Open a shop may promote many benefits. Do not be surprised if you often see people who have store has more than one car and cozy house.
Indeed there are some advantages if we open a shop. Below are four of the benefits we may get:
1. Value of money.
If you have some money, for example, USD 1 million without investing it, the value of money will not grow. Conversely, if you invest the money to buy goods such as shampoo, soap, beverages, or food, then sell it in your stores, the value of your money will increase.
For example, if you take 20 percent profit of the value of the previous goods, the value of goods can be increased to USD 1,2 million. In addition, if the goods are sold in one month only, it means that every month you will get a profit of about USD 200.000.
2. Inflation.
Open a shop will also free you from the adverse effect of inflation or rising prices. Because, once the price of goods rises up, the price of your item will also rise up.
As long as your goods are not rotten or damaged, the value of those goods will rise up when there is inflation. The simplest example is a gold shop. If a store has five kilograms of gold, and the price of one gram of gold was approximately USD 10 two years a go. Although your gold shop does not sell anything during the past two years, you may get three times profit, as the gold price is about USD 30 per gram nowadays. The value of gold could rise unpreditable almost every year.
3. Credit Benefit.
Another advantage of owning a shop is that it you can use/ sell the goods first before you pay the good's price. When ordering goods from suppliers, you can utilize the credit facility. Well, if you can sell an item quickly, then the profits from these sales can be used to pay for the credit. In addition, you can invest excess profits to buy other goods.
4. Bussiness Opportunities.
Open a shop can also open the opportunity to be a successful bussinessman. If your store is successful, you will not only sell goods to the buyers, but you can also sell the store concept, shop design, or become supplier for other shops.
Examining the facts above, are you still hesitant to open your own store?
Of course there are some risks if we poen a shop, perhaps I will write it down in another article.
Indeed there are some advantages if we open a shop. Below are four of the benefits we may get:
1. Value of money.
If you have some money, for example, USD 1 million without investing it, the value of money will not grow. Conversely, if you invest the money to buy goods such as shampoo, soap, beverages, or food, then sell it in your stores, the value of your money will increase.
For example, if you take 20 percent profit of the value of the previous goods, the value of goods can be increased to USD 1,2 million. In addition, if the goods are sold in one month only, it means that every month you will get a profit of about USD 200.000.
2. Inflation.
Open a shop will also free you from the adverse effect of inflation or rising prices. Because, once the price of goods rises up, the price of your item will also rise up.
As long as your goods are not rotten or damaged, the value of those goods will rise up when there is inflation. The simplest example is a gold shop. If a store has five kilograms of gold, and the price of one gram of gold was approximately USD 10 two years a go. Although your gold shop does not sell anything during the past two years, you may get three times profit, as the gold price is about USD 30 per gram nowadays. The value of gold could rise unpreditable almost every year.
3. Credit Benefit.
Another advantage of owning a shop is that it you can use/ sell the goods first before you pay the good's price. When ordering goods from suppliers, you can utilize the credit facility. Well, if you can sell an item quickly, then the profits from these sales can be used to pay for the credit. In addition, you can invest excess profits to buy other goods.
4. Bussiness Opportunities.
Open a shop can also open the opportunity to be a successful bussinessman. If your store is successful, you will not only sell goods to the buyers, but you can also sell the store concept, shop design, or become supplier for other shops.
Examining the facts above, are you still hesitant to open your own store?
Of course there are some risks if we poen a shop, perhaps I will write it down in another article.