1. How to Start a Retail Business

2. Needed:
money
knowledge
decision about collaborators

3. Important factors location availability of retail space
laws and regulations

4. The retail space display of products
pleasant and comfortable atmosphere
exterior appearance and display
separation of customers from workers

5. Choice of suppliers amount sold by others
amount of advertising by supplier
requests for products by customers
quality/reputation of products
quality/reputation of supplier
proper agreements about payment
personal relationship with sales staff

6. Supply of products transport of products to store
storage of products not displayed

7. Selling People buy because they are convinced they have a need
People buy when their mood and feelings say they should

8. Advertising traditional methods ‘word of mouth’
involvement in local events
location and appearance of store
because of ‘exclusivity’

9. Risks Financial agreements with suppliers
Financial arrangements with customers
Bad choices or decisions

10. Conclusion Plan well Learn from others Learn from your own experience
Reinvent yourself when necessary
Don’t be afraid of risk