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<p>[QUOTE="Just Carl, post: 763977, member: 4552"]There are so many different possibilities and expenditures to consider in your question. For an example I used to know some time back a coin dealer that had a coin store. It was really small and he sold some other items as well. Not to many but enough to help out since coins are not always a really big seller all the time. His advantages were he owned the building, lived on the second floor. This means the water, electric, phone, gas bills were just part of the entire buildings total costs. His family worked there also so no salaries for employees, only a lot of complaints. Being that close to his buisness, he could make opening and closing hours as he wanted. No transportation to and from work either. Since it was an apartment type building, other tenants contributed to his income with thier rents. </p><p>If you try going into such a coin store situation, you would have many disadvantages that someone like him will not have. And remember that all the profits of just selling coins and coin collecting items will have to pay for everything. Including your living expenses. The initial costs man not be to horrible compared to the constant output of money required to run any buisness. A few thousand in original merchandise is one thing but many, many thousands after that could end that buisness rather abruptly. </p><p>I hate to sound pessimistic but over the years I've had so many friends start a buisness and watch it fall into nothingness.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 763977, member: 4552"]There are so many different possibilities and expenditures to consider in your question. For an example I used to know some time back a coin dealer that had a coin store. It was really small and he sold some other items as well. Not to many but enough to help out since coins are not always a really big seller all the time. His advantages were he owned the building, lived on the second floor. This means the water, electric, phone, gas bills were just part of the entire buildings total costs. His family worked there also so no salaries for employees, only a lot of complaints. Being that close to his buisness, he could make opening and closing hours as he wanted. No transportation to and from work either. Since it was an apartment type building, other tenants contributed to his income with thier rents. If you try going into such a coin store situation, you would have many disadvantages that someone like him will not have. And remember that all the profits of just selling coins and coin collecting items will have to pay for everything. Including your living expenses. The initial costs man not be to horrible compared to the constant output of money required to run any buisness. A few thousand in original merchandise is one thing but many, many thousands after that could end that buisness rather abruptly. I hate to sound pessimistic but over the years I've had so many friends start a buisness and watch it fall into nothingness.[/QUOTE]
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