Framechick:
Too bad you're so far away. I am looking for framers who want to be shop owners within driving distance of my area.
My plan is to make sure everything needed to start up a successful shop is covered -- business plan, site selection, build-out, fixtures, equipment, data/order processing systems, decisions about target customers, marketing/advertising, financing, vendor relations -- I can provide whatever is needed.
I will even put up most of the money and sell the shop to my temporary partner over an agreed period of time, for an agreed price. The partner would be the on-site store owner/manager, and I would be available for hand-holding as needed.
A do-everything owner/manager who is involved with start-up, who has a share of ownership, and who will eventually become the sole owner, would be most dedicated to the shop's long term success. For framers with such ambitions & abilities, but limited money, there are ways to make things happen.
I'm sure this is not a new idea -- there are probably frame shop owners all over the country (the world?) who have financial assets & the savvy to grow new shops, and would help others get started -- if only the others could be found.
I suggest you find successful shop owners in your area -- but outside your immediate customer base -- and ask them if a limited partnership might be workable. You may be pleasantly surprised at the responses. But first, get yourself trained and build a track record of tangible success in the business. After all, you have to convince the one with the money that you you will be able to pay it back, and with interest.
This is a lot like going to the bank for a loan, except that a banker wouldn't take the risk. A frame shop owner, however, would have direct personal involvement during the payback period. In return, he/she would earn a profit for the use of his/her money and expertise.
It has to be a win-win deal.
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Jim Miller, CPFcm; GAFP Committee Member