How Do You Open A Furniture Store?
• Decide what kind of furniture store you want to open. Remember that for each type of furniture, including antique, modern, design, retro, industrial and used, you’ll need a reliable supply line and customers. • Research the competition in your area. Find out what types of furniture they sell and what their prices are to determine whether there’s a market for the products you plan to sell. • Construct a sound business plan. • Calculate the costs of a venue, furnishings, equipment, inventory, and delivery trucks. • Budget for an ongoing marketing plan that includes street advertising, print advertising, television and radio ads, and online advertising with social media. • Remember to include the cost of accounting, taxes, business loans, licenses, and employees. • Make a conservative estimate of your returns. • Include the possibility of opening an online furniture store to complement your sales. • Raise the necessary starting capital. Explain your business plan to your bank or a priva
