Hi everyone! I’ve just filed my first LLC & am planning to open a vintage boutique in my city- I’m completely new to owning a legitimate business of my own. I thought this would be a great question to ask as I know I’ll be making many mistakes in my first year of business.

Please feel free to comment your favorite mistake!

  • wiseleo@alien.topBEnglish
    1·
    1 year ago

    You will have fixed costs, inventory acquisition cost, and variable sales. I hope your sales will exceed your costs. List your items online and offer them for local sale to increase your sales.

    I wouldn’t open such a high cost store as a first business. Consider multiple uses for your storefront.

    Whatever customers you get, figure out how to create recurring sales. Don’t give them a reason to write negative reviews. The cost of mitigating those is higher than smoothing a transaction even it it results in no profit.