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Home Goods Liquidation Business (Professional Goals (Future professional…
Home Goods Liquidation Business
Personal Goals
Location
Being in Indianapolis area is important to me currently
I am wanting to eventually move full-time or part-time to South Carolina or Georgia because of my family and my boyfriends family so it would be nice if this business could extend and open locations in those states as well
Flexibility
Flexible hours are extremely important to me because I need to continue working my full-time career for the first couple of months business is open.
I want to be able to spend time with my boyfriend and family especially because in the next few years I am hoping to expand my family or have the option to.
Different types of work is important to me which this business has the opportunity for. There will be physical, customer service, digital marketing, advertising, networking, and accounting work involved.
Travel
I am not looking to travel more than locally. If there are periodic times I need to travel nationally or even internationally that would be okay but very few and far between.
The location we are in the process of getting our lease at is very close and convenient to my home and places I frequent.
There will be a lot of local traveling. I am excited for the opportunity to market and advertise for our business
Family Involvement
I want my family to support me emotionally in this business but I do not expect any of my family to help me in any other way. This has been clearly established.
My boyfriend and I live together and therefore it is a little bit blurred financially. I want him to be involved in the business as my support system emotionally, help me with ideas, and help physically if needed. He wants to be very involved in the business. My business partners and I have decided that when the company is ready to take on more employees or if we need help with unloading the semi trucks my boyfriend will be paid to help in that area.
I would like to eventually open locations elsewhere once I have figured out the business. I would like to open a location in South Carolina where my family lives and Georgia where my boyfriends family lives. It would be nice to have some family involvement if that happens. But I would need to have clear boundaries set into place before that came.
Physical Requirements
I am excited for the opportunity to push myself- although we will be hiring at least two employees I am sure there will be days I will have to help unload the semi trucks
I am looking for a career that I can be more physically active in combination with desk work instead of just one or the other.
Professional Goals
Social Interaction
I want to be very involved with my business partners, any employees, customers, and the public.
Involvement in daily operations
It is the expectation of my business partnership that my time is worth more than my financial investment. Therefore, I will be the operating manager and will be at the store more than any of us. We do not plan on having employees other than two to help with unloading the semi trucks. Therefore, I will be heavily involved in daily operations.
I would hope that in a few years once the company is up and running we would have hired a manager and if we have more locations that I would be in more of a district manager position/owner.
Expertise, skills, and preferences
I think my strong suits of the business are to run the store from a customer service aspect during open hours, network with my connections and build professional connections, price and tag inventory, upload pictures to websites, and manage operations.
Job security
This is very important to me. I want to feel stable in this business and it is crucial for my life.
Future professional goals
I want to ensure that I am continuing to use what I will graduate from college with which is accounting. I want to take care of the accounting aspects of my business to keep in practice.
Build this business into a growth business and possibly into a franchise.
Invest or open other businesses
Growth business or lifestyle business
I would like to make this a growth business. I would envision that we could perfect the business model open many locations around Indianapolis and then expend to other states and possibly look at becoming a franchise.
Future personal income
I want to be financially stable and very comfortable in the future.
I want to have options to invest in other businesses or open other locations to enhance my personal cash flow.
I want to pay off any and all debt that I have including student loans and be able to save for my retirement.
Investment
I will be investing time and money into this business. My time is worth more than my money for my partnership.
Maintaining majority share
I will be in a partnership with two friends that are already very successful entrepreneurs. I would not want to lose any of my share.
I have the first right to buy out my business partners if they ever want to sell their portion
I would like to eventually open my own business where I would have majority share.