Should I invest in this business venture?
Discussion
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I received a letter today from a lady that wants me to invest in her business expansion. The letter didn’t tell me anything specifically, only that it was a retailer involved in alternative therapies – primarily for pregnant women. Anyway, I’ve just came off the phone with her, whereby I asked some fundamental questions. As follows:
What percentage of people that go into the shop, buy something? 80%, I’m told.
Blimey that’s good, how much is the average spend? £1.50.
Why’s it so little? Because most of them are after tea or coffee.
Why tea or coffee? Because the shop is halfway up one of the Malvern Mountains and ramblers often come in.
How many customers do you get a day? About 20.
How much alternative therapy items do you sell? Couple a month. It’s not easy for pregnant women to get to.
How do you plan to increase turnover? I’d like to employ an assistant to free me up to spend time placing adverts in local newspapers.
Hmm… Should I invest in this business mdel?
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