So what does this have to do with opening a shop? It is mainly about defining a destination. Desire is the first real step in opening a shop. Most of us work weekly, full time and full time under someone else’s guidance. For some, it’s not a lifestyle they like, it’s a bill paying one. Before long, many people thought it would be great to run their own business, which would still provide financial security, but also give them the flexibility to make the most of their lives while still earning a living. Do the work they love. With strong market demand and fairly simple operating methods, shop ownership attracts a lot of people and you quit your last job and start doing something you love.
Once you have decided to start a shop, there are a lot of startup questions that make you think about how to get started. At the same time, these problems can be overwhelming, and many people dream of what they can do rather than go back to their jobs. Instead of giving up, take the time to sit down and write down your questions. This way you can decide which areas are most important to you and focus on them first. Problems like these can be:
1. What kind of shop do I want?
2. What do I sell and where do I get it?
3. Where can I find my shop?
4. How do I pay for my shop?
5. How do I get clients?
These five are some of the most important questions that will be discussed here.
What kind of shop?
This is one of the most important questions to answer and it will determine the answer or at least the right direction. For a shop to be successful, it must be filled within the community in which it opens. This does not mean that it should be the strangest idea that comes to mind, instead you should take a moment and look at the area where you are thinking of opening your shop. What kind of stores are there already? What is missing? Your location is that out of place and will provide the best customer service and prices for what you choose to sell. For example, there may be many clothing stores in your area, but there is nothing special for teenagers who are interested in affordable hip hop clothing. This is a resort you can fill out.
Once you have determined your location, write it down on a piece of paper. This will be the beginning of your business plan.
What am I selling?
Once you have decided where you want to fill, you should do a little research to determine which inventory belongs in that resort. If you can access websites, talk to a few of your potential customers and see what they are looking for. Here are some features of our hip hop example:
Nike Air Jordan shoes
Military style jacket
Multiple finger rings
Blank cloth or bandana
You may not choose to carry everything on this starter list, but it will give you an idea of what you are looking for.
Where can I get it?
There are many options for acquiring your inventory. You will want to do research on local wholesalers and manufacturers to see what you can invest in. Also, many major cities have markets designed to bring together manufacturers and small business owners. A little research will help you determine if there are such markets in the cities near you and if they are open. Markets in cities like Los Angeles may always be open, while other cities have only one week-long program. Register and participate in the lists for these programs. While you’re at the show, make sure you review all the capabilities at the show before ordering and buying your initial inventory. Think about the colors and cuts you want and order the right size. Most manufacturers will require you to purchase at least four pieces per color. Don’t buy anything more than this, because it’s not enough to open a store and keep your options simple the first time. You want to get a full shop, but do not spend a lot of money on your first shopping spree.
Where should your shop be located?
When deciding where to find your shop, there are a few things you should consider. First, you will want to determine if your store should be in a store or mall. Location ensures a certain level of congestion in a mall, but you also need to follow the mall’s rules, including execution time, prices, and perhaps warehouse layout. A shopping mall gives you more flexibility, but you need more advertising to get the business to your store. If you want to be in a store, you should call the mall and get the leasing information and shop requirements from them. The same goes for a mall, but you will ask the owner for information about the lease. It takes about 30-90 days to open a store, so you will need at least 30 days to negotiate