Monday, May 11, 2009

I want to open an all in one Bridal Shop, How can I get started?

I would like to open an all in one bridal shop with bridal gowns, prom gowns, tuxedos, bridal accessories, flower arrangements, invitations, entertainment contacts, wedding cakes. I want to have a one stop easy shopping for the bride to be in one place that they can depend on with everything and anything that the bride will need for her special day. I am considering on having an on site bakery, on site florist, and an on site taylor/seamstress. I know there is no other like it anywhere in close proximity to my area. So if anyone can direct me to the right direction I will greatly appreciate it.

I want to open an all in one Bridal Shop, How can I get started?
There is one near where I live. Here is their site. They do more consignment dresses but that would be an easy switch to new and including the prom dresses as well. DON"T forget mother of the bride dresses - so hard to find nice, non-frumpy grandmother dresses!! Good luck!
Reply:I have to agree with one of the other. You need to start small. The gown shop and tux rental would be good start. This is not uncommon to see them together.





The other companies could be hooked up to your company. These company share the same building. That way you would not have to worry about if you company goes under the rest will not be hurt.
Reply:First thing, you are going to need a Business Plan and financing from a Bank. You need to do your homework, figure out how much you are likely to get in a business loan and start putting paperwork together showing that you've researched.





I would not recommend an onsite bakery UNLESS you are an experienced baker. Having that would open up a whole other area of workplace and food safety regulations that you would have to meet.





To be honest, it would be best to start small. You are more likely to get financial backing (which you will definitely need) if you have a more modest goal at start. It's fine to plan for the future, but starting too big is one of the big reasons new businesses fail. Learn one area (i.e., dress shop) and build an excellent business reputation in that before you try to diversify.





If you don't have a business background or experience operating a company, I suggest you take some business classes. Owning and operating a business involves a lot more than you might think - hiring/firing/training staff, site mantenance, accouting rules and regulations, workplace safety, inventory management - just to name some of the basics.





Good luck! Opening a business is hard work and you have to be dedicated. You won't see a profit immediately, especially for the grand plans you have outlined. It's going to take a lot of dedication (and an outside source of income) to make your dream a reality.

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