How Do You Start An Independent Bookstore?
If you’re interested in starting an independent bookstore, the challenges are many but it can be done! This article will tell you how. You need a business name and sales tax I.D. or reseller’s license. These are typically gotten through the county in which you live. Check their website for instructions or feel free to call your county clerk’s office. A business plan is imperative before you open your store. It should include your start-up expenses and estimated expenses for the first three months of business. This means rent, build-out of your site (adding fixtures, signage, phone lines, repair work, etc.), utilities, business insurance, staff, and of course your inventory! Your plan should also include your advertising methods and marketing budget. You will probably need a business loan to get you started. Try banks that specialize in small business loans and it may be best to wait a few months until you have a down payment saved, just like getting a mortgage for a house! Your busines