How to Start a Retail Business

By Caron_Beesley, Contributor
Published: February 3, 2016Updated: February 3, 2016

‘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.

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