In order to open a boutique a potential owner must start with a desire to work in the retail industry and enjoy interacting with the public. Most boutique owners are those that choose to break away from the day-to-day grind of working for someone else and take the plunge into small business ownership. These owners are looking for flexibility in their schedules and to have control over their lives as well as financial stability. Boutique ownership can be a major step on this path.
Making the decision that you want to open your own boutique is the first step and one that should be applauded. You will want to start by putting a business plan and financial plan on paper before you physically lease a space or buy your inventory. This paper version will not only help you to focus your efforts, but as you look for financial assistance you will be asked for your business plan by just about everyone you deal with. Before anyone wants to put money into your efforts they want to see that you’ve thought about where you’re going and how you’re going to get there.
As you create your business plan you will need to consider such factors as:
What...
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