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What’s first

chadkchadk subscriber Posts: 1
edited February 2007 in Business Planning
First of all i`d like to say hello to SUN members out there and say thank you ahead of time. I am in the process of writing up my business model and i understand that this is the first critical step in starting my own business. What i am concerned with is the process of getting financing, leasing and accounts. I am planning on opening a streetwear boutique but i`m not sure of what steps to take after completing my business model. The company that owns the location i would like to lease from needs to see my business model before they invest anymore time with me. I don`t want to sign a lease agreement if i can`t guarantee what products i can supply my store with. In the same token i can`t get a supplier to open a account if i can`t prove i have a store front? Do i focus on getting a location before i start worrying about being able to open accounts? If anyone has personal experiences i would love to hear them.
Thanks,
chad

Comments

  • MNGrillGuyMNGrillGuy subscriber Posts: 2 Member
    Do you have suppliers who will supply you at your price point?  That should be first.
  • Wirehead321Wirehead321 subscriber Posts: 0 Member
    I agree with you totally. I have a business that was started in my home office some years ago that imported books from the UK. This was before the internet really got going. I still made a good living. Still if your suppliers want give you a price point become you don`t have a store go to another supplier who will. If you are going to import from overseas then the Dept. of Commerece has all the information you need about getting a supplier. I did that for a business I am working on to import Anime japanese animation to the US. I found three suppliers and I am designing an online store for that purpose. So I would look over your model, but think outside the box. Get your clients to buy from your site then expand into a store if neccessary. 
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