Opening a resale shop

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Opening a resale shop by Mind Map: Opening a resale shop

1. What type of merchandise to sell

1.1. Collectibles

1.2. Hand-crafted items (mine and other's)

1.2.1. Pricing (how to figure out prices to sell for.)

1.3. Good used clothing

1.4. Anything that will make me money

2. Advertising

2.1. How much do I need to advertise

2.2. Forms of advertisement

2.2.1. flyers

2.2.1.1. hand them out

2.2.1.2. leave in mailboxes

2.2.1.3. pin to bulletin boards

2.2.2. business cards

2.2.3. word of mouth

2.2.4. Grand-opening celebration (send invitations)

2.2.5. local newspapers

2.2.6. build a web page

2.2.7. social media

2.2.8. promotions/coupons

2.3. What are some low-cost ways to advertise

2.4. How will advertising affect my business and profits

3. Location

3.1. Which area do I want to open in?

3.1.1. how much room will I need?

3.2. What can I afford to spend on rent?

3.2.1. Will I need insurance?

3.3. Are there other resale shops in the area? (competitors)

4. Obtain Tax Number and License

4.1. How do I do these things?

4.1.1. fill out and turn in applications

4.1.2. check online resources for filing paperwork

4.1.3. How long does it take to obtain these documents?

4.1.4. what is the cost of getting a tax number and/or register my business

5. Accounting

5.1. Record of inventory and stock

5.1.1. will I keep my own records or hire an accountant?

5.2. Profit/loss

5.3. Record of expenses

5.3.1. Which record-keeping software should I use

5.4. Record of sales

6. Employees

6.1. hire help

6.2. do it myself

7. Business Name

7.1. what will I call my boutique

7.1.1. Ask friends and family for advice

8. Bring in the customers

8.1. How to get potential customers to my store?

8.1.1. Strategies for bringing in the customers

8.2. Where do customers come from?

9. Possible obstacles

9.1. Financial problems

9.2. Health issues

10. Business Plan

10.1. how to create a business plan

10.1.1. parts of a business plan

10.1.1.1. cover sheet

10.1.1.1.1. My name/business name

10.1.1.1.2. date

10.1.1.1.3. contace information

10.1.1.2. contents page

10.1.1.2.1. headings for specific sections

10.1.1.2.2. sub-headings to make navigation easier

10.1.1.3. executive summary

10.1.1.3.1. basic overview (no details)

10.1.1.3.2. name the product or service

10.1.1.3.3. where will I sell items

10.1.1.3.4. who are my target customers

10.1.1.3.5. financial projections

10.1.1.4. specific sections

10.1.1.4.1. Product description (what is the product or service offered)

10.1.1.4.2. Marketing Overview

10.1.1.4.3. Marketing strategy

10.1.1.4.4. Financial informatiom

10.1.1.4.5. Implementation plan

10.1.1.4.6. Controls and measures

10.1.1.4.7. Appendix

10.1.1.5. appendix

10.1.2. free templates

11. Funding

11.1. Small Business Loan

11.2. Donations

11.3. Out of pocket