Sunday, May 24, 2009

Can anyone guide me step by step on how to open my own shop? -

I was thinking about opening my own store in a few years, nothing big, just a store that sells plastic, or whatever. So can anyone tell me what i need to do step by step? (how much cash approximately i need, what kind of inspection i need to pass, how to get a working certificate...)thanks!

HiStart by creating your business plan. It will help you to stay focused.One of the steps in a business plan creation is to make a list of operational costs. You will fill the list by the time and after doing your researches you can calculate your costs and how much you need to operate the shop.But first you need to know your target market, who they are. Your competition, who is operating in your area and what are they strengths and weaknesses.How to get your first customers. How it will cost you?Make a cash flow plan/analysis of your shop for the first year using best, worst and most likely scenarios.About permissions and inspections you can contact the organizations that represents the companies operating in the industry.But if what you want is to open a plain shop, not any specialized products for food, chemical or medical industries I guess you shouldn t need any especial permissions. But ask at sba to be sure.Best successEstaniChapel

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