What kind of experience is necessary for starting a retail business?
What knowledge is necessary to start a retail business?
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Answers ( 1 )
You either need a rudimentary knowledge of several business sectors (see below)...or you need a strong circle of support you can count on..or pay for.
The sectors you'll need to have a working-knowledge of sales, finance, budgeting, marketing, management skills, inventory control, pricing metrics and wrapped within leadership. It's all tied together with common sense. It can be a bit more complex based on what you plan on selling via retail (ie: several types of items, or a limited offering), but the basic principles remain the same, whether it's a candy story or a large grocery store. Happy to delve in more if needed