you can pick up some side gig you can do from home? Home based help desk? Maybe freelance writing? Just to save up the money? It might take a year or two but progress seems to be better than none.

  3. You do what we all do when there’s no money :). You figure out how to do it with no money.

    Look at the stuff that costs money. By the looks of it, you’ve got a decent inventory already paid, but your biggest expense is retail space? Then don’t do retails space. Do it online. Set up a low cost website. Spend your day taking pics of inventory and getting it online. Figure out craiglist and email marketing. Put your time in instead of your money.

    Then when things get pumping, start setting aside money until you have enough saved to fund whatever it is that you want to do.

    Repeat for anything else that costs money – do a poor-persons version.

    You really should do it that way even if you did have the money.

  4. Read The Lean Startup by Ries. Take it to heart. Start small and with minimal investment. You can have dreams of a large brick and mortar shop but hold them loosely. See where the market wants you to go instead.

Comments are closed.