Opening your own retail store?

Question

I have always dreamed of owning my own business and i can get the capital to get stared but i don't know what to do next. I am not a dumb person but i am just wondering how do you find the people to get your product from or if you want it special made how do you find people to do it?

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* Start and Run a Profitable Retail Business by Jim Dion, Ted Topping
* Retail Business Kit for Dummies by Rick Segel
* Specialty Shop Retailing: How to Run Your Own Store Revised by Carol L. Schroeder
* So You Want To Own The Store: Secrets to Running a Successful Retail Operation by Mort Brown

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

I think it depends on what you want to sell. Many people make their own products, or if you're wanting to specialize in something or have some sort of theme to your store you may be able to find wholesale suppliers on-line. Usually all you need to purchase products through a wholesaler is a vendors liscense and a registered business name. :) Good luck!