Hey frens…I have been feeling “called” for several years to open a local retail shop (with online as well). It’s retail, but with a higher purpose. I recently had an opportunity open up for me: a small space, in a great location, at an affordable lease rate that will allow me to launch, start small, be self-funded, and grow over time.
Am I crazy for considering this during a time of growing inflation, pending doom in our economy, etc.? Or the contrary? Maybe getting started with a modest inventory is the place to be when SHTF, and then I’m poised and ready for the full “great awakening” financial comeback of the middle class?
My store type does not supply “essential” goods, per se, but definitely items that people will seek out to add more joy to their lives (a good thing when times get rough?).
I feel like God is leading me down this path, but I’ve not made the best financial choices in my past, having had horrible timing, so I’m trying to explore all avenues. Any thoughts and ideas are welcomed!!
How leveraged was he, tho. I know a lot of people who look rich, but are broke.
I remember a time back in my 20's. Over 30 years ago.
I was talking to a farmer in Kansas and he asked me to look to reroof house. We were talking on the phone. Looked at his farm house and it was a normal 2 story small house youd expect in kansas, with a large barn and a silo.
Told him what the price would be and he said, fine, sounds good. He said he was flying in tomorrow at noon and can you be there at noon? I said surr, but thought, how is he flying in at noon and going to be at house at noon?
I figured he meant he would fly in and be there at noon. Always best not to correct customer before a sale is closed thinking.
Anyway, i am there at 11:30am and at about 11:45, a lear jet ( of course, a jet made in Kansas) lands behind the house. I was gobsmacked. Never noticed the runway behind the house.
We met, he liked the proposal and we shook hands. He wouldnt sign it. He gave me the go ahead and at the same time a couple of brand new combines started coming out of the barn.
This guy was dressed in t shirt and jeans, like he was ready to go to work, yet he just flew in on a jet.
It was harvest season and few people in the farmlands from texas to canada harvest their crops anymore. Too expensive. The crops start being harvest early in year in the south and as the convoy harvesters work their way up north, the crops ready.
I asked him, why not use the convoys?
He said, the 2 kids on those 2 combines are my sons. I keep this farm for them to grow up knowing what hard work is. He said, i have been very fortunate in buying land in kansas when it was cheap and having the means to do so.
For those that do not know, west Kansas land is some of the best in the world.
Anyway, he looked like a typical farmer and he house was nothing special.
I asked him what he was doing in california and he said, buying land. Most the best land in kansas is gone, but the next gold rush is california. Lol, that was 30 years ago.
Bet he did pretty well with land in cali.