Hello, I've recently been granted the opportunity to start my own business, almost fully funded. This is an opportunity that I absolutely cannot miss out on, as it could be the last time I ever see anything like this again. We have a warehouse location currently unused, and I've been tasked with putting it to use. I should preface with the fact that I am young, and due to make mistakes, I just need ideas and to be put in the right direction. My current ideas are Fulfillment/reselling, mainly purchasing from overseas manufacturers in bulk, and selling items in my home country. The other option, and I ideally want to do both, is a clothing brand. I come from a strong background of fashion and graphic design, and I know I could definitely make this work. However, the clothing brand idea would be AFTER I launch the first business idea, as I would like to be self sufficient before I do anything creative.
Anyways, that's pretty much the situation. I have a direction, but I just don't know where to start! I've been researching all day every single day, so please help me out guys! I want something sustainable, that I can scale and build off of in the future.
What are some decent ideas for a business project? I'm entirely new to this, your help would be much appreciated!
byu/eth_______ inEntrepreneur
Posted by eth_______
3 Comments
>I have a direction
your direction isn’t very useful
you have:
1. a warehouse (?)
2. majority funding for an operation you don’t even know about yet
if you want your best chance of success you need to leverage your resources. I’m assuming you are mentioning the warehouse because it’s either at a discounted rate or free for some reason? Leverage the fuck out of that. You clearly don’t know what you want to do because it’s mixed between dropshipping clothes or doing order fulfillments, so i will say that whatever you decide should heavily be dependant on what industry the warehouse will benefit you best
You have zero experience doing anything
You have zero realistic business plans
Your parents miss you and want you back at home so they are offering this warehouse as a way to bait you back home – but once you move with all your big ideas, they will just guilt you into being their grunt for another few decades….
You left for a reason, right?
I love this as an opportunity for you. And also this is a really tough place to start. Free rent on a huge space is amazing. But I would not try to make my own business that takes up that whole space. if I had to make something out of it I would either try to sublease it, or maybe break it up into separate smaller spaces and lease those out to local entrepreneurs.