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<p>[QUOTE="Lehigh96, post: 440934, member: 15309"]I think it sounds like a great opportunity to learn from someone with extensive experience. However, there are probably elements of a modern day coin shop that he won't be able to help you with much. This sounds like a Brick & Mortar shop. I personally don't understand how B&M shops stay in business with the overhead involved without an equally successful Internet store that helps with revenue. If you don't have the computer skills necessary to start and operate an online website for the store, you may get yourself in trouble. Furthermore, you will need expert level coin photography skills as well.</p><p><br /></p><p>I have considered opening my own online coin business for years but feel that numismatic knowledge as well as computer and photography skills still need work before I can do so. Lastly, I don't have the initial capital required to purchase a coin inventory to start so I would need to prove to investors that my business plan and skills will give them a decent return on their money. I fear that the only way I could ever realistically pull it off would be to use my personal collection as my starting inventory. Something I am not willing to do at this time. </p><p><br /></p><p>I wouldn't be worried about his age, I would be worried about how much money he wants for his business. Just my two cents.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 440934, member: 15309"]I think it sounds like a great opportunity to learn from someone with extensive experience. However, there are probably elements of a modern day coin shop that he won't be able to help you with much. This sounds like a Brick & Mortar shop. I personally don't understand how B&M shops stay in business with the overhead involved without an equally successful Internet store that helps with revenue. If you don't have the computer skills necessary to start and operate an online website for the store, you may get yourself in trouble. Furthermore, you will need expert level coin photography skills as well. I have considered opening my own online coin business for years but feel that numismatic knowledge as well as computer and photography skills still need work before I can do so. Lastly, I don't have the initial capital required to purchase a coin inventory to start so I would need to prove to investors that my business plan and skills will give them a decent return on their money. I fear that the only way I could ever realistically pull it off would be to use my personal collection as my starting inventory. Something I am not willing to do at this time. I wouldn't be worried about his age, I would be worried about how much money he wants for his business. Just my two cents.[/QUOTE]
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