Thursday, March 6, 2008

I would like to open a shop. Can you give me an idea of what I need to do? -

I have a bit of money and I d like to open an old fashioned sweet shop.I have NO idea how to get started, although my family do, but I don t want to be the only one not knowing what needs to be done?How would I go about getting a place to put my shop?What kind of people would I need to work for me? (Someone to do finance maybe?)And anything else I d need to know to get started.

You need to first have a vision. You said you wanted it to be old fashioned. So figure out what you want in the shop and what types of sweets you want there. If you are making them you obviously need to hire someone to make them and if you are buying them you just need to find a supplier. You need someone to be at the store doing sales (cashiering), it is helping to have an accountant (you should not have one on staff though, I just meet with my accountant once a week and go over the numbers they have been taught are important, he tells me what things we should be doing financially to be more successful), then you want someone to do your advertising. You need to let people know why your shop is different and awesome (why they should go there) and if you are not making sales you will fail, so the sales tasks are the most important in my mind). As far as getting a place, I would talk to a commercial real estate agent to help you find a place. In the area I live, there is a company called Commerce CRG that specializes in leasing and purchasing commercial properties.I also have 2 people helping me build a website and make marketing materials (FYI)Good luck with whatever you end up doing.

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