₦airaland Forum

hola2ng:
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Business Plan -[/b]How about starting with a business plan which should contain whatever information is needed to decide whether or not to pursue your goal.
[b]Research/Feasibility study -Do your research and feasibility study. Go out and visit other boutiques around, see the way they operate,the kind of customers they deal with, where they source their supplies from, etc.
Target audience- [/b]who is your target audience? Students, teenagers, workers, etc ?
[b]Location- where is it going to be located, bearing in mind that the more highbrow the area is, the higher you'd more likely pay as rent . Also consider power problems, security, tax and Local govt. dues etc.
Capital- what available capital do you have. What are your cost and revenue estimates, etc all these really matter a lot.
[b]Competition- [/b]Who are your competitors. What are the things that'll make your boutique stand out from the rest, because believe me there are many of them out there.
Many other things for you to consider like finance, operations management, and marketing, among others. You need to take things one at a time.

Hope that helps, wish you all the best with your plans.

Thanks for these highlights. I have done the first two. Just settled on a location. I sure hope to beat the competitors.

globalaid, I will holla you once I am set.

Thanks all for the contributions.