These are the best step-by-step guides on content, presentation and execution of a business plan still in print today.
Setting the right price is a crucial step toward achieving that profit. Retailers are in business to make a profit, but figuring out what and how to price products may not come easily.
A reader writes:
How do you find wholesale items? I can find the retail items, but don't know where to go from there to get it wholesale. Is there some prerequisite, tax license, etc. that's needed before you call.
We often receive similar questions by retailers looking for merchandise for resale. Buying wholesale merchandise can be quite tricky when you're just starting out. Can you remember your search for wholesale products? Join the discussion and share your experience.
As the new year approaches, we're receiving several invitations to trade shows. There are dealer shows, industry shows and an array of upcoming expos. Like most retailers, we're excited to have an opportunity to shop for our store, preview new merchandise and network with others in our industry.
Attending a trade show can be an invaluable experience. However, if you aren't prepared, you may not take away from the event as much as you could. To get the most from attending a trade show, you should have a strategy. Learn how to maximize your time with these trade show tips.
Related:
When we selected a retail store front for our fishing tackle store, we found one less than a mile from the lake. The rent was reasonable, the size ideal and we believed we had chosen the perfect retail store location. We didn't realize at the time that there were so many bad aspects with our choice. From no visibility, improper lighting, and the wrong kind of traffic to a restrictive lease, we were almost doomed from the beginning.
Experts have debated that the right location can make or break a business. However, I'm sure most would agree that there are many factors to consider when choosing a retail location. Before you sign a lease, understand the types of retail store locations and find one that fits your business model.
Did you research locations before opening your store or did you open in the first available building? Tell us how you choose your retail location. Would you do it differently if you had to do it again?
Most of the people reading this blog came here with a common goal. That is, to learn about some aspect of starting and operating a retail business. Yet people choose to go into business for themselves for many different reasons. We each have different driving forces that lead the entrepreneur in us.
Poll: What motivated you to want to start a retail business?
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