Nowadays it is difficult for people who want to open their own store, but there are still people who dare to do it. There are many empty shops. The sector is being hit hard because part of the trade has shifted towards the internet. On top of that came the economic crisis. However, entrepreneurs with a good idea and a clear business plan can still get started. It is important that they persevere and show initiative. Read all about it in this article. You used to be able to earn good money with your own shop. This is still possible, but we need to work harder. Fortunately, there are still people who want to open a new store. However, there is a lot involved. It is especially difficult these days. This is because many shops are going bankrupt and there are many vacancies. The main reason for this vacancy is the rise of the internet. As a result, trade has partly shifted. This will continue in the future. On top of this change was the economic crisis and the fact that more and more large retail chains are moving to the outskirts of the city. There is more space there and the land is often cheaper. In short, the store is having a hard time.
Opening a store
This doesn’t mean that opening a store is necessarily a bad idea. It does mean that the risks are greater and that you must prepare well. First of all, it is wise that you have knowledge of the matter. A store is not just about operating the cash register or decorating the shop window, but also about purchasing and keeping administration. So, for example, it is wise to have completed a business administration or retail education. It is also important to have a good idea. There is no need for yet another store with children’s clothing. So look for an idea that makes your store unique and an area where there is a need for it. Also think about how you are going to reach potential customers. You can then draw up all this in a business plan.
Getting started as a franchise entrepreneur
You can also choose to start as a franchise entrepreneur. In that case you join a larger collective. This means that you adopt the name of that store and use its corporate identity. Sometimes you are also tied to certain prices or promotions. The financial risks are for the franchise entrepreneur, but that is also the case otherwise. The advantage of such a construction is that you spend less time marketing and purchasing products. The latter usually also happens centrally. The disadvantage is that you have less freedom, because you are also bound by certain rules.
Getting a loan when opening a store
When you open a store you often need capital. Sometimes you have this yourself, but usually a starting entrepreneur will have to obtain this from the bank. Banks are reluctant to lend money too easily. It is important to sell your plan to the bank with the help of a clear business plan. Furthermore, the municipality may be able to help you find a suitable location. Because there are more and more vacancies, municipalities are actively mediating between people who may want to open a shop and the landlords of the spaces. A director may be able to help you find a nice spot for your store. It is also important to negotiate well with the landlord. Because there is a lot of vacancy, prices have fallen sharply. A landlord often prefers to have someone in his store. When a store is empty, it also affects the surrounding stores. He will then also be able to charge less money for this.