Archive for January, 2010

Question by johnny: How can I successfully operate a vending machine business?
I’m thinking about starting out with the smaller machines with products like gumballs, small toys.. the machines that you put a quarter or fifty cents in and you get a small handful of candy. are these machines profitable? What setbacks might i come upon? Any tips would be helpful. If anyone else owns a vending machine business, I would greatly appreciate it if we could talk. Thanks!

Best answer:

Answer by InspectorBudget
SCORE is a national nonprofit that is part of the US SBA.

SCORE volunteers are usually retired, senior executives who give of their time, expertise and experience to help aspiring entrepreneurs just like you. Their services are free, but sometimes you need to buy materials for seminars and/or workshops.

Check out the website : http://www.score.org

Then contact the local chapter nearest where you live, and set up a consulting session.

They will assist you in how to consider and set up a company – incorporation, legal, insurance, licensing, cash flow projections, marketing, facilities, taxes, etc.

All this information is at no charge, it is part of the public services from the Federal Government.

What do you think? Answer below!

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Question by Lee: Does anyone have a inventory/restocking form for vending business?
I just started my vending business and I need a form for when I take inventory and money at each machine.

Best answer:

Answer by Meatwad Gets The Honeys
I recommend that you go to:

http://
isohunt
.com

and search “Business In A Box”.

That should have any documents you need for your new small business.

Also, any books by the company “Nolo” are good… I actually paid a large sum to legally purchase eBooks from them for my small business.

Search “Small Business” as well… The book lists that come up are extensive and a great help.

Give your answer to this question below!

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