How Much Money I had saved before Opening My Grocery Store

[@cottondai]

Thank you for sharing this great info on how to start grocery shop.

[@lifeasiknowit89]

No problem at all!

[@geografisica]

Thank you for all the good advices!! You’re now my inspiration. Greetings from FL.

[@lifeasiknowit89]

Thank you for your support! I hope to provide you with as much knowledge that I can.

[@geografisica]

@@lifeasiknowit89 I really appreciate it! I’m starting up in Orlando, it seems really hard but not impossible.

[@robertaguilar9951]

Let’s play a drinking game, take a shot every time he says “mind you” 🥃

[@hadiduman]

Very informative man, thank you!

[@lifeasiknowit89]

Glad it was helpful!

[@BrettMugford]

I just enquired with futurpreneur since I'm in Canada too! I'm so happy that if you got it without grocery experience (correct me if I'm wrong) than I should be able to get the funding given my years of retail management experience and now more professional experience as a real estate agent. I'm so excited for this I have a great location and plan to implement and drive sales.

[@lifeasiknowit89]

Awesome to hear man! You should have a good chance with your experience! I did have about 8 years of supervisor grocery experience before opening mine which they do often like to see for any business loan. If you'd like you can mention I recommended you. You will probably have to tell them who I am as Im sure they forgot, but hey it may help.

[@BrettMugford]

@@lifeasiknowit89 Thank you, I will do that! In my produce management role the program we did really well with is in store made cut fruit, veggies and salads. I think I'll have that as a big part of my business (plus juicing) and also offer those as deliverable items through delivery apps as another revenue source. It'll help with perishable rotation and I'll make sure to brand the packaging and maybe include coupons to get people back to the physical store. There's a prime location for this in my city in a high income neighborhood with some new home development including this particular shopping centre being updated and expanded allowing for me to potentially get in. The location has huge visibility with the back facing a main road and unit is about 1,100+ sqf with neighbors being high end businesses like pet spa and high end people spa. I'm working on my business plan now and I'm super pumped! Best of luck to you and thanks for all the videos! They're very, very helpful!

[@janetl4]

So needed this video I'm so scared to open mines even though I know I would do well and can you do a video on where you get your products from please

[@lifeasiknowit89]

Hey Janet. I wish you the best of luck. We could do a video on where we get our products but it may only be helpful to the people in our area as many distributors very from Province to Province or Country to Country.

[@hadiduman]

Yes!!! Please do this

[@afzaalnawaz3361]

It's very helpful thanks for posting.

[@pc-fh7ff]

Always good authentic content

[@lifeasiknowit89]

Thank you for watching!

[@thesusboomerroblox6516]

Well this was a question I needed answers to and you know more than me about it

[@LoganRaspa]

I think a customer came in at 7:47...lol. Dude thanks for the videos, I'm attempting to put together a small shop like yours in the states.... wish me luck! Maybe I'll vlog it also :) keep it up.

[@lifeasiknowit89]

best of luck dude. Excited for you and your venture. No customer came in at that time btw haha.

[@ShoppingwithRina]

Very nice

[@nasrinjahan5961]

Thank you so much for sharing your experience.

[@lifeasiknowit89]

Glad it was helpful!

[@ARon82]

Do you mind divulging how much money you make per year to pay yourself after all expenses?

[@blackbeard1484]

when you get it paid off, are you gonna take out another loan and open a 2ed store?

[@rachelle6067]

Thank you for your video

[@lifeasiknowit89]

Thanks for watching!

[@mohamemdlatif3112]

Learning so much thank you

[@lifeasiknowit89]

Glad to hear it!

[@stevet676]

Where is your store so i can go shop some groceries man

[@lifeasiknowit89]

Well it's in Ontario Canada. We haven't narrowed it down yet to specifics on this channel. However, we will one day.

[@nickg-wood4869]

New viewer here, sorry if you have already mentioned this before... What did you do before opening the store?

[@lifeasiknowit89]

We were both in the education field.

[@Straighteedge]

What city you are operating?

[@lifeasiknowit89]

Windsor Ontario

[@J̌ämĕs.bōňd.009]

I have 160 thousand. What business can I invest in?

[@lifeasiknowit89]

Well that is a decent amount to start a variety of different things. Really I would say find something you are personal good at and don't spend it all haha. Do your research fast and spend slowly. It's hard to pinpoint what is best for you as the options are vast. If you can invest half in something safe and the other in a business you are passionate about that is the first step I'd take.

[@J̌ämĕs.bōňd.009]

@lifeasiknowit89 Thanks for your reply, my friend. I was thinking of a mini supermarket/a barber shop/ a beauty salon/a gym or opening a supply chain.

[@ivoryreviewsstuff]

There are a ton of options. What type of business do you want to own? And then does that align with how you like your day to day to operate? I am a business broker and I can tell you that supermarkets have low profit margins. It doesn't mean they are not profitable but you will want to have a differentiator otherwise people won't come repeatedly and that's where the money is. If you are in the states hit me up!

[@pedroramires5049]

Dam I hade $50k but I invested in a land

[@lifeasiknowit89]

We invest in real estate as well. Agreed it can be pretty lucrative.

[@resiliencelawacademy]

Your store is at which place ??

[@lifeasiknowit89]

Ontario Canada!

[@stevet676]

@@lifeasiknowit89 are you not allowed to give specific address?

[@loudroomreacts]

Probably financing? Haha.U mean real Capital

[@meybelinaguilera-santos5121]

Your address so we can go buy !