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Want to start an exclusive watch store. filter_list
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RE: Want to start an exclusive watch store. #5
Plan:
Unique policy from competitors.
Plus a good location and low crime rate.
Good renovation of the store (since it is the main factor for in-store sales)
Launch the website along with it, and prepare the marketing plan few weeks beforehand along with the site.

Finance
First of all for finance, try a entrepreneur or family member and pitch the idea.
Get a loan (which i oppose) since it depends if you already have or will eventually get the revenue and income, in which cases you may or may not need a loan. The main factor is interest rate.
Local governments can also give you a grant without interest.
Basically, there are multiple policies which you can use, you dont have to go through the normal channels to achieve your goals.

Although it doesnt have to be a business loan, it could a maintenance or student loan (no interest- depending on the country)

Work
And of course if you're very young, or you can afford to;
Go to university complete a degree.
Build CV alongside, no cliches.
Start doing small jobs, apply for bigger management roles when you finish or maybe night shift according to circumstances, and build your income.
I'd say you need 30,000 to 50,000 to get a good inventory for high end, or maybe 25000 for majority small end.


I have more experience with management than i do with the industry, but any industry such as retail is penetrable, if you believe in it, you will make good decisions in the interest of the business, if you are scared or reluctant you will make small contributions and your business could fail, that i know for fact.

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RE: Want to start an exclusive watch store. - by geyu29 - 01-25-2019, 12:39 AM



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