Quote Originally Posted by Swizzy89304
Doesnt matter what it is - I just want to know how much capital Ill need to start my own business. Im thinking of at least £20,000.
Ive looked at the market for head shops in my area, and there is a MASSIVE demand for one! Everyone Ive asked said that they have to travel all the way to the Bazaar in Leicester for their paraphernalia. So, I had an idea.
Why not open up my own head shop in my town? I wouldnt just cater for the younger/pot smoking generation, Id sell pipe tobacco, flavoured tobacco, cigars, Zippo lighters, ashtrays. Among that would also be bongs (cheap to expensive), pipes (cheap metal to glass blown and ceramic, plus wooden), all different rizlas, stash tins - and ones suitable for people who just smoke tobacco aswell - lighters, lava lamps, a variety of clothing and Dreadlock care kits, Rasta Tams, cigarettes, ashtrays, Herby keyrings, among loads of other things. If business went well, Id also start thinking about opening a small Hydroponics shop nextdoor - just the basics though like lights, mylar, reflectors, ballasts, nutes, blackout blinds, timers and relays, books etc.
Also in the head shop, maybe a small section selling CDs that stoners listen to, with some choice hardcore music for the X fans.
What do you all reckon - it would be run by me (duh), and a couple of good friends.
I would recommend that you write up a detailed business plan. It is time consuming and somewhat of a pain, but It will get you to think about every aspect of your new venture. You don't want to spend your first months figuring out who your supplier are, where to spend your marketing dollars etc.
I have found that most people who love what they do become successful.

You have got to follow through and make yourself push this idea forward. Otherwise, it will just be another "Pipe Dream".

Good Luck!