Help me open the vintage store of my dreams.
June 19, 2011 11:25 AM Subscribe
I want to start a small business (a vintage clothing store) in the Washington, DC area. I have a location in mind and I'm saving up the money. My hope is to be open within a year. What do I need to know?
I have little-to-no experience with running a small business. I currently sell vintage clothes on Etsy, but that's very different. I know a ton about the things I'll be selling-- I can date any item of clothing made in the last century to within five years-- but not a whole lot about how to open a brick-and-mortar store, what paperwork I'll need to do, how to get the information I need for my business plan, etc. I'm currently apprenticing at a local vintage store to learn the ropes a little.
The empty storefront I have my eye on is not in a heavily foot-trafficked area, but the rent is ridiculously cheap and it's less than a mile from a major college campus. Is it the right place for me? Would I be better off in a higher-rent, trendier part of DC?
What should I be doing that I'm not doing already? What do you wish you'd known before you opened your small business? Or should I just stick to Etsy and wait until the economy gets better?