Most Popular Articles
New Retail Businesses
Juan Said:Is a retail Party Supply Store and A Party Rental Store two different businesses?
We Answered:I think you have a good idea since a party supply store is more about selling the plates, balloons & decorations for parties (consumables) and a party rental store would more likely rent tables, chairs, chaffing dishes, etc.(durable items).
You are still going after the same market, which you are familiar with; however, you will be targeting a different segment. The business plan for a rental store is much different than a retail outlet. You need to consider the higher assets that will be required to have enough rental equipment to maximize your sales while not tying up too much capital during the off-season.
Lillian Said:How can I find out what new retail businesses are being built in my area?
We Answered:Check with the Chamber of Commerce, energetically develop relationships with business people in the know, and canvass, checking it out when you see new buildings being put up, new signs put in front of old buildings, any other visible changes. Check the building permits filed at city hall. These include renovations of buildings to put in new businesses, as well as new structures. To get new accounts, you have to meet new people and keep up all the new things happening every day. To keep your old accounts, and to turn one-time sales into repeat business, you have to do the same things.
Juan Said:What's the best way to estimate space needed for a new retail store?
in order to realise your selling potential you need to compare stock ordering in to base, to stock POTENTIAL to be sold Vs the competition sales revenue. You need to use your 4ps and market your brand well using an attractive method. best way would be word of mouth for you women.
Elsie Said:What is the best retail company to work for as far as starting a new career as a female of 54 ?
We Answered:Unfortunately the majority of the retail business does not pay well unless you're in a management position. I was a supervisor at the Canadian chain of Canadian Tire before starting my present career and I made next to little. Now that being said, there must be greater options in high end retail, such as Jewelry, Furniture ect. However I would recommend staying away from places such as Walmart, Target. With your education level, social work and maturity, I would think any retail store would welcome you with open arms. Good luck.
Tara Said:How can i make a Book of products items offered in my new small retail business?
We Answered:What you are trying to create is an in-store catalog. There are several ways to do this. Some wholesalers/manufacturers will provide their catalog to you without prices. You just display this along with a retail price list.
Your other options are to use a desktop publishing software to create your own catalog that you then have printed (if you are handing it out to customers) or create a website for both the items you carry in stock and those out of stock and put a internet-browsing station in your store.
Joyce Said:Im 20. How can I get a loan or grant for a new retail business?
We Answered:BEWARE OF SCAMS -- such as the first answer
It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for starting a for-profit business.
One possible exception is for companies developing or exporting agricultural goods, including food and forest product. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs http://www.sba.gov/aboutsba/sbaprograms/… , which fund the research and development of technological innovation that meets specific government needs.
Your best bet actually will be from the states if they offer grant programs for women (or any other special interest groups -- minorities, women, disabled, veterans, etc). Or check with non profit organizations, particularly women organizations if they offer grants. Examples include
Iowa Women's Foundation http://www.iawf.org/
New Mexico Women's Foundation http://www.nmwf.org/guidelines.html
Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/mostrequesteditems/CO…
"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."
Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.
Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.
Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program
Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs
Nora Said:What would be a cool name for a new computer retail brand?
We Answered:Puter Guy(s)
Geeks 'R' Us
RAM Speed Ahead!
RAM & ROM
That's all I can come up with right now.