Sometimes, I open my wallet and I’m utterly shocked. I always say one of two. “Wow, where did this money come from?” or, more frequently, I say “wow, where did all that money go?” Whether I was finally fed up with being broke or my capitalist spirit took over, I decided to fix this financial conundrum.
Over this past spring break I came up with the brilliant idea to start my own small business. In order to start a business, one has to establish a consumer’s need for something. Personally, I was tired of having to borrow American Apparel dresses from my friends for date parties and such, plus I felt like I was irritating them constantly. Thus, came my basis for “Laura’s Closet.”
My business plan is a simple one, but time consuming. I’ve decided that what I need to do is buy up as many dresses as I can find from secondhand websites, like Poshmark and Depop, and then rent them out to others, meaning my sorority sisters and other friends. Accumulating all these dresses will take a few months I’m guessing. I haven’t complexity worked out the logistics yet. I did my research and I found out that I can buy each dress for around $20, when they originally sold for $56. I’ll rent them out for $10. I don’t expect to see profit until next semester, which is fine. Great things take time. I’m always currently in the process of writing up a rental agreement just so I have my ass covered in case someone tries to shank me. Hopefully I can make a little bit of cash after I went buck wild over spring break. It might take awhile, but I’m really excited to see how it all plays out. Who knows? I may end up changing my major because of it.