Originally Posted by fumbducker
I've been in retail since I was eleven, funny I don't ever remember being eleven, I currently have two retail endeavors(hardware stores) and would be happy to discuss this with you either here or pm me with your phone #. I know nothing of the furniture business much less "high-end" other than seeing several start-up and fail here in Spokane. If you are buying into a franchise...watch your ass. You are often not as independent
as you think you are. The partner issue...four of them, is a whole different subject...you guys/gals better know each other...really know and then S-P-E-L-L everything, (duties, responsibilities, expectations, rights, etc, etc) out in detail in well drafted legal document...Good Luck!
If it works it can be Great, but...
Thanks, I'll PM you shortly with additional details and info - I appreciate any insight you can lend on this matter.
As for the setup - it's not a franchise, I've researched that road to no end and would rather steer clear of the potential hazards presented going that route. It's a partnership. I explored this endevour in some length earlier with different partners earlier last year. Now, a little smarter to the pitfalls, we've documented EVERYTHING. Roles, responsibilities, ownership, succession plans, expectations, decision power, etc...It was an exhaustive process, but I was painfully clear that nothing goes forward without a complete understanding on everyones part. So far so good.
To keep folks (who actually care) apprised of our progress:
1. Finished interviewing User Experience design consultants and made selection.
2. Began work with Mechanical Design Engineer in Houston to begin prototype.
3. Finalizing name and registration forms - (search of state still needed).
4. Working with Real Estate agent to find commercial space.
5. Just drank a diet Coke...mmmmm...sweet caffeine...mmmm