Distributor Business

[ggiese]

All of the advice has been appreciated so far and yes this is a hobby of mine. I'm a firm believer that you can start something as a hobby and grow it into a successful business. When the time comes where it becomes more than just a hobby I would take the necessary steps to expand and accomodate the demand by creating more overhead if it makes business sense (profit margin growth).

I understand Rome wasn't built in a day and it takes time, superb customer service, and demand to grow anything. I'm comfortable with that.

I don't think you need " Hundreds of thousands" of dollars to build your hobby from the start if your strategy is solid.

Geez... I hate to rain on your parade, wyatt...

You ask the members of this community - sight unseen - for advice with licensing, etc. This would seem to indicate that you don't know what you should be doing with licensing, etc. You want to eventually develop a "Thompson" sized business, yet you are intent to do it starting from your basement? Aside from you seeking business advice from a cigar board - what have you done to develop your overall business plan?

I don't know what the specific stats are (I'm sure they're out there somewhere) - but I can tell you from personal observations and experience that what you're planning on doing is far more likely to fail than succeed. As a matter of fact - I'd suggest the failure rate is well in the high 90% range. It sounds as though you're already getting way over your head - and you haven't even started up the business.

I wonder if Young Forbes still stops by. Perhaps he can set you on the right path to financial success.