3 Steps to Consider When Opening a Retail Business | Retail | Retail Business | Retailers



Published
3 Steps to Consider When Opening a Retail Business | Retail | Retail Business | Retailers

In this video, join Ciara from ProfileTree as she takes you through all you need to know about the steps you need to start a retail business.

00:00 Introduction
00:30 Course Agenda and goals
01:30 What is a Retailing Business?
04:00 5 Key Steps to Starting a Retail Business
05:35 Create a Business Plan
10:05 What are you Selling?
11:50 Who are you selling to?
13:50 Choosing the selling medium for your business
16:37 Building your Financial Statements
20:05 Supply Chain and Margins
21:00 Build a Forecasted P& L highlighting
22:17 Investigate the foundations needed
24:40 Conduct your market research
29:34 Create your Buyers Persona
31:55 Make sure you're well-financed
37:15 Decide your concept and branding
38:43 How do you start creating your brand?
40:57 Think about your customer
42:22 Conclusion



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Check out our other courses

Principles of Retail
https://youtu.be/UZNWdOaIce8

Visual Merchandising
https://youtu.be/EGaMzVqezpE

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If you have questions about how to grow your business online, check out our website at https://www.profiletree.com for all our services!
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