How to create a chain of stores

Being the owner of your own store with the right approach to work is very profitable. But it’s even more profitable to have a whole network in different cities. It seems that organizing it is very costly and difficult, but there are various tricks that will help you do this without much difficulty.

You will need

• - business plan;

• - registration and permits;

• - premises;

• - suppliers;

• - staff;

• - advertising.

Instruction manual

1

To become the owner of a chain of stores, you must first select the product that you will sell. When you have approximately decided on the assortment, draw up a business plan for the future organization. In principle, you can calculate the costs and revenues for only one store, the data for all the others will be approximately the same.

2

Register your company with the tax office. It is best to open a limited liability company, but no one forbade individual entrepreneurs to open retail chains either. Depending on the type of products sold, you may need various permits.

3

If you don’t have enough funds to open several stores at once, then try to start by organizing the work of the outlet in your place of residence. Choose a room, make repairs there, install commercial equipment.

4

When concluding agreements with suppliers, immediately inform them of your plans and discuss the possibility of giving you discounts when increasing the volume of purchases.

5

Pick up employees. In order for the network to function effectively in the future, you will need not only the employees of the trading floor, but also the manager for each store. To provide legal, accounting, cleaning and other services, you can seek help from specialized companies so as not to waste your efforts on this.

6

Next, take care of advertising. It can be ads in local media, posters, flyers, banners. It’s good that the opening of the store becomes expected, loud, memorable. Particular attention should be paid to the choice of the name of the chain of stores and the development of corporate identity. If you do not have enough own resources, then this can be entrusted to a branding company.

7

When the first store has opened and started a successful business, you can start organizing the next. Only now will it be easier for you to get borrowed funds under a business plan or on the security of the first store.