When considering opening a retail store what are some expenses that people tend to not think of? Other than rent, and bills for phone and the basics.
Thank you.
2006-10-22 11:14:24 · 4 answers · asked by Anonymous in Business & Finance ➔ Small Business
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 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!
2006-10-23 05:05:14 · answer #1 · answered by TM Express™ 7 · 0⤊ 0⤋
That is exactly the point of a business plan. Check out your local library for books that will help you think of things that you may be overlooking. Many books offer sample plans.
2006-10-22 18:26:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Advertising! Some tend to think if you open it they will come, well they won't if they don't know where you are or what you have for sale.
2006-10-22 18:25:43 · answer #3 · answered by Norbus 2 · 0⤊ 0⤋
Lots of hidden cost. Restock, employees,advertisment(sales,store,ect.),shelves,racks ect, sales taxes, even the bags and price tags can add up ..
2006-10-22 18:24:47 · answer #4 · answered by www.WheelchairBilliardsQuest.info 1 · 0⤊ 0⤋