One of the things that I love about F-Chat is how members of this community will offer up advice that is worth many many $$$$ without any expection in return. I continue to be amazed. Many of you are wage slaves and want to start your own bidness. I have been advising business owners for over 20 years now and, again, the knowledge shown by the members of this board is truly amazing. As an exampe, you may wish to visit this thread about opening a restaurant -- http://ferrarichat.com/forum/showthread.php?t=4706 I have taken the liberty of summarizing the comments below. Again, I want to stress that these comments contain hunderds of thousands of dollars worth of advice. Man, you guys are going to put me out of a job! Good work, DrTax ***One of the keys to success is that you must know the business from the inside out. The MBA approach rarely works at the street level. ***Wow! Great advice. Dave, where were you when I needed ya To illustrate, Id rather open a Subway franchise than an Einstein Bros Bagel shop. Einstein may be a better product, but things are sold and not brought. Remember, scouts end up with arrows in their backs. ***Write on, Bro (sic). You and Hubert are on the same page. ***Ah, Ryan. Harvard law doesnt suffer many fools, eh? Listen folks, retail is tough. You can go high. You can go low. You cant go high and low. Quick story. A while back, the WSJ did a story on a small gun shop after Wally World moved into the town. Instead of becoming a victim, this guy became a success. The first thing he did was dump all his cheap inventory. He then got the gun registrations of the people who brought cheap guns at Wal Mart. Long story short, he made a pot full of money selling quality to people who had already brought cheap. Moral? When a 10,000 pound elephant wants your seat, move. Ryan your manufacturing comment is interesting. Yes, I have seen any number of success stories in this area. Im constantly amazed at the niches that exist. The only problem is that too many small manufacturing shops become one-trick ponies. They never move past their initial success. However, I have also seen a number of clients buy these stalled businesses and move them to the next level and beyond. So yes, der is gold in dem dar hills. ***Yep, you gotta have an exit plan. There is a time to buy, and there is a time to sell. The most successful owners can tell time. ***Once again, you gotta know what youre doing and have a plan. Take a bow gents. Job well done.