Is there anything special I need to do when opening a clothing store?

Question

I'm 19 yrs old and I want to open a clothing store where I can sell clothes to an urban market. I don't know the first thing about it. and I alreadyhave the money for a location.

Answer 1

Whenever you start a new business, you should always begin by working on a business plan. There are lots of sites with information regards them, take a look at the link below, I'm pretty sure it will help you a lot.

Answer 2

Type into your browser, "Women's Wear Daily".
Subscribe to it if you would like to see how fast styles change
Then learn something about business.
Merchandising
Advertising
Organization
Display

Operating budgets
Planned sales
Planned markup
Planned gross margin % and $$
Expense control, Fixed expenses, and Discretionary spending
Inventory and unit control
Buying plans
Purchasing
Delivery time and necessary inventory
Turnover rate
Planning into a season and out, must be done as one plan, each season, and special holiday needs.
Markdowns, and shortage control
Insurance needs
Employee expenses and any benefits
Ones own salary needs
Necessary capitol to furnish fixtures, and initial licenses, deposits, leases, etc.

Cash flow plans
Business plan for at least six months, flexible.
Anticipated "net profit".
And all the unknown variables beyond ones control.
Called flexibility.

Without any, or none of these, it's known as
"flying by the seat of ones pants"

I don't mean to frightened you. People do it every day.

Good luck, and God speed.

Answer 3

The first thing you should do is open a business plan and then get everything set the way you want it.

Answer 4

The first thing you should do is come up with a business plan.

Answer 5

You should go to college and study business.

Answer 6

YUO. GET A BOOK FROM THE LIBRARY. BIIIIIIIIIIIIG HELP!