Wednesday, June 14, 2006

Starting a Business Series: Retail Shopping Store

As this series continues, I'll provide details on specific types of retailing. But for now, let's talk about in a general sense.

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the Small Business Administration, Entrepreneur, Start Up Journal, Wall Street Journal & Nolo’s Starting a Business – Resource Center. All four are great informational resources for the new/small business owner.

Check out Entrepreneur's How to Start a Retail Business Guide.

Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet.

National Retail Federation
North American Retail Dealers Association
Retail Industry Leaders Association

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

And what if you're selling online? While many of the processes will be similar, there are key differences. Check these out:

There are plenty of free informational resources out there. Check out these free articles:

Building Retail Business without Financial Muscle by James Little
Start a Small Retail Business with Multiple Sales Channels by Jacob Wren
Retail Selling Strategies by Donny Lowy

Hope that helps! I wish you much success & happiness in all your ventures!

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