Now and then I shuffle through the comment sections which follow articles discussing how to open an independent bookstore. I would like to do this someday, and I’m always on the look out for tips and suggestions I can file away in preparation for when that day comes. But I often don’t find many tips there – I find questions! Many aspiring new book store owners post a single query or two in response to what they’ve read, such as “I would love to open a bookshop, but what do I do first?” Read on for a great tip about what to do first to successfully open an independent bookshop!
What it takes is a willingness to spend some time thinking in depth about how to open a bookshop and then putting it in writing. The single best place to start if you are serious about starting a bookstore is by writing a business plan.
A business plan is the backbone of any business. The best business plans start with a mission statement, and then spells out every detail of the book store business-to-be. Various sections of the business plan will cover everything from a choice of location, shop design & fixtures, and sources for inventory to employees, tax considerations, and sources of financing. In fact, having a carefully thought out, well written business plan is instrumental in obtaining outside financing.
Without a business degree or previous experience in starting and running a business, the whole idea of writing a business plan might be a daunting one. However, there are many guides on the market that can lead a prospective book store business owner through the entire process of writing a business plan step by step. Through a combination of research, observation, and inspired thought the business plan will be fleshed out, and it becomes much easier to see just how someone passionate about books CAN successfully open a bookshop.
Source by: Lisa Sliwa