How to write a business plan for a store or a boutique & open a store or boutique

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For help on how to write a business plan for a store our a boutique, and how to open that business, try my business apps http://www.problemio.com

Many people write to me and ask how to write a business plan for a store, or how to write a business plan for a fashion boutique. So in this tutorial I explain some of the key components of how to write a business plan for a store, and go over nuances that you might encounter as you try to open your store.

It is actually very difficult to open a store because opening a psychical location requires a substantial amount of money. And there is a trend of sales being made online rather than generated in stores. So when you write the business plan for your store, make sure you cover the costs and how you plan to generate store traffic and sales since the big question will be whether you can get people to shop in your store instead of shopping online.

The growing trend of people shopping online means that if you open your store or a boutique, you will be losing more and more sales to the online world. So you must have a plan for how to counter the trend of sales being made online.

You should definitely have your own website and an online store. That way if people want to shop online, you can at least give them the option to shop in your own online store. Here is how to create your own website quickly and professionally:
http://www.problemio.com/website.html
And who knows, at some point in the future, your online store may be more profitable than your brick and mortar store.

Additionally, here is a full tutorial about how to write a business plan for a store or a boutique, and then how to open a store or a boutique.
http://glowingstart.com/write-business-plan-open-store-boutique/

Additionally, to know how much money you will need in order to open a store or a boutique, try creating a cash flow statement. This is explained in the video. A cash flow statement is a very important part of almost any business plan and you should certainly understand the finances of your store before you open your store so that there are no bad surprises after you put a lot of money into starting your business.

This video explains how to write a business plan for a store and how to write a business plan for a boutique. Here are a few more tutorials on how to plan and start your business.

Business plan for a fashion business or clothing line:
https://www.youtube.com/watch?v=wqcjxFEBFYI

Business plan for a day spa:
https://www.youtube.com/watch?v=LYOZUyVTe1c

Business plan course
https://www.youtube.com/watch?v=i19XAhb0-BM

Book on going from business ideas to starting a business:
https://www.youtube.com/watch?v=XtmJEeZmiig

What is a business plan
https://www.youtube.com/watch?v=T63QsuNIwZA

What is a business model:
https://www.youtube.com/watch?v=dsUz6lfXCkE

How to make money with ads:
https://www.youtube.com/watch?v=eAw7JowBjc8

Hiring tips and strategies:
https://www.youtube.com/watch?v=LEPLs1dOBZg

How to identify your target market:
https://www.youtube.com/watch?v=loHvzCFnAvg

What is KPI and how to use it in your business:
https://www.youtube.com/watch?v=fx1x33DKmGc

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Comments

Start & Grow Your Business says:

Tips for opening a store or a boutique #smallbusiness #smb #retail´╗┐

Start & Grow Your Business says:

If you are writing a business plan and have questions, feel welcome to post
your questions in the comments here on YouTube and I’ll help you :)´╗┐

Alex Genadinik says:

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