Hard to believe, but we’re already to the ‘Rs’ for our ABCs of Small Business Industry series! And today’s R is for… retail!
Now when we think retail we typically think of clothing stores. But retail can be broken down into a few different categories: store retail, specialty retail, non store retail, mail order retail, internet retail, and vending machines.
So you want to start a business in the retail industry… where do you start?
Start with a unique idea. Something you think will set you apart from other retail stores. Secondly, in retail, finding a location is very, very important. The location of your store can make or break your business’s success, so find a location early. Ideally, your location will be somewhere with excellent foot traffic, have adequate parking for customers, come with an office in the back, and, most importantly, an attractive shopping space. Along with finding a good location, don’t forget to check out the zoning regulations that apply to wherever you’re looking to set up shop.
Is the retail industry healthy?
According to Entrepreneur.com, retail is one of the fastest growing segments in this economy. More than 24 million people earn their livelihood thanks to the retail industry. Not only is this industry alive an well, it provides jobs for millions, beyond just the job of CEO.
If you want help starting your retail business, give us a call at 1 877 692 6772 or visit us at www.mycorporation.com!