Can someone please give me details on how to start retail shop business?

like how much profit should i set, how much stock should i buy at first, How much capital should i reserve until i start generating revenue etc etc

Firsta nd foremost, check your business against the area you want to be in. If there are already several businesses doing the same thing, you may not do as well. Remember the three main rules of retail: Location, Location adn Location.

Next, you will need a busines license (from the local authorities,county clerk, state registrar etc).

Then you will need to find a place and negotiate a lease.

next, you will begin working on the property, painting and preparing. While this is going on, yo ugather together equpment and supplies, inventory and even employees if necessary.

lastly, you open.

Now, as to wha tyou will need to run, you take all teh costs involved from rent, to lights to water and employees salaries, and figure you will not make a dime for the first 1-2 years. If you can live while your business is growing then you will make it.

2 thoughts on “Can someone please give me details on how to start retail shop business?
  1. everything based on the palce that you are going to start..
    so first you chosse a very good business area, or a residentional area ect… then you may gte more profit… if you want to do some small business with small investment you can check it out on redzip.in , it contain investment structure and man power , and profit return calculations.. hope this may help you..References : http://redzip.in/

  2. Firsta nd foremost, check your business against the area you want to be in. If there are already several businesses doing the same thing, you may not do as well. Remember the three main rules of retail: Location, Location adn Location.

    Next, you will need a busines license (from the local authorities,county clerk, state registrar etc).

    Then you will need to find a place and negotiate a lease.

    next, you will begin working on the property, painting and preparing. While this is going on, yo ugather together equpment and supplies, inventory and even employees if necessary.

    lastly, you open.

    Now, as to wha tyou will need to run, you take all teh costs involved from rent, to lights to water and employees salaries, and figure you will not make a dime for the first 1-2 years. If you can live while your business is growing then you will make it.References :

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