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    Question

    how do i start my own retail shop?

    a few seconds ago 3 Answers

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    Hi Laquithi... Well... where do we start, because this is a huge massive topic! You will definitely need a good bit of money to get going, plus a business plan. The most important thing is passing traffic - i.e. how many people pass the store front to your shop. A turn down a side street can mean the difference between success and failure. Spend the most amount of time finding the best location and negotiating tough with rent. Figure at least $700 a week for leasing, plus $15,000 startup capital (minimum). The next part is finding the products and negotiating with suppliers. Start by using a search engine to find this data - look for "wholesale XYZ". There are now global marketplaces that can help, such as Alibaba. Good luck, with $30,000, a solid business plan and the best location you stand a chance. remember that 50% fail within the first 2 years. As an alternative you could look to smaller business ideas and use these to generate funds to fund bigger ideas. Shaun
    a few seconds ago

    Other Answers

    • Your not giving a whole lot of detail but you need a business plan and some capital.

      by Hilary - 10 hours ago

    • Contact a group called Score (score.org ) for help in developing a business plan. The questions you ask, along with many others, will be part of that plan.

      by Judy - 10 hours ago

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