A current trend for businesses nowadays is having it online or to manage an internet-based operation. The good thing about this is that you do not need to worry about overhead expenses such as utilities, manpower, rent and maintenance. All you have to do is create a website, maintain it with pictures, descriptions and the like. Seeking the help of a good domain registrar is a good investment for your business.

However, the time will come when you’d like to setup your online boutique in a physical retail store that you can formally call your business; a retail store where you see your frequent customers who either buy items or would just like to visit to see what’s new and hot.

Business Plan

Before you turn that idea into a business, there are certain factors to consider:

Feasibility Study – get to know your product, area, market, pros and cons and other aspects of your intended business.
Target Market – your preferred consumer is an essential key in your business plan.
Supplier – getting a good deal on the source or parts of your product helps in computing the projected expenses.
Location – setting up in an area with heavy foot traffic raises your chances to be known and frequented.
Production – the output your business provides should be based on sales. Keeping stock of dead sales isn’t a feasible move.
Creativity – businesses are not only about minds colliding but also by creating ideas to promote your product and brand name.
Patience – this is the most important rule if not aspect in every enterprise. Quitting is not the first option; remember that.

Setting up a Retail Store

Once you’ve acquired all the necessary backroom “equipment” for your business, it’s time to learn about the nitty-gritty aspect of it - you might want to consider setting up an Online or Offline Shop?

Considering one medium to the other takes planning to a higher level. Here are some examples of start-up physical retail stores you might want to consider: http://www.ansacareers.com/how-to-deal-with-opening-a-retail-store/