Starting a consignment shop is sure to be an exciting business adventure that has the power to be extremely successful or can unfortunately fail like a large percentage of small businesses. Be sure that you fall into the first category, the successful category, by taking all the necessary steps to set your business up to succeed. One of the first mistakes many new business owners make is a lack of planning and strategizing. Meaning, these owners simply dive into opening a business without putting the time and energy into carefully researching the industry and the necessary steps that need to be taken to be successful.
When starting a consignment shop your very first step should be to create a well thought out business plan. The goal of this plan is to:
If you have contemplated starting your own consignment shop, then it is about time you take action! Sit down with a piece of paper and quickly sketch out your business plan. From this point on, you can add to your plan and add more detail, but the most important step is to start planning! With a solid business plan, you will find that starting a business is going to be a lot of work, but it will pay off in the long run when you follow your plan. Take the first steps in the exciting journey of becoming your own boss; start putting your business plan together today!