It’s hard to overstate the importance of choosing the right location when starting your small business. We’re sure you’ve heard the saying 1,000 times before, Location, Location, Location! Some of the world’s most well-financed franchises have this weaved into their business DNA. McDonald’s Ray Kroc is the perfect example. When asked about the business, this well-know American businessman and philanthropist once stated, “We are in the real estate business, not the hamburger business.”
We did our best to keep costs down, but there was only so much we could do. We needed the shop to go up quickly, which eliminated the prospect of me doing some of the work myself. Additionally, we live in a neighborhood with a homeowner’s association. This means we have very specific restrictions for what we can and can’t do on our property. So the shop must have all of the same finishing touches as our house.
Though store planning software isn’t a necessary tool for the average small retailer, it can certainly come in handy if you are looking to develop specific planograms, such as for the holiday season or a special event. Store design software is more common for multi-location retailers that want to deploy the same planogram in multiple places. Either way, if you are looking to build planograms, DotActiv offers a handy free tool.
You can typically find paneling in pine and cedar. Pine is cheapest, looks fine, and will do the job. Cedar is more expensive, but it looks and smells awesome - and it’s resistant to mold and mildew. Paneling comes in different thicknesses, but we recommend using ¼” (5/16”). Thinner paneling weighs less, costs less, takes away less interior space, and will bend with your van’s contours.
You might be thinking your business aspirations are too ‘early-stage’ to merit investigating the permits required to run your small business. You’d be wrong. The costs and requirements of staying on the right side of the law should be factored into your initial business plan and ongoing projections. In the long run, this will save you time, money and heartache.
They say nobody ever started a small business out of a love for numbers, but if you really want to stay the course, you’re going to want to fall in love fast. It’s only by keeping detailed accounts and tracking your business’ numbers over time, (net sales, cost of goods sold, and average transaction size) that you’ll start to gather the actionable insights you need to make intelligent business decisions.