I need help/ Business ideas

Since this place has a very deep, and varied talent pool, I figured I might get some great ideas.

I'm trying to decide where to go next in my life. I have an offer for a good paying job, with good benefits. However, I do not want to spend the rest of my life doing shit I have zero passion for. I would like to be able to be my own boss (wouldn't we all?).

That brings this post. I have $5K that I would like to invest in a business. Serious consideration has been given to a retail tobacco store. Hold the boos, I would like to have a decent selection of e-cigs also. Eventually (once more capital was injected), start carrying mj vapes also. In our area (decent sized metro), there are two tobacco shops, and one music store with a "head shop" section. Decent glass, cheap accessories, and 2-3 vapes (wisper,and a box type). They wholesale from gotvape and are willing to special order from them. I feel we could outperform both the tobacco stores, and the "head shop", both in terms of service and info.

The possibility of "poker machines" is also a factor. Feds frown on them, but the locals don't pay much attention to them. Leased with split profit, so almost no cost to add.

The problem that pops up, $5k is a paltry amount for a brick and mortar store. Rental rates are pretty good in the area, it's the initial inventory that shits on my plan. Hard to go over $5k because we do have bills to pay.

I've looked into on-line stores also. Vapes (of course), t-shirts, tomato growing supplies, etc. The issue I run into there, is market saturation. There are so many "big" ones, I can't see a "small" coming in with hopes to make any money. Even considered mall kiosks.

I'm just kind of spit balling here, and feel like I've hit a brick wall. Any ideas, suggestions, advice, breakdowns, literally any info at all would be appreciated. I'm completely open to new business ideas and suggestions also.

With 5K to invest, get more initial start up cash or take the job and save up the cash.
Keep the job while getting the new shop up and running.

Ymir said:

With 5K to invest, get more initial start up cash or take the job and save up the cash.
Keep the job while getting the new shop up and running.

Click to expand...

+1
Bricks and mortar is a minimum 25,000.00 investment (depending on your geographics ) You will have lease, build out, fixtures, forms, business license...

You might need a partner (or two)

You didn't say anything about your age, situation (e.g., married, with children to support?), level of education, interests, skills, etc.

I would generally tell anyone not sure about a career and, presuming that they still are or think young enough and their personal situationallows, to go to college, learn, figure out what you want to do, have loads of fun, etc. Depending on what you major in, it could well pay for itself in a few years, particularly if you get an advanced degree. If you are not academically oriented or your situation does not allow years of college, well maybe consider Oaksterdam Univ. or equivalent, or a community college-type training program, such as electronics technician, auto mechanic, printing/graphics, computer networking; or an apprenticeship/internship, whether to become a plumber, electrician, with a large CA MJ grow or licensed selling shop, whatever. If you like helping people, consider health care, such as becoming an x-ray, ultrasound or respiratory technician, even nurse, etc. Or maybe, you might like teaching something. Etc.

Even if you fully go the entrepreneurial route, with the increasingly volatile world economic and political situation, I think everyone would do well have some genuinely useful/employable training, skills, an occupation, etc. that if nothing else, they can fall back on.

Services are the upcoming strong points of the economy, not retail sales, this is largely due to how people are living within different spending budgets and spending less on junk and more on securing their investments.
That being said, "services" (plumbing,carpentry,electrical, etc) will also see a major hole in the workforce as the average age of a tradesman is very high right now.
Pick up a trade and secure your future.

brick and mortar retail is not the future. not a good investment.

How about incorporating a vapor cafe into the tobacco store? Sell drinks, food, rent Vapes, hookahs, glass, etc.

The vaporist lounge! I'd go there !

The name is "FC vapor club"

with a reatil business you cont have to buy inventory out right you can get a credit system of if your lucky some industries run on the pay after you sell it policy.

If you really thought you had an idea then right up your business plan and if deemed profitable the banks would loan you the capital.