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    Adventures with Corndog: Corndog's Fish Store

    Here's some pics of the tank in it's new home. Tank was custom made in Vietnam and hand carved and imported over here. I then bought it and it's now in my store. Dimensions are 77x32x32
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    Adventures with Lyrical: Buying a Business (REPOST)

    I'd run the other T.V. Ad. It obviously brought in 6k. You've got nothing to lose really. What if you find out 6pm slot is the best slot to be advertising on?
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    Adventures with Corndog: Corndog's Fish Store

    Picking up a 340 gallon aquarium today for the display tank at the store. Hopefully I'll upload some pictures of it tonight shoe horned into it's space.
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    Adventures with Corndog: Corndog's Fish Store

    I will probably add that to the bags. I'll have to check the price on small lunch size bags.
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    Adventures with Corndog: Corndog's Fish Store

    I'd say the person I'm hiring is an aquaintence. He was the fish room manager of another pet store for 5 years. That business went under about 8 months ago. They were too heavily invested in dog toys, novelty gifts, holiday cards etc. The fish room was thriving and carrying the business. It just...
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    Adventures with Corndog: Corndog's Fish Store

    Not yet. My store literally doesn't have a sign over it yet lol. It's on the list to do at this point. My first employee starts on Friday, for 2 days a week, Fri/sat. I'm hoping this lets me work more on my business instead of in it.
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    Adventures with Corndog: Corndog's Fish Store

    I do have a website that was done by a professional in trade for fish :P It's very similar to this:http://greenleafaquariums.com/ I plan to use Yelp for free. Offering a deal in my line of work doesn't really entice people. It'll make customers you already have buy the deal... But people...
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    Adventures with Corndog: Corndog's Fish Store

    I've got 7 Yelp reviews now. 5 of them are being filtered. Dissapointing as they're legit, but the people have only reviewed me on there. Kinda sucks that I've impressed them enough to leave a 5 star review, but since it's their first review on yelp, it's been "filtered". On another Yelp...
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    Adventures with Corndog: Corndog's Fish Store

    Lowest producing day so far. $98 As for someone stealing my business. It could happen. However in livestock it's purely about how good you are with keeping stuff alive. In general fish stores better the more they are clumped up, because the shoppers shop them all and you become a destination...
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    Adventures with Corndog: Corndog's Fish Store

    There were a couple of people who spent 100+ but I had 24 transactions to break 1100.
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    Adventures with Corndog: Corndog's Fish Store

    Friday Sales: $344 Today: $1112.60 - First day to break 1k.
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    401K loans? good option?

    Just because you have your series 6 & 7 doesn't make you a good financial adviser. You're telling me it's sound financial advise to take out a loan against your retirement to buy a second vehicle at 20k? Instead of, just sharing 1 car? Or buying a second car for 1k or less? OPs problem is...
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    Adventures with Corndog: Corndog's Fish Store

    On Tuesday I got insurance for the business. $572 a year. Yesterday's sales were $588. Talked to a guy who I wanted to be my first employee. Looks like he'll start next week Fri/Sat for a couple days a week at this point. Meeting with a CPA for taxes/payroll questions etc today. I'm the...
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    Adventures with Corndog: Corndog's Fish Store

    $383 yesterday. $528 Today
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    Credit Card Processing in a Small Business

    I went to my bank etc. The rates couldn't compare to square. Here's some of the tactics by chase.http://www.bestmerchantrates.com/no-...-tier-pricing/ Also don't forget the $10 terminal fee each month. And the 7.50 fee for getting a statement each month. etc. Also the fee per transaction. 23...
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    Credit Card Processing in a Small Business

    its 2.75%. No matter if they use visa/mastercard/discover etc. No matter what rewards program the card is etc. so If I charge 1000 dollars. They keep 27.50 of it. No other fees at all.
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    Credit Card Processing in a Small Business

    So far a month in. I love square. I can take any card, it's all the same to me. People actually like using their rewards cards to pay for stuff. I just build in the 2.75% into my prices and offer a 3% discount for cash if they want it. So far I have no complaints. I've put roughly 3k...
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    Credit Card Processing in a Small Business

    I use squareup.com It's a flat 2.75% and works on any smart phone or IPAD with an internet connection/GPS. iness The thing to research for your specific business Lyrical is the transaction caps. Some of them only let you do like 10k a day until you prove you're a legit business etc. It's to...
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    Adventures with Corndog: Corndog's Fish Store

    Yeah I realize that closing for 4 days is not in any way optimal. However some major construction will be done at that time as well. The other stands that need to be put need to be anchored to the concrete floor, and each one is bullseye leveled. This process took 3 days last time. Most of...
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    Adventures with Corndog: Corndog's Fish Store

