The industry is very competitive and the margins are very small. The barrier to entry is lower, the risk is smaller.īoard game store online – lowest barrier to entryįor a very long time, I resisted the urge to start an online board game store. This helps a lot with running a “side hustle” before scaling it up. The fact that more of us work from home these days, means your time is more flexible. In this case you would want to be the one planting the tree so you can sit under it later. “Someone’s sitting in the shade today because someone planted a tree a long time ago.” Warren Buffett You will need to support yourself through the bulk of it. Don’t quit your day jobīuilding a business isn’t an overnight thing. I’m not saying don’t do it, but be realistic with your expectations of “this is going to be great!”, before you become financially committed to something that won’t pay off. What makes your business unique? What challenges are you likely to face and how do you cope with them? Are there even customers for what you’re offering‽ It lets you quickly break down the idea into its constituent parts, see what’s missing, what needs attention, and in some cases, you realize that actually there’s a gaping hole in the middle of my great idea that I simply didn’t see through the rose-tinted glasses of my shower thought. There’s some quick reading involved in what exactly each block is for, but once you start filling them in it’ll become obvious. All it really is, is a bunch of blocks with headings. If that’s not possible, the online version is probably fine. The best would be to print it out as big as your local print shop can do, then grab some colored markers and start writing. A tool I’ve used often to quickly “stress test” an idea is the Lean Canvas. The question is whether that idea stands up to scrutiny. If we didn’t, nothing creative would ever happen. In reality, this happens one time out of thousands and it takes an extraordinary amount of luck to make it that way. Business magazines are quick to tell the story of a small home business that made it big overnight. It’s easy to see these success stories on the news and YouTube. So here’s the rub: Very few businesses succeed simply from jumping in and doing a thing. It only costs your time, and hopefully no money.īoard game store business plan – don’t just wing it If it doesn’t, sell off your remaining stock at cost and close down the site. Normally I would be answering the question of how to open a physical store, but considering the amount of crazy we have going on at the moment, my first advice would actually be to start online. Unfortunately at the same time we had customers calling on a daily basis that couldn’t come to the shop in person, so it was time for a change. I was very resistant to the idea of going online, as it diluted the raison d’être of the business. Where we used to focus specifically on in-person advice and sales, COVID-19 has pushed us to open an online store where we try to provide the same level of interaction and personal advice that we’ve cultivated over the years. I’m not the expert on any of this, but I do have some experience I can share to cut through the nonsense. All I can do is explain what worked for me and what worked for colleagues that operate in the same industry. I really can’t give you a magic formula on how to start a board game store. Within the first year it became clear that the board games were outselling the traditional hobbies at an astronomical rate, so we pivoted towards board games specifically. We started out as a traditional hobby shop selling train sets and model kits. I’ve owned and operated Fanaticus Board Games for about a decade. Published by Zach on ApApBoard game store you say? How To Start A Board Game Store – Money & Cardboard…
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