Starting my business and .........?

[Aimee]

Im wanting to start my own jewelry shop and dont have any money at all.And would like to open it up by next november
please help!

[Jake]

Sorry but that sounds unrealistic, with the cost of inventory, initial rent payments etc. combined with te uncertainty of a new business surviving.

Perhaps starting small like selling at flea markets or some kiosk may have a lower cost of admission.

You might get the feel for wholesale supplier cost for basic jewelry, like from China at the massive Alibaba.com marketplace.

[Jo W]

What help do you expect...?

Either earn/borrow money or accept it isn't going to happen.

[Bilbo]

By jewellery I assume you mean gold, silver etc and not the home made friendship bracelet type of jewellery. If so you, it might be worth seeing if you are entitled to some kind of business grant.

UK Business Grants/Finance:
http://www.startups.co.uk/grants-for-sta...iness.html

There's always the high street banks if you have a decent business plan in order to present to them.

You might want to consider getting yourself a CCL - Credit Consumer Licence and offering a pawn service, this is also a good way to acquire cheap stock should customers not continue the payments as the jewellery will become your own inventory.

Don't give up on your business idea, just make sure you have a good business plan.

[Derek]

Hi! I think that this can be a possibility to start your business by November, but you will need to focus on everything you need to open it up from now until then.

The first step you take to starting a business is getting the license and permits to officially call your idea a business. This does cost money up front but it is only around a $100 to $200 investment. Since you don't have any money up front you should ask people you know if they can provide an investment into your idea so you can start it up and then you can pay them back once you start earning money. Which is in more detail on the third step.

The second step is making a business plan which is a written document that outlines what you want out of the business, and it also tells others how you expect to see your financial success within the first year. You can also make it a more detailed plan by making a business plan for 5 years, but since you are in a hurry you should probably stick with a one year plan.

The third step is finding money to buy the inventory, the space, and all the other assets you need to operate you business. The best type of funding you can get is from investors, and you will use your business plan from step two to persuade investors to let you borrow money from them. You can set up a specific arrangement with the investors when you speak with them on how you will start paying the investment back.

Once you have your business legal, a business plan, and investors that help fund the organisation you can start buying inventory and setting up shop to open.

I hope I have answered some of your questions! Feel free to visit my website at https://sites.google.com/site/outsourcesphere/