As you already know from my previous post, that I own a small shop. Now I will tell you a guide to start a small shop.
1. Think small, small is okay. Many people thinking about being an instant millionare when they start a business. This is not wrong. It is just in reality, not many people become a millionare in a very short time.
2. Find the spot. The most important thing is the rent. Rent can be problem at first start, so get a cheap, or possibly free rent space. You can use your house, your family house, cart, moving van, whatever suit the business.
3. Fill the stock. Now stock is also important, you can’t make a sell, if you have nothing to sell. You don’t have to fill it with loads of stock but you can pile up, one small pile at a time.
4. Listen to customer. Listen to what they need, the ideal price, what to provide, decoration, just listen to what they say. Not all what buyer say is right but mostly it does.
5. Build a slow reputation. Eventually people will heard about your store and you don’t want them to hear bad things do you. You can’t be perfect but you can try to make it look nice.
6. Spend on stock. How to make your stock grow? By using initial profit to add up stock. I start less than 100 USD now I manage to pile up to almost 1000 USD (in Indonesia it is not bad). You wouldn’t believe the power of compounding interest.
Well do you want to try?



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