How to open a store

Opening a store today is an adventure and requires having a little capital, some contacts but above all, a lot of self confidence, energy and perseverance. In this article from .com we want to give you some keys when creating a store, documentation, bureaucracy, financing, etc. Read carefully and if you have any questions leave a comment and if we can we will help you to open the project of your life, the store of your life.

You will need to:
  • Business plan
  • A good idea
  • Suppliers
  • Lots of energy
Steps to follow:

one

Do a business project . It is important that before starting the whole process to open a store, do some numbers to see if it is a viable business or not. We recommend that the numbers be based on these criteria:

  • Number of people who will pass in front of the premises
  • % of people who will enter the store
  • Average price of what people will buy
  • Margin on sales
  • Store costs: personnel, material, services, etc.

It is recommended that businesses where we will have few people in the store are business with a lot of margin and businesses that we will have many people may have little margin but always more than 15%.

two

The first step before opening a store is to have an idea, some questions like: what competition do I have in this store? Will I sell something that people need more every day? Will I solve a problem for the people in the city or neighborhood where I set up the store? This idea already works in other places? All these questions will help us to decide if our idea is something else, an idea to set up a project or just an illusion.

3

Validate the idea. Ask trusted people if the idea you have to open the store is good or not. In addition, ask people who are not so much your confidence because it may be that your friends do not dare to take away the illusion. Finally you can do a small questionnaire on the people who pass by on the street.

4

Get the papers . The granting of an opening license for any business should take between 15 days and four months, but, in reality, this process lasts between six months and two years. The first thing to do is go to the district board or the corresponding town hall and talk to the technician who processes the file. Another common mistake is to rent a place that is already renovated mistakenly believing that you do not have to do work and, when you process the opening license, the municipality requires changes because the previous owner had not made any formalities.

5

The costs of opening a store . In addition to the request of the name of the company after you must ask for the license to the town hall, that takes a little, the cost is relatively low, finally you must become autonomous, which costs € 238.79 per month, and electricity and water depends what you spend, then has the quarterly VAT that is the difference between purchases and sales (with invoice). Then the lease of the premises since in the invoices you have to retain a € 18 that is also paid every three months with VAT.

Another option is to set up a company but the cost of this is already € 1000 in documentation plus 2000 of social capital.

6

The name and marketing. It is important that to create a business that works you have a good name and a marketing behind more or less thought, once you have a good name you have to go to the commercial register you have to send names, you always have to list three different names. The cost of this is € 30 more or less.

7

Save on everything you can . The principles are hard and that is where you should save as much as possible since you must invest what you can in making yourself known, the key to a store, at the beginning is that people quickly know it. There are ways to save money by opening a store for example, that the wrapping paper itself is the one we use to give as a gift, that the shelves are simple woods hanging on the wall, that you distribute the advertising yourself, that you do contests where the prize is store material .

Tips
  • Most of the problems that arise during the processing of the license can be corrected with money. Or sacrificing part of the surface destined to the clients. The biggest conflict that can appear is that the necessary changes involve losing so much space that you end up going to another local