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Old 04-24-2011, 08:03 PM   #11
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One of the more successful fish only places that I used to frequent actually had a large wearhouse/lab separate from the store front where they bred a lot of their own stock. If you have the space, I would think that could cut down on cost. Although, it seems to me that most of the money is in equipment, and not livestock, at least if you are going to have a storefront. I could be wrong on that.
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Old 04-24-2011, 08:13 PM   #12
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This business is very competitive. I would guess it is the biggest reason you find all the terrible advice from pet stores.
It is much like the computer industry. If you are well educated in computer hardware, building your own computers etc.. just listen to the sales person talk to someone who has no clue about computers. I feel bad everytime I see someone walk out of a big box store with some overprcied junky computer.
Like the person walking out with a fish bowl and 2 goldfish.
I'd like to think an honest approach could work. I'd rather build clientele based on excellent product and service.

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Another way to help upon start up is to buy stock from local breeders and such, cutting out stress(on both you and fish) from shipping and all the handling, it helps your local economy and you can pretty much hand pick your fish instead of placing an order and crossing your fingers.
That's an excellent idea! Locally 'grown' stock is always a great sales pitch too.

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One of the more successful fish only places that I used to frequent actually had a large wearhouse/lab separate from the store front where they bred a lot of their own stock. If you have the space, I would think that could cut down on cost. Although, it seems to me that most of the money is in equipment, and not livestock, at least if you are going to have a storefront. I could be wrong on that.
That's what I planned to do. Space is more the concern there. But yes, I think the equipment would bring in a lot of the profit, but you never know.
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Old 04-24-2011, 08:14 PM   #13
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hm following and where are you located?
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Old 04-24-2011, 08:18 PM   #14
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hm following?

I'm located on Vancouver Island, on the west coast of Canada.
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Old 04-24-2011, 08:20 PM   #15
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well talkk about a ways away
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Old 04-24-2011, 08:52 PM   #16
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I'd like to think an honest approach could work. I'd rather build clientele based on excellent product and service.
I agree and no doubt your customers would be much happier.

I have 2 local independant stores nearby but they both said the bulk of their sales come from dog and cat food lol.
They just cannot compete with the big chains (In my area anyway) when it comes to fish, especially FW.
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Old 04-24-2011, 09:07 PM   #17
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To bad you're in canada Talz I'd come buy from/ work for you. I live about 1.5 hours from the border. Pretty sure they wouldn't let me bring fish across.
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Old 04-24-2011, 09:23 PM   #18
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We're still working on it, no store front yet. My only advice is to research, research, research. You need to be the best at one or more things. Price, quality, a specialty. The internet is the greatest resource of all. Youtube LFS tours, visit every store you can, work in an existing shop if possible. Don't be in a hurry. You'll need a good business model and plan.

Start here... WWM DWT Aquatic Business
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Old 04-24-2011, 09:38 PM   #19
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You definitely can use the honest approach. My LFS gives nothing but honest advice. Some hometown not-big-chains do take that approach. (of course, I'm not advocating doing what ANY LFS says blindly)
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Old 04-25-2011, 12:59 AM   #20
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To bad you're in canada Talz I'd come buy from/ work for you. I live about 1.5 hours from the border. Pretty sure they wouldn't let me bring fish across.
I got no idea how that works, maybe...

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We're still working on it, no store front yet. My only advice is to research, research, research. You need to be the best at one or more things. Price, quality, a specialty. The internet is the greatest resource of all. Youtube LFS tours, visit every store you can, work in an existing shop if possible. Don't be in a hurry. You'll need a good business model and plan.

Start here... WWM DWT Aquatic Business
Thanks for the link, I'll have a look at it.

I've been researching tirelessly, what I'm having trouble with is the actual business plan part. More so with regards to putting it in writing.
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