Newspapers / The Franklin Press and … / March 31, 1949, edition 1 / Page 2
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It Takes More Than A 'Shoestring' To Start A New Business Nowadays What does it take these days to start a business of one's own, even on a modest scale? Once It could be done on a "shoestring," and very often was. Now, according to the U. S. Department of Commerce, the indicated stake needed as a rule is somewhere around $5,000 as a minimum Initial Invest ment. i That amount Is the average needed for a small filling sta tion, and sums up fco several times as much are required to start In other retail lines, or a wholesale establishment, depen ding on the business.' As to the Ifs easy to own a Mnti tlSi Three models ? $124.95 to $179.98. Easy term*? liberal trade-in. Lit ue show them to you today. MARTIN ELECTRIC CO. LADIES ATTENTION . Beginning April 1 Frances' Beauty Shop will be owned and operated by MRS. MAUDE CLARK Mrs. Clark has had twelve years' experi ence in Winston-Salem and Sanford, N. C., and will specialize in all types of beauty service. Your patronage will be appreciated. CLARK'S BEAUTY SHOPPE \ Phone 128 Main Street CITY MARKET PHONE 124 Club Steaks lb. 59c Sliced BOLOGNE lb. 39^ WEI*ERS 39^ Fresh ground BEEF 45^ J. F. G. COFFEE 49? Visit our Frozen Food Counter tapltll ItMlf, pMiWial uvtngi art thl main source. The Commerce department'* figures were obtained In a study of new businesses, with one or more employes, established in the three-year period, 1945-47. Reports of more than a 1,000 new trade firms, both wholesale and retail were analyzed. Effects of Inflation The rise in the capital re quirements for new business, and old as well, are of course j another manifestation of the effects of nflation. The decline in the dollar's buying power has had as pronounced an impact j on the cost and finances of starting and running a busi- : ness, whatever its size, as on the everyday family budget. Because of this, even a small business now looks comparativ ely big, financially, when judg ed by past standards; and this applies all along the business line. By and large, business size is always relative to prevailing conditions and 'normally reflects them; and the dominant fac tors today are the rise in all prices and the great growth in the whole economy and its ac tivity over prewar. In all,, a total of 670,000 new j retail and wholesale firms were established from 1945 through 1947, or nearly half of the 1, 400,000 new businesses that were launched during the period. Among retail stores, new food stores and eating and drinking places led all the others. Breakdowns by Firm , Taking all the new wholesale businesses that weie establish ed in the 1945-47 period, the Commerce Department ..found that the average initial invest ment came to approximately $22,000. The actual sum varied, ranging from the lowest average initial investment of more than $10,000 for small wholesale busi nesses to an average of more than 1175,000 for large estab lishments. The average initial investment ,was approximately $9,500 lor all new retail firms established in the 1945-47 period. The amount showed a wide variation for dif ferent lines of business. The smallest average initial invest ment was found to be about $5,000 for filling stations. At the other end, an average of more than'$25,000 was the initial in vestment for building materials, hardware and farm implements. Importance of Savings There is no precise informa tion available as to the .amounts 1 of initial capital invested in i starting comparable businesses in the past. However, the Tem porary National Economic Com mittee (T.N.E.C.), in the course of its investigation in the '30s, went into the workings of small ! business and found that a j great many started with little or no capital. The Commerce department ! survey found that personal sav ings were by far the greatest source of funds for new retail and wholesale firms in 1945-47. A total of 5.6 billion dollars was invested in starting new retail establishments in the per iod and an additional 1.4 bil lions for new wholesale firms. Of this 7 billion dollar sum, it was found that 4.4 billons, or nearly two-thirds of the total, came from the personal savings of the entrepreneurs. CHAIRS You Can Really Relax in This Nothing adds so much to the attractiveness of yiour home, or ? x to its comfort, as nice Chairs. You Can Use This One . Platform Rocker and Ottomon Also see our Fireside, Pull-up, Gub, and other styles. A variety of colors and covert, including the new plastic, Bolta lex. . . . everywhere PRICES TO SUIT Sossamon Furniture Co. "Everything For Your Home" EASY TERMS ALWAYS THE LARGEST ALWAYS THE BEST VARIETY [VALUE Ladies HANDBAGS WHITE PLASTIC These are' Beautiful, well Made. f S.OO LtlQICS RAINCOATS NEW METALLIC PLASTIC Asserted Colors. $1.98 "Children* SLIPS COTTON -- SIZES 2 ? 14 7Slc tf/ieciat &a/e . . . HALF PRICE ! GIFT SETS N by JWotky. Hirfc/rU COLOGNE and DUSTING POWDER SEimiAct /i me en/y Reg. '2.00, NOW $|oo I* PImTox This delightful after-lhe bath duo is a charming gift! Now, you can give ? and save! For t lie regular price of one, get TWO: one for a gift . . >pne for YOLP ( Cho.j?t from several fragrances, today! O O i?i city Patter V ALWAYS IN STOCK NO WAITING 1 Camel 8oz. Overalls CONES 3 cz, SANF. DENIM SUSPENDER BACK VERY FULL cur - 5 J KOW ?N STOCK BARGAIN BASEMENT CONES 8 oz. SANF. DENIM SUSPENDER BACK VERY FULL CUT SIZES 32 - 50 NOW IN STOCK $2-29 BARGAIN BASEMENT Quilt BATTS 69c ' LL SHEETING 21c 1T*?U "H KLEENEX pi | T- rffk | O A^7 TOILET TISSUE I 1^^ jjgYY LOW PRICE ^ FOR S1.00 Super Suds ,E 74c SftY US US \ MV/A KHAKI white fedOv* MEN'S SIZES TAN COLOR JERGENS SPECIAL iLT IT 89C ?? D Jl) 17 CL THOUSANDS oelk s For jhocs ofpairs Our SHOE DEPT. Is Always Busy Come To Belk's FRANKLIN, N.C.
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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March 31, 1949, edition 1
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