Find the right premises
If you’ve thought it all out, read and you’re still convinced that the right way to go is to get your own retail place, here’s how you go about it. In order to work out the detailed costs for the first year of your business, the first step is to find the premises. From there you can plan what has to be spent to prepare it for business and how much you will have to pay in rent, rates, insurance and so on as part of the expenses of the business.
The estate agents’ mantra is “location, location, location,” and there’s a great deal of truth in that when you’re looking for your first retail outlet. It’s amazing what you can do with any building – you can expand it, change the layout, completely alter its appearance, ...