opening a LFS

[blackhawkpowers]

Well the title says it. I am considering opening up a LFS here and I was wondering if there were any owners that frequent this forum with some advice on what to keep my eyes open for. Also for any ideas from the members of things they would like to see other than good/healthy selection and low prices

 

[aspear]

there are 3 or 4 threads on thisin this section recently.
look around

 

[banjocat]

I really like oddball fish. I don't know how profitable they would be though. Unless you know that you can draw in the people, who would be interested in that kind of thing, most of your stock would probably need to be common fish. If the LFS's near you mostly sell common fish, you might be able to get away with selling more unusual fish. Your shop might become known as the place to get the rarer/more unsual fish.

 

[Druu]

If you don't have a degree from a reputable four year college, don't waste your time.

 

[xiahaolong168]

If you don't have a degree from a reputable four year college, don't waste your time.

well...thats untrue...I have a lfs by me and the owner barely speaks any english. He's very successful though. His house is huge and he has a huge fishroom for breeding discus.

 

[nuggets]

If you don't have a degree from a reputable four year college, don't waste your time.

4 year degree doesent mean squat to open a fish store!!!!!

 

[le patron]

i'd personally like to see more pbass, some rays, and less common piranhas

 

[Goanna]

If you don't have a degree from a reputable four year college, don't waste your time.

While taking some business courses cant hurt, if you have common sense and the ability to do your own research and planning before you delve into anything, there's no reason someone without a college education cant open a business.

 

[Druu]

Unless you have funding already, good luck getting a loan from a bank without a degree. Xia, I agree that a lot of the owners in Chinatown have moderate success, but that's because they've been established for a while. Even with all their knowledge, a bank would not give them any capital, especially in this economy.

 

[krichardson]

Good points,I thought about looking in to it whenone one of my favorite stores closed down but I dont know what they did wrong to cause them to shut down they have been around seemingly forever and they seemed to do a good business but one day the place was locked up and days later,they were emptying the place out.I guess location is important,you dont want to be near the big box stores but then you dont want to be in a remote area where there are no other stores to help attract customers.