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HOW TO START A RETAIL BUSINESS

August 11, 2014 1:29 pm Published by Leave your thoughts

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 loan that fits your business budget?  contact First Down Funding for funding options.

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