Thread: Renting a Shop
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      11-28-2008, 05:01 PM   #7
M3-FAST
Defected to the dark side.....
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The main thing you need to do is work out the daily running costs of the shop.

Then work out the profit per item and see how many items per day you need to sell just to break even.

Then double that amount so you have some profit and working capital and to pay for things like web site costs.

Might be worth trying to establish a similar business working from home first and attending craft fayres etc before taking the plunge and opening a shop. I think you will be horrified how much you need to make (clear profit, not turnover) per day just to survive.

You also say you want to be found high on Google. Have you any idea how many thousands a MONTH firms pay to be number one on Google! Not a cheap thing to achieve! Then add on your on going web site costs. If you want to take credit cards you will have merchant costs involved also.

It is a tough world out there!
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