HOW TO START A RETAIL BUSINESS

August 11th 2014 at 1:29pm Published by firstdownadmin

While estimates of total costs will vary according to type of retail and shop location — “Entrepreneur” magazine lists start-up costs between $2,000 and $50,000 for different retail enterprises from antique furniture sales to musical equipment sales

 Steps to Open a Retail Store

1. Choose a Legal Structure for Your Retail Business. …
2. Choose a Name. 
3. File for an EIN. 
4. Determine Your Products or Services. 
5. Determine Your Channels. 
6. Research and Know the Laws. 
7. Define Your Customer Experience. 
8. Write a Business Plan.

Depending on your town, county and state laws, you may be required to obtain some or all of the following licenses and permits:

• Resale license or sales tax license.
• City and/or county business license or permit.
• “Doing Business As” (DBA) registration.
• Fire department permit.
• Sign permit.
• Health department license.

Looking for a small business funding that fits your business budget?  contact First Down Funding for funding options.