Interested In Starting A New Business
by entreinterest, Window Shopper
- Created: July 7, 2009, 1:36 am
Background: I am interested in starting a small retail business (sole proprietorship) selling cell phone accessories (covers, chargers, etc.). I would probably just occupy a small space in a local mall.
Question 1: I know I would have to pay for the lease of space in the mall, starting inventory, cash register, computer, credit card machine, and display shelves. What other startup costs might I have?
Question 2: Once I begin running, I would have to pay for employees, electricity, possibly Internet service (is electricity usually included when you buy space in a mall?)... What other 'operational' costs might I have?
Question 3: How much money do I need to have set aside to open this business?
Question 4: As far as licenses or other legal obligations go, what do I need to do?
Question 5: How do I go about obtaining inventory at the best possible price? Wholesale? Straight from the manufacturer?
Thank you for your help!
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