The Goba Store

Posts Tagged ‘retail’

Question by linda s: i want to do an small business plan on an small retail store, i need an sample of an retail business plan.?
also i need an pre approved loan application of $ 5,ooo to start mine business.

Best answer:

Answer by shamieya
www.bplans.com

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Question by Carol Q: Do I need a business license for an online retail store?
I am in the process of setting up an online retail store in the state of California. Do I need a business license? I have a sellers permit and an ein. When completing supplier applications I am sometimes asked for a copy of my business license. Since it is not a physical store, I was wondering. They offer a lot of information for people starting businesses, but I guess they forget to be simple with their information. Thanks, I would appreciate a knowledgeable experienced person to answer please.

Thanks

Best answer:

Answer by Jacob
I’m not the expert here but generally a business licence is required when there is an opportunity for a local, state, or federal agency to collect sales tax. So if you sell products from your website in the state you live in, you need a licence to they can collect sales tax from you. I assume the same would apply for local taxes. Check out the link in the source section.

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Question by Andrew: What is a more practical way to start a retail jewelry business, a store front or in a jewelry exchange?
I’m currently going back and forth with this decision. I’m looking forward to hearing the pros and cons from experienced business owners. You in put would be greatly appreciated.
Thanks.
I’m sorry, I forgot to mention the location…. South Florida. Broward County to be exact and yes there is a jewelry district down south in Miami about one hour away.

Best answer:

Answer by -
Depends on where you live, and if your area has a diamond district, or a location known for having jewelry. Also depends on how much cash you have to play with.

Hard to tell…

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Question by sam A: Clothing retail store business managment?
I want to open a store selling mens clothing garments like burtons, topman or g-star raw.

How will i do up the retial shop cheaply, quickly in many locations.
How do i manage the team and make sure i make money?
Any retail trade secrets?
Any fashion brand retial tips,advice or secrets?
Clothing manufactures?
useful infomation?

Thanks alot

Best answer:

Answer by Flippy
When buying property for your shops keep in mid that renovation is far more cost effective than buying a new shiny shop. If you buy an old property for £250,000 and spend ~£2,000 on renovation, you could end up with a shop that looks exactly the same as if you bought a fully renovated shop for £300,000. Keep that in mind! As for managing the team: always keep in mind that people, no matter how loyal they seem, will try to steal off you. A series of CCTV cameras with a recorder is a must, especially over the till and looking at your products; you don`t want shop lifters. Don`t hold back on giving different members of staff different wages depending on how hard they have been working. Adding such a bonus can be a real motivator and will encourage everyone to work hard. Asd for brands of clothing, budget brands such as TU and Crosshatch are stylish, come cheap and sell well, but the only problem is that you too have to sell them relatively cheeply. If you are looking to sell clothes that are more expensive, the best things to aim at are branded clothing items. These are items of clothing that are made by an almost unknown company and then have a trademark such as the Nike tick or the Adidas symbol sewn on. These sell for a rediculously high price just because of the brand; e.g: wholesale shirt +Adidas symbol: 75p. Retail: £25. Profit= £24.25. People are prepared to pay these ludicrous prices just for the brand. As for retail secrets: make people think they are getting a good deal; one well known and practiced way is to brand some products as `sale` or `special price`, and charge customers the full intended price. If authorities get suspicious, tell them: `I am going to sell this t-shirt for £30, and now it`s on sale at £25`, when infact the off-sale £30 is a rip off and £25 is the regualr price. In your shop you can price things as you wish. It`s always important to stay on top of your accounts. Good luck with the business!

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Question by Warrior: retail store accounting is enough knowledge to run your business?
Everyone knows to run your business you need accounting knowledge,so, i learned how a business retail does its accounting daily,do you believe that knowledge is enough to run my own business,talking just about accounting knowledge.
we balance around $ 10,000 daily

Best answer:

Answer by Monique Sanders
It is a good start. You should probably have a professional to review your books at least quarterly to ensure that everything is correct and identify any trends that are occurring in your business to assist with your profit and growth. Another thing to consider is your expertise is in retail. It may be a better use of your time to pay someone to do your books and you focus on what you do best. For example, if it took your 6 hours a month to do your books when a professional could do it in three hours, you would be loosing those six hours of purchasing, displays, or whatever you do to make your business profitable. And as I am sure you know, time is money!

www.mlsconsulting.biz

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Question by kevin s: Can retail store owners deduct their milage between home and the store from business taxes.?
The business would be run as an LLC and there are three partners.

Best answer:

Answer by wartz
No. It is commuting miles and it doesn’t matter if you are an employee or own the store, you can’t deduct it.

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Question by aj128128: where can i find a good business broker for the wireless retail store?
I have a wirless retail store i want to sell.
Where can i find a good business broker that specialize in wireless?

Best answer:

Answer by Ron H. ♠
List where you live and I can help you better.
I work with lots of brokers in my line of work. I appraise machinery and equipment for business sales.

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Question by Elmo: starting a new retail store business….where should I look to for distributors and wholesalers?
I will be selling dvds, cds and stuff in that line…sort of like fye…thanks in advance

Best answer:

Answer by Ircaldwell
While there are many resources available to find suppliers, such as Alibaba, EC21 and a ton of others. If you check their members forum (Alibaba for example) you will notice that even their “Gold” and “Trust” members are being accused of scamming.
Finding the right supplier is a hit and miss game.
Both sides of the field (Buyers/Sellers) have their share of scammers you must watch out for.
Take your time and ask MANY questions to anyone you are considering as a supplier.

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Question by pilotinsky: What are business licenses required for small business (furniture retail store) in Naples, Florida?
Open a small retail shop soon in Naples, Florida (Collier county).
I will be the owner and sole partnership.
What are the licenses I will need to apply in order to open for business?

Thanks

Best answer:

Answer by extremenerd
Contact the local Chamber of Commerce. They will be able to provide you with all of the details you need in order to open your business.

http://www.napleschamber.org/index.asp

Hope this helps!

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Question by sita: What kind of business insurance is needed for a small business retail store?
& on average, how much does it cost (it will be in Brookly/NYC)

Best answer:

Answer by LAURA
You will need workman’s compensation which will vary on the amount of employee wages you pay. You will also need to have liability insurance in case a customer gets hurt in your store. Typically people will get a commercial pack which includes your liability insurance and insurance on your store contents which will cover your merchandise and your fixtures and store interior. Your landlord may also require you to have an additionally insured clause on your policy which means your insurance will pay for any damage caused to the building due to you. Your commercial pack will vary depending on the amount of merchandise, the type of building, the cost of your interior and other variables. If you have $ 100,000 of inventory and $ 100,000 in interior and fixtures your policy my be in the $ 2000.00 a year ballpark. The additionally insured clause is pretty reasonable about $ 50 a year or so.

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