    I'll be out of town for 4 days. 1 of which the store would be closed anyways. The person I want to hire is also going to that show with me. But yes I realize the need for part time help at this point.
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    Adventures with Corndog: Corndog's Fish Store

    Here's a pic of the storefront currently.
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    Adventures with Corndog: Corndog's Fish Store

    I have access to many plant breeders as I call them. I have lots of plants that are very hard to find. I also can buy plants from different fish wholesalers, but have heard good things about aquariumplants.com so I setup a wholesale account there and placed an order for this week. As for...
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    Adventures with Corndog: Corndog's Fish Store

    I think you're right and that it can be very easy to get store blind. I'm very focused on getting things in to sell etc right now. But I think this thread and talking it out can help with that. As for targeting new customers, I do need to devise a plan. Once they are in my store, they're mine...
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    Adventures with Corndog: Corndog's Fish Store

    Yeah location is huge. Has much more of an impact than I expected. I have a huge parking lot, that is never too full to use. It's amazing how many times in just being open about a week, that people have mentioned how nice it is to just find parking.
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    Adventures with Corndog: Corndog's Fish Store

    Did $457 in sales today. As far as further promotion. I'm handing out gift bags at the big club auction coming up in April. Usually 300 people show up, 200 of which are not club members. The reusable totes I got donated by Hikari, Also there will be food samples in it. I'll have a business...
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    Adventures with Corndog: Corndog's Fish Store

    Today: 852 in sales.
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    Adventures with Corndog: Corndog's Fish Store

    This is true, but most of them don't provide a free point of sale system that looks sleek like an Ipad system. Most want to "rent" the pos each month etc. But you're right, if there is a time where my sales justify it I could definitely switch. Not a day goes by that I don't get a call from a...
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    Adventures with Corndog: Corndog's Fish Store

    they are totally free. that is what makes it so great .
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    Adventures with Corndog: Corndog's Fish Store

    For sure. Between B&O taxes of 9.5% and square. 2.75% I just round it in my head thinking that 13% of all the money that goes to the register isn't mine. Obviously cash doesnt take the fee, but I'd rather think of it as 13% than go oops, I have to pay B&O taxes?! Today's Total was $388. More...
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    Adventures with Corndog: Corndog's Fish Store

    I have 2 debts currently. One for about 9k for contracting work, and 50k from an investor. My contractor debt is interest free for 1 year. Then a 5% interest rate with a payment plan over 5 years. And my investor pay back is starting the year the business turns profit, paying the debt back over...
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    Pre-loaded prepaid card in the mail, catch?

    It could be a prepaid "secured" card. Which would mean you would have to pay back whatever you spent on that card.
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    Adventures with Corndog: Corndog's Fish Store

    It's hard to say how fast I'll grow. But I do know there's a store in my state that can do 20k in a weekend. It's the same size as me. I don't even have a sign up yet that has my business name on it yet. Also craigslist ads have turned out way better than I could have imagined. Tons people...
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    Adventures with Corndog: Corndog's Fish Store

    Short answer is too many :P 46 hours the business is open to the public with probably another 10-12 outisde of business hours when you factor in chasing things down etc. I've got someone I'd like to bring on when sales justify it. They'd be a 3 day a week person. 22 hours a week. Roughly...
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    Adventures with Corndog: Corndog's Fish Store

    Fixed Costs: Rent - 850 Power -500 Internet -100 Insurance -54 Wage 2000 - This will go down if I dont make enough etc. But thats the goal. Roughly 3600 a month in outgoing. Which means I need to sell roughly $7200 a month. Dry goods are marked up basically 2x. Fish 2-3x. 26 days a...
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    Adventures with Corndog: Corndog's Fish Store

    When I managed a fish store. Thursdays were always the weakest sales. Mondays are busy because people grab things "first things monday morning" meaning I'll grab it after work on Monday etc. Stores close early on Sundays, which means if you see your fish are sick after 6pm, you'll be in first...
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    Adventures with Corndog: Corndog's Fish Store

    Only closed on Thursday.
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    Adventures with Corndog: Corndog's Fish Store

    Sunday was $175. Today was $211. Insane for a Monday. I was honestly guessing like less than $20 for a monday.
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    Adventures with Corndog: Corndog's Fish Store

    Dry goods are doubled, fish are doubled to tripled. So profit would roughly be $175 probably. My rent is cheap only $850.
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    Adventures with Corndog: Corndog's Fish Store

    Second day: $315 in sales. This is more where I think my average needs to be.
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    Adventures with Corndog: Corndog's Fish Store

    Today went great. 24 paying customers. The customers were only word of mouth. Haven't even done an announcement on the facebook or website yet. Did almost 1k in sales today.