What's your best advice on starting a retail business?

I am planning to open an gift gallerie in October in an upscale shopping center.

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!

no credit to friends and relatives

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

be ready to work 24/7 and never take a vacation again...

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.

Tags

　　Meeting Room 　　Meeting Space 　　Conference Room 　　Offices to Lease 　　Rent Offices 　　Business Centers 　　Service Offices 　　Branch Offices 　　Temporary Offices 　　Shared Offices 　　Commercial Space 　　Office Space

Related information

Is John Harvard鈥檚 Brew House Restaurant still in business in Washington, DC?

This restaurant did close in January and now in that location (1299 Pennsylvania Ave - next to Warner Theatre) is Au Bon Pan: ...

Does any on know how to start a small business?

I'd be willing to go into it with you. Drop me a line. BusinessViking@yahoo.com If not, then Quick suggestions: 1. Develp a light business plan to flush out ideas, money sources and...

What is the average amount of a small business grant?

$500 -- unless you are one of the EXISTING daycares affected by Hurricane Katrina in Louisiana Most of these daycare grants are for little things such as fees for fulfilling licensing and regula...

Does washington mutual consider saturday to be a business day?

Generally, U.S. banks and other financial institutions can only clear checks and other payments when the Federal Reserve is open for business because the Federal Reserve is the clearing house for s...

How much money is in this type of business?

How big do you want it?

...

How to start a namecard / businesscard / callcard printing business?

Most print shops will not survive on only printing business cards. There is very little income in that. Plus, a 50$ printer you can buy for your home can do an excellent job of printing business ca...

How would I find a brass bar that goes across a business door that allows patrons to push on it?

It is called a crash bar. Go to your local commercial building supply company and they can order one for you. In my area you would go to a place called Renter Lumber (Toledo, OH). In your area l...

Where do I look for money to start a small business, other than a bank?

First off you need to figure out much you need, this is done by a cash flow analysis. It may be a lot less than you think. Can you rent a facility? how much per month, the what are the payments on ...