Thursday, March 26, 2020

Want to start a small business (beauty supply store)?

Thurman Buege: SCORE offers a starting a small business class that is great. The fee is small, and after you take the class, you can get free one to one counseling in the areas of your choice. The starting a business class will cover business plans, legal structure, financing, market and self analysis among other things. Score is a nation wide non profit organization which stands for Service Corps Of Retired Executives. I highly recommend it.

Adan Alipio: okay how can i get help with the set-up for my own business

Sammy Kar: line up the product distributors first to see what kinds of discounts they will give youmake an estimate of the initial inventory you will purchasecheck out the size of property you need to lease + add in the storage, point of sale system, etcfigure out how many employees you will need, and what it will take to compensate them + you might want to hire a payroll service, and definitely a tax specialistfind out the cost of insurance on th! e inventory and your equipmentmake your business plan using this information - see if you think you can sell enough at margin to make it workOK - now validate your plan with somebody on the same scale who does not think you are a competitor - also ask them about the headaches of running the business like shoplifting, employees who don't show up on time, etc....Show more

Emilie Santmyer: 1. Write a business plan.2. Get funding for the business either through a bank or investor.3. Get a beauty supply distributor. 4. Rent store space in a shopping center or wherever.5. Advertise and start out with family/friends working there.

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