Business Venture

Business Venture

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June 21 , 2008

Books are an important part of a person 's life , to some people books are their companions and to others a way to spend time . During a year 130 ,000 new or revised versions of books are released . So when opening a bookstore one should find the right place to open a store and sell the right kinds of books . A used book business can be as a business where all

kinds of books old , used and even books in bad condition are sold And where the bookstore even buys old books from it customers to resale them again

The bookstore that we want to open would be called Reread It . My two partners and I would start up the business . The bookstore would be located near the State University and the area it would cover would be somewhere around 2000 square feet and the store would be leased . The bookstore would contain fictional books , children 's literature non-fictional books and textbooks as well . This bookstore will be a buy and sell place , where the books would be old or used or second hand would be sold but it would cost our customers less than they mostly spend . The books would be purchased from garage sales or from estate sales or from online purchases or could buy them from the customers who want to sell their books

Apart from buying and selling books the customers will be provided with something extra , which other bookstores in the vicinity do not provide and that would be for example if a customer is looking for a particular book and is not able to find it , Reread It would locate that book for the customer free of charge and provide it to him or her for a reasonable cost

My partners and I would be contributing 10 ,000 each for starting up the business . After going through everything that would be needed or acquired we found out that we were only 30 ,000 short from the start up capital goal . The plan is to go to the banks and ask for loans or grants , whichever the bank can provide us with . The expenses that would be incurred would be : furniture 15 ,000 , merchandise 25 ,000 other miscellaneous expenses like rent , electricity etc would be another 20 ,000

Now that there is a vision and what kind of business we want , we just have to tend to some legal issues at hand like to have a formal partnership i .e . everything should be written down and in and signed so that in future there are no problems arising . The second legal matter is that to register the name of the store to make sure that the name is not already taken up and also to make sure that it would not be duplicated without the permission from the owners of the business . Then there are...