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Looking for Mentor and Potential Investors For Outdoor Sports Retail Store

Veteran

Samuel Comer Fayetteville, WV

I am a service connected veteran small business owner looking assistance to expand into the Outdoor Sports retail business. My plan is to open a custom hunting and fishing retail store that caters to the everyday sportman as well as the high end profesional guides and sportsman.

I have contacted a distributor for Lamiglas, South Bend and other retail products for retail stock and I plan to include my own hand made custom goods as well as other local custom made products for sale as well. This would include custom one of a kind fishing rods, fishing nets, fly wallets, knives and similar products.

The only competition within 40 miles is Walmart, Dicks and Dunham's Sporting Goods stores. All 3 of these locations only carry a limited selection of equipment and no custom made products or professional products. There is a Cabela's store approximately 60 miles away from the planned location.

I welcome any assistance that is offered in this venture.

Sincerely,

Sam Comer

5 June 2013 10 replies Small Business

Answers

Advisor

ALAN KARLIN Valley Stream, NY

WHERE ARE YOU LOCATING THIS PROPOSED BUSINESS?

Advisor

Tim Rescigno Lewisville, NC

Email any questions on space management, sales generation, margin enhancement, and expense control to trescigno@jetstreamxpress.com.

Tim

Veteran

Samuel Comer Fayetteville, WV

Thanks for all your help Thomas. I had not thought of the tech strategy for my business plan. I will update you on how repayvets.com works out.

Advisor

Tom Cal, CFA San Francisco, CA

Re repayvets.com, please let us know how it progresses and what you think of the firm.

Re SCORE, if a suitable face-to-face mentor is not available, also pursue remote mentoring that SCORE offers via phone, email, video-conferencing, etc The quality of mentor is mixed, so be sure to pursue a suitable mentor for your project.

Advisor

Tom Cal, CFA San Francisco, CA

I'd incorporate and weave a "technology strategy" into your business plan ... back-office, inventory management, pricing, web, mobile, social-media, customer-tracking and outreach, blogs, eBay, Google Shopping, etc. Many of these will overlap with operations, sales & marketing, etc.

Veteran

Samuel Comer Fayetteville, WV

I have started my business plan and I am considering crowdfunding using a veteran run site www.repayvets.com.

Thanks for all of you help!

Sam

Advisor

Tom Cal, CFA San Francisco, CA

Maybe consider one of the "crowdfunding" sites? e.g. kickstarter, etc.

Or a wealthy customer or potential customer, or a group of customers?

http://www.hongkiat.com/blog/crowdfunding-sites/

Advisor

Tom Cal, CFA San Francisco, CA

Do you have a business plan?

Veteran

Samuel Comer Fayetteville, WV

Hi Thomas,

Thanks for your suggestion, I have applied to SCORE and have attended a small business fundamentals class put on by the state of WV. I am waiting for a reply from SCORE and have applied for a small business Patriot Express loan. I am currently looking for funding to fill the gap until my loan is processed.

Sincerely,

Sam

Advisor

Tom Cal, CFA San Francisco, CA

SCORE.org can possibly provide mentors, help you write a business plan, and learn more about financing options, etc.

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