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biophase
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Answer(s) to the first question: My wife has discovered to do arbitrage and she's a stay-at-home mom. I came in to help her (us) with the business. Also, it keeps me from working 2 jobs in the meantime and gives me the freedom to come home and spend time with my kids at least in the meantime and provide the means to have extra time in the evenings to do business. I also like doing eCommerce as well coming from a street-learned IT background.
Answer to the 2nd question: About the Craigslist business, my wife has also started that about 5 years ago and we haven't been able to get the business off the ground yet. It'll take a minute to explain the idea we have. But in order to franchise this business to other states (franchising), we kinda need a cash-flow system that'll provide support. Can't find any other way of cash-flowing this and we're not going to go back to loans and credit cards. Filed bankruptcy, twice because of it along with foreclosure, short sale and repo of my car. So in the meantime, we're putting our first business (Classified Convenience: www.clacov.com, still need some revisions, work etc.) on the back burner for now. "If interested in checking our website out, feel free to do so. It'll explain more in detail about our online business model"
Hope this explains what we're trying to do, if not, I'll wait for your comment.
So you are trying to franchise a business that doesn't make any money? Kinda seems like you are doing this backwards.
Or am I understanding it wrong. Your business makes money right now but you need more money to do the franchising paperwork?
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