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Buying a LHS
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I own my own business. <br />Don't get a CPA it will cost you more in consult. <br /> <br />My suggestion find some accounting majors, that will be a 5th the cost. <br /> <br />Secondly the internet is almost dead. Most distributors/ wholesalers are now banning ebay store, and electronic items. Secondly, the only way a LHS can survive is to be a multiple hobby shop. Hate to say, but trains just don't cut it. Secondly Model Railroader book listing does nothing, i used and get got me nothing but negative cash flows. <br /> <br />Local hobby shows, are key. Meeting people, the best lure with this hobby is two things you need to constantly think outside the box, and second retailers not working with consumers. <br />The previous Sir, mentioned an execellent point. I had a gent coming in a couple of days ago looking for a wild, inexepensive part, well most people would nopt care about that. Personally I was able to find it and get it for him. Since then hes been back three times and spent over 800 CAD. <br /> <br />Websites need to be creative, ie meta tages, etc. Buy the best package for the dollar, basic sometimes is effective. My MBA Ecommerc prof disagrees, the cost factor is huge. <br /> <br />You need to maximize all distribtuors/ wholesalers <br />find a master list of man. and then their corresponding partners. <br /> <br />Lastly, I repeat never, charge a customer in advance. That customer will be offended. Unless its on rare items ie brass. <br /> <br />Maximixe your 30 days Net window. <br />Never heard of buying on margin. <br /> <br />Thats, my two cents. <br />My creativity has caused one retailer to close, sorry to say it. Adaption is key to survival. <br /> <br />Later <br /> <br />
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