Retail Start Up
Business & Advisory
Opening a shop can be an exciting and rewarding experience. However, it requires careful planning and preparation. Here are some of the first steps you should consider:
Research and plan: Start by researching the market and identifying a suitable location. Determine what kind of shop you want to open and create a business plan that outlines your goals, budget, and marketing strategy.
Determine legal requirements: Check with your local government to find out the legal requirements for opening a shop in your area. This may include obtaining a business license, registering for taxes, and obtaining permits.
Secure financing: Determine how much money you will need to start your shop and where you will get the financing. This could include personal savings, loans, or investments from family and friends.
Choose a name and register your business: Choose a name for your shop and register it with the appropriate government agencies.
Find suppliers: Determine what products you want to sell and identify suppliers who can provide them at competitive prices.
Set up your shop: Decide on the layout of your shop and purchase the necessary equipment, furniture, and decorations.
Hire staff: Determine the number of staff you will need and hire them based on your budget and business needs.
By taking these steps, you can lay the foundation for a successful shop and increase your chances of long-term success.
Instant business advice whilst on the go, Understanding that business
owners have little time to seek advice and support in this fast paced world, We offer ‘Live Chat’ opportunity which enables start ups, entrepreneurs and business owners to speak remotely with me without the need to travel.
Whether you have a business idea you'd like to explore or you're already running a small business, As an experienced Business Advisors I can provide you with free business advice, guidance and support.
Here at the Retail Doctor, I deliver free initial business advice and support online via our Live Chat Service and face-to-face business advice.