I d suggest talking to other small businesses in the area you are thinking of locating. You can probably find some easily who would be willing to take a lunch with you. Ask them about the process they went through to get ready for business, what foot traffic in the area is like, what their biggest surprises were their first few years. Pick their brains a little you never know what good info you can get from people that are in your impact area, plus this allows you to start networking , meaning if they know you they may send business your way.Look at your expenses and make sure you have everything covered. What is your estimated income for the store? What will you be able to do if you re running under plan? How can you ensure a steady supply of product? Look at the store next time you go grocery shopping and ask yourself how they get things stocked, inventoried, rang, bagged etc and have answers for how that will look in your store.
Film documentary The YES Movie produced by Louis Lautman.The film filled with successful stories of today very young entrepreneurs.You might get more valuable insights.
I suggest doing some reading on Micro-Economics. Micro-Econ is about individuals and the choices they make and how those decisions affect the market place. It also deals with how supply and demand works.
