One of the most important things you can do is to write a thorough business plan. This will force you to take the time to plan your marketing, sales strategy, and how your business will be run. Most importantly, it will help you forecast your cash flow and inventory which is critical for a retail business.
You can get help with your business plan from these sources:
SBA - http://www.sba.gov/
Bplans.com - http://www.bplans.com/
SCORE - http://www.score.org/
Good Luck!What's your best advice on starting a retail business?
1. Do the right type of advertising.
2. Set the place up with contemporary accessories, with a modern look (my friends an interior designer shes always tellin me how to decorate my house)
3. Dont stuff it with too much merchandise, just keep it moderate.
4. Computerize everything and I mean EVERYTHING. (merchandise coding, invoices, etc.)
5. You dont have to make it like walmart just have one counter with a computer on it and check people out there.
Well thats all I can think of,
Good Luck and if you need my friends number for design ideas just email me.
be ready to work 24/7 and never take a vacation again...
the best thing is if u have the buget then u need to start the cafe or a small business like distributor of cell phones in ur area or take the agency of some goods this will be goood
no credit to friends and relatives
No comments:
Post a Comment