How to Start a Retail Business
‘Main Street’ has now become a generic term synonymous with U.S. small business in general. But for many entrepreneurs, the prospect of joining Main Street in its more literal meaning – i.e. the primary retail street of a village or town – still holds an enormous amount of appeal as a business venture.
Given the right amount of market research, business planning, and financial support, starting a retail business (and joining the more than 24 million people who earn a living this way) can offer many rewards to the right kind of entrepreneur.
But how do you go about starting a retail business?
Here are some steps that you will need to follow (from a business planning, structure, and legal perspective) to open and operate a successful retail operation.