61: Launching a Hands-Off 'Cash Cow' Business With Less Than $100K, Step by Step With Ashley Kehr

Have you ever thought about creating a brick-and-mortar retail operation from scratch? Ever wonder what hoops you have to jump through to get a liquor license and launch a business selling alcohol? Ever wonder how to do consumer research before opening a local store? Ashley Kehr —real estate investor, entrepreneur, and co-host of BiggerPockets' Real Estate Rookie Podcast —is in the process of building and launching a local liquor store, and she shares with us her step-by-step plan . In this episode, Ashley tells us how she found and hired an expert consultant , how she applied for and got a state liquor license, and how she was able to purchase the real estate and design it for her business. And she did it with a whole lot less cash than you might expect ! Ashley provides a ton of great tips for any budding entrepreneurs looking to take that next step toward creating their own business. She talks about the value of networking , asking the right people the right questions, and the biggest roadblock that many of us need to overcome to get started. And make sure you listen for Ashley’s amazing tips on how to advertise your local business, as well. Check her out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show! In This Episode We Cover: Using an industry expert to navigate licensing Leveraging your network to market through word of mouth Buying the real estate your business will use How Ashley's setting up her network of alcohol distributors How to succeed in a new industry by "asking the right people the right questions" Setting up a business that will run on autopilot ! And SO much more! Links from the Show BiggerPockets BiggerPockets Rookie Podcast Rookie Podcast 12: What Works (and Doesn’t) in a Recession & the Untold Story of J Scott’s Messy First Flip BiggerPockets Real Estate Show Indeed.com BiggerPockets Business Podcast 56: From Poverty to Millions Through Laundromats with Dave Menz BiggerPockets Rookie Facebook Group Check the full show notes here: http://biggerpockets.com/bizshow61 Learn more about your ad choices. Visit megaphone.fm/adchoices