i m saving up and would like to open up a clothing store in jersey, i would like to know what to do 1st?

Question

i know i need to have alot of money to start a business, i m wondering if theres any suggestions on what type of contracts i should avoid, what paperwork must i fill etc, my partner has been searching for stores in which are up for sale, the locations are pretty good, right in the middle of the elizabeth, i would need to know is, what cant i do after i have the store up and open or more less what shouldnt i do?

Answer 1

You've got two issues here; let's tackle them one at a time.

RE: Clothing Retail Services

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. 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 Your Own Clothing Store (Entrepreneur Magazine's Start Up) by Entrepreneur Press
* 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.

RE: Starting a Business in New Jersey

I posted links for you in the source box pertaining to starting a business in New Jersey.

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

Answer 2

to offer you a concept the place i'm coming from with my answer, my mom labored at wal-mart for 11 years and that i've got been given a competent information what is going on. additionally I actual have witnessed first hand on the matters human beings have with wal-marts. Altho i visit shop at wal-mart i do no longer care to and don't fairly preserve the chain. Wal-marts has issues treating their workers with admire my mom had a hard time the finished time she labored there she had to take them to court to get them to pay workers comp for an harm she gained on the activity and that's in comparison to she is money hungry all she needed grow to be for them to pay the wellbeing care provider charges and that they fought tooth and nail no longer too. Then as though that grow to be no longer adequate they saved attempting to modify my mom to nights which she ought to no longer do, and while it got here closer and closer to her being waiting to make her retirement the laid down an ultimatum the two she does nights or she grow to be fired so she give up. they in lots of instances reason problems with trash the section around wal-marts are dumps by using mass quantities of trash that they produce. additionally they positioned smaller businesses out of organisation that can't compete with their expenses like your brookshires, then as quickly as they haven't any opposition the are loose to advance their expenses although the choose. so which you are going to discover how wal-marts could make some human beings very disgruntled.

Answer 3

all you need to know on small businesses and much more in this article that will help you get started

Answer 4

I suggest the first thing to do is to think over the business, and before considering operational tasks such as contracts, think first of the broader picture such as your store's strategy. My suggestion is to first prepare a business plan.

A business plan can help you study the overall apparel retail market, and determine what the market in Elizabeth needs and wants. It can help you decide what types of items to sell in your retail store, and what target market you want to focus on

According to NPD Fashionworld market research firm http://www.npd.com/dynamic/releases/press_060221.html the growth in the apparel industry was ushered by:

- Men’s apparel led the industry’s growth with an increase of five percent, reaching nearly $53 billion in 2005. Another big category winner, men’s tops - accounted for 38 percent of the men’s apparel market
- Sales in women’s apparel also grew, reaching $101 billion
- Children’s apparel sales grew two percent, to $27 billion.
- Women spent $2.6 billion on hats and scarves, driving an 11 percent increase in the category.
- Cozy pajamas and fluffy robes were all the rage last year as women’s sleepwear sales generated nearly $4 billion in 2005, a 10 percent increase in dollars from 2004.
- It was also a strong year for women’s intimate apparel, the $9.6 billion industry expanded by nearly 4 percent in 2005.

The business plan can also help you have a clear idea of how much you would need to successfully start your clothing store. Here are some samples of clothing retail business plans that you may want to check out

Men's Clothing Retailer http://www.referenceforbusiness.com/business-plans/Business-Plans-Volume-04/Men-s-Clothing-Retailer.html
Retail Clothing http://www.referenceforbusiness.com/business-plans/Business-Plans-Volume-01/Retail-Clothing.html
Special Needs Clothing Store http://www.referenceforbusiness.com/business-plans/Business-Plans-Volume-07/Special-Needs-Clothing-Store.html
Bridal Salon http://www.referenceforbusiness.com/business-plans/Business-Plans-Volume-06/Bridal-Salon-Business-Plan.html
Clothing - Maternity store (not free) http://www.bplans.com/spv/3425/index.cfm?affiliate=pas
Clothing - Sports Wear http://www.bplans.com/spv/3613/index.cfm?affiliate=pas
Clothing - Retail - Specialty
http://www.bplans.com/spv/3045/index.cfm?affiliate=pas

I suggest you read some articles on how to start a clothing retail store:

Starting a Specialized Clothing Retailing Business http://www.powerhomebiz.com/vol89/specialized.htm

For in-depth information, I suggest you read the following books:

From Rags to Riches: Success in Apparel Retailing http://www.amazon.com/exec/obidos/ASIN/0471091561/ref=nosim/powerhomebizguid
Start Your Own Clothing Store (Entrepreneur Magazine's Start Up) by Entrepreneur Press http://www.amazon.com/exec/obidos/ASIN/1891984314/ref=nosim/powerhomebizguid
Business Plans Handbook: Business Plans for Retail Clothing Industries http://www.amazon.com/exec/obidos/ASIN/B00006CRWR/ref=nosim/powerhomebizguid
1001 Ideas to Create Retail Excitement, Revised Edition (2003) by Edgar A. Falk http://www.amazon.com/exec/obidos/ASIN/0735203431/ref=nosim/powerhomebizguid
Management of Retail Buying by R. Patrick Cash, Chris Thomas, John W. Wingate, and Joseph S. Friedlander (Paperback - Jul 28, 2005) http://www.amazon.com/exec/obidos/ASIN/0471723258/ref=nosim/powerhomebizguid

As for starting a business in NJ here are some resources:

FastPath Checklist for.. Starting a Business in New Jersey http://www.state.nj.us/njbiz/s_check.shtml
NJ Taxation http://www.state.nj.us/treasury/taxation/index.html?br1.htm~mainFrame

If you need help in starting your business in NJ, you can contact the following organizations

NJ Small Business Development Center http://www.njsbdc.com/
SBDC Regional Offices http://www.njsbdc.com/contact/

NJ SCORE Offices
Chapter
Address

14 - Central New Jersey Raritan Valley Community College
Route 28 & Lamington Road
North Branch, NJ 08876
[phone] Ext. 8235
[e-mail]

15 - Metro NJ Two Gateway Center
15th Floor
Newark, NJ 07102
[phone]
Fax [phone]
http://scoremetronj.org

254 - Southern NJ Bank of America
4900 Route 70
Pennsauken, NJ 08100
[phone]
[e-mail]
http://score254.org

631 - Greater Princeton 12 Roszel Road
Suite B-103
Princeton, NJ 08540
[phone]
[e-mail]
http://scoreprinceton.org

687 - Tri County 1501 South New Road
Pleasentville, NJ 08232
[phone]
Fax [phone]
[e-mail]

24 - Northwest Picatinny Innovation Center
3159 Schrader Road
Dover, NJ 07801
[phone]
[e-mail]
http://www.njscore24.org

36 - Monmouth Brookdale Community College
735 Newman Springs Road
Lincroft, NJ 07738
[phone]
[e-mail]
http://score36.org

78 - Bergen 327 East Ridgewood Avenue
Paramus, NJ 07652
[phone]
Fax [phone]
[e-mail]

150 - Ocean County 327 Washington Street
Toms River, NJ 08753
[phone]
Fax [phone]
[e-mail]
http://www.oceancountyscore.org