how much money do i need to start a music store?

Question

how much money do i need to start a music store?

Answer 1

Let me recommend that you talk to a business counselor before you do anything especially spend money. You have to determine whether you'll start a web based business or one with a store front. I'd call the local office of SCORE (go to http://www.score.org and input your zip code to find the chapter nearest you), the advice is FREE.

The counselor at SCORE will most likely advise you to write a business plan which is very good advice because it will force you to dig out all of the start up details and the costs of starting a music store and force you to also understand all of the aspects of this business including the customers you'll concentrate on (your market ) and how you'll go after them.

You'll need to register the business with your state controller's office and make sure that you have any city and county licenses if any are needed where you live. All of this will come out in a business plan.

Try this link :
http://www.ychange.com/small-business-consulting-articles.html and read some of the articles especially the ones about a business plan and starting a business.
Good Luck

Answer 2

Why would you ever want to start a music store? Music stores are in a double squeeze. Department and electronics stores offer better prices on basic fare, while online retailers offer both better price and better selection at a cost of less than immediate delivery. Tower Records went bankrupt earlier this year because of that...

Answer 3

200K, Min. and a good business plan.

check out www.howstuffworks.com to learn about this and staring a business .

Good luck