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

<p>Have you ever thought about creating a <strong>brick-and-mortar retail operation </strong>from scratch? Ever wonder what hoops you have to jump through to get a <strong>liquor license</strong> and launch a business selling alcohol? Ever wonder how to do <strong>consumer research</strong> before opening a local store?</p><p><strong>Ashley Kehr</strong>—real estate investor, entrepreneur, and co-host of BiggerPockets' <strong>Real Estate Rookie Podcast</strong>—is in the process of building and launching a local liquor store, and she shares with us her <strong>step-by-step plan</strong>. In this episode, Ashley tells us how she found and hired an <strong>expert consultant</strong>, how she applied for and got a state liquor license, and how she was able to <strong>purchase the real estate</strong> and design it for her business.</p><p>And she did it with a whole lot <strong>less cash than you might expect</strong>!</p><p>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 <strong>networking</strong>, asking the right people the right questions, and the <strong>biggest roadblock</strong> that many of us need to overcome to get started. And make sure you listen for Ashley’s amazing tips on <strong>how to advertise</strong> your local business, as well.</p><p>Check her out, and subscribe to the <strong>BiggerPockets Business Podcast </strong>so you won’t miss our next show!</p><p>In This Episode We Cover:</p><ul><li>Using an industry expert to <strong>navigate licensing</strong></li><li><strong>Leveraging </strong>your network to market through word of mouth</li><li>Buying<strong> the real estate</strong> your business will use</li><li>How Ashley's setting up her <strong>network</strong> of alcohol distributors</li><li>How to succeed in a new industry by "asking <strong>the right people</strong> the right questions"</li><li>Setting up a business that will run on <strong>autopilot</strong>!</li><li>