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Hey everyone
I joined recently to this forum after reading the book by MJ DeMarco.
What he discusses in the book is what I should of read way before reading Rich Dad Poor Dad, E-Myth, Jim Rohn videos and all the other stuff.
Yes, they are GREAT book, but man this book made me hit a wall that I didn't see coming - it was just in time I guess. It's the five commandments of the fastlane business.
ANYWAY
We own a small local supermarket. Thank God we run it in a good way, we have a good cloud POS system, security systems and just recently we got employees that we can depend on doing the cash register and keeping the place clean.
However, I started thinking:
Where do I go from here?
I mean we have this supermarket, we are two brothers plus our parents and it JUST pays the bills.
After long thought, I have two options to scale:
Franchising - I live in the Middle East - Jordan. Franchising a local supermarket is like a dream. Over here, no one franchises supermarkets, they just open them and run themselves or they're big time corporations. So Franchising is usually for restaurants etc. but not grocery/convenience stores.
So that is not an option.
Store Chain - You need big time investment which is IMPOSSIBLE to save it up from my first store profits.
If you open another store, you need a manager to run the first.
If you think you can run two stores at once, you're dreaming or you're a zombie. really.
So if I get a manager, I will have to pay him a good salary and then that will affect me paying the bills.
So now I'm thinking about letting my brother run it by himself and the help of the employees and I do something online to make money until I can get more money than just paying the bills.
Now please help me on the previous topic and on this new topic:
- I don't have any money to start an online business like dropshipping/amazon fba (already lost like 6k dollars on them before)
- I don't know any online skill like copywriting/programming etc. but I'm willing to learn anything right now and I do put my full energy in it so I won't quit
so since this is entrepreneurship forum, please advise me on both the supermarket and the next step.
thanks
@MJ DeMarco
tldr;
i have a supermarket and its not a fastlane business in jordan
i want advise on what to do next - preferably online
no money
no programming/copy etc. skills
I joined recently to this forum after reading the book by MJ DeMarco.
What he discusses in the book is what I should of read way before reading Rich Dad Poor Dad, E-Myth, Jim Rohn videos and all the other stuff.
Yes, they are GREAT book, but man this book made me hit a wall that I didn't see coming - it was just in time I guess. It's the five commandments of the fastlane business.
ANYWAY
We own a small local supermarket. Thank God we run it in a good way, we have a good cloud POS system, security systems and just recently we got employees that we can depend on doing the cash register and keeping the place clean.
However, I started thinking:
Where do I go from here?
I mean we have this supermarket, we are two brothers plus our parents and it JUST pays the bills.
After long thought, I have two options to scale:
Franchising - I live in the Middle East - Jordan. Franchising a local supermarket is like a dream. Over here, no one franchises supermarkets, they just open them and run themselves or they're big time corporations. So Franchising is usually for restaurants etc. but not grocery/convenience stores.
So that is not an option.
Store Chain - You need big time investment which is IMPOSSIBLE to save it up from my first store profits.
If you open another store, you need a manager to run the first.
If you think you can run two stores at once, you're dreaming or you're a zombie. really.
So if I get a manager, I will have to pay him a good salary and then that will affect me paying the bills.
So now I'm thinking about letting my brother run it by himself and the help of the employees and I do something online to make money until I can get more money than just paying the bills.
Now please help me on the previous topic and on this new topic:
- I don't have any money to start an online business like dropshipping/amazon fba (already lost like 6k dollars on them before)
- I don't know any online skill like copywriting/programming etc. but I'm willing to learn anything right now and I do put my full energy in it so I won't quit
so since this is entrepreneurship forum, please advise me on both the supermarket and the next step.
thanks
@MJ DeMarco
tldr;
i have a supermarket and its not a fastlane business in jordan
i want advise on what to do next - preferably online
no money
no programming/copy etc. skills
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