Your dream is to open a baby clothing store and you’re serious about making it happen. Luckily, as long as people continue to have babies in Naija , there will be a need for baby clothes Gbam!. There are many things to consider before starting a business and it’s important to take your time and address every aspect as you go. With motivation and some hard work, you can start a baby clothing store where parents will enjoy shopping.
Steps 1- Start with a business plan. Even if you are not trying to finance the expense, a business plan will organize your ideas, help you target a certain market and allow you to estimate your start-up costs and financial projections. When you come into my Business Round Table Sessions you will be provided a free template to help you get started. (get details on how to join the BRT email email@example.com)
Step 2-Find a location for your new baby clothing store. Unless you are constructing a new building, you will have to choose from empty store fronts in a mall. Pay attention to the shopping habits of young parents. Ask yourself if they shop in (Yaba market bend down and select ‘’okirika’’ abi Balogun Market) or if they drive to a larger mall. Choose your location wisely. You want to put your store where it will be accessible to the highest number of parents with babies.
Step 3- Visit any of the banks talk with your banker if you need financing to start your baby clothing store. Bring your business plan and your financial documentation, such as tax records, current debt and assets. Your banker will take all of them into consideration when deciding whether to finance your project (you might need collateral according to CBN regulations).
Step 4- Shop for clothing for your baby store by contacting wholesale distributors. By now, you know what kind of clothing line you would like to carry so call the manufacturers and set up meetings with their representatives. Usually, the representatives will come to you, since they make a commission when you carry their line.
Step 5-Paint, carpet and design your store to suit your baby clothing theme and open your doors. Make sure you contact your local newspaper and invite women from your church, neighborhood, etc