Maybe you are a big shopper yourself and you've fallen in love with shopping in small stores rather than in the huge ones that can sometimes confuse you. Or, perhaps you just want to start your own business, and you realize that owning a boutique would be a good one for you. No matter the reason for your interest, here are some things for you to consider as you plan this important venture.
Where Will You Get The Money To Open Your Boutique? - If you've inherited money or have already saved it yourself, you're obviously good to go. If you have to come up with the money for your business in other ways, here are some considerations.
- Like many others have done in starting a business, you can take all the money in your own savings account, sell belongings and scrape up the rest of it by borrowing friends and family. If it means enough to you, you might even have to beg!
- Another idea is to get others to actually invest in your boutique. If you do this, have a very detailed plan of what you propose to do with the money. They will be part owners which can be a very good thing, as they may bring their own experience and brain power to the table.
- Venture capital is a solid way to get funding. This is where your money comes from wealthy investors, banks or other financial institutions. Again, you'll have to present your business plan to them for their consideration.
Who Will Do The Buying For The Boutique? - Many people shop in smaller specialty shops because they want unique clothing, home decor, jewelry, and other original objects. Choose somebody who is creative and who has a good eye for finding one-of-a-kind merchandise. It would be great if this person could also set up the boutique with you, as the same creativity will be needed in your decor. If you are that person, you'll have a lot of fun shopping!
What About The Location Of Your Boutique? - Finding a realtor that deals in commercial real estate is a really wise move. The right person will be essential in finding just the right building in the best location for success in your new venture.
- Of course, you are looking for a realtor who is fully licensed. Get recommendations from friends or from people in the business world and plan on talking to more than one agent. Find out how long the realtor has been in business. Get references!
- You'll want a realtor who is not also selling residential properties, as your realtor's expertise should be focused on commercial locations. Be sure that the agent is working for you, and not for the seller.
- Do your personalities connect well? Will the realtor return your phone calls promptly? If the realtor doesn't have the answer to some of your questions, are there other realtors that are available to help? What about the realtor's web presence? If problems arise, will your realtor be readily available?
For more information, contact Baddour And Associates Commerical Realtors or a similar company.