Start up costs for starting a small retail business?
I am planning to start my own small retail store in or near Glendale CA. I am thinking about opening a type of dressup/makeover store for kids where they can come and play dressup, have makeovers and even purchase costumes. The type of place that will also have birthday parties etc...Mostly geared towards girls 10 and under. My dad is planning on helping me to start this business and he thinks that that it will cost about $50-60k to get started. I want to start a business plan....I know what I want to do...I just don't know yet how to do it or how much it will cost to start and would like opinions from others who know a bit about small retail stores and starting them. Thanx in advance!!
Since you've never been in business before, I would strongly recommend that you talk to a business counselor before you do anything especially spend money. You have to determine whether you'll start a web based business or one with a store front. I'd call the local office of SCORE (go to http://www.score.org and input your zip code to find the chapter nearest you), the advice is FREE.
The counselor at SCORE will most likely advise you to write a business plan which is very good advice because it will force you to dig out all of the start up details and the costs of starting a dressup/makeover retail business and force you to also understand all of the aspects of this business including the customers you'll concentrate on (your market ) and how you'll go after them.
You'll need to register the business with your state controller's office and make sure that you have any city and county licenses if any are needed where you live. All of this will come out in a business plan.
Try this link : http://www.ychange.com/small-business-co... and read some of the articles especially the ones about a business plan and starting a business.
Good Luck
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how to i start a retail business
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