5 answers
Dean
Student
Queensbury, New York
1
Question
Asked
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How would I be able to start a business
I want to have a small business preferably a skate shop with other peoples brands and we're anyone is welcome
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5 answers
James Constantine Frangos
Consultant Dietitian & Software Developer since 1972 => Nutrition Education => Health & Longevity => Self-Actualization.
6183
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Dear Dean,
Embarking on a Skate Shop Venture
Embarking on a skate shop venture can be a thrilling journey for those who are deeply passionate about skateboarding and its vibrant culture. Here's a detailed roadmap to help you kickstart your own skate shop:
1. Investigation and Strategizing:
Market Analysis: Carry out an in-depth market analysis to gauge the demand for skate products in your vicinity, pinpoint your potential customers, and scrutinize your competition.
Business Blueprint: Craft a detailed business blueprint that encapsulates your business objectives, prospective market, promotional strategies, financial forecasts, and operational tactics.
2. Legal Aspects:
Business Model: Decide on an appropriate business model such as a sole proprietorship, partnership, or LLC.
Business Registration: Register your business moniker and secure all the necessary licenses and permits for lawful operation.
Insurance: Acquire insurance coverage to safeguard your business from unforeseen risks.
3. Site Selection and Store Arrangement:
Location Selection: Opt for a strategic location with substantial footfall and visibility to draw in customers.
Store Layout: Design an enticing store layout that effectively displays the skate products and offers a welcoming ambiance for customers.
4. Stock and Supplier Management:
Product Assortment: Compile a varied selection of skate products from renowned brands that align with your target market's tastes.
Supplier Connections: Forge relationships with trustworthy suppliers to guarantee a steady inflow of high-quality products for your store.
5. Advertising and Publicity:
Branding: Cultivate a robust brand image that connects with the skate community and distinguishes your shop from rivals.
Digital Footprint: Build a website and leverage social media channels to advertise your products, interact with customers, and boost online sales.
Events and Partnerships: Plan skate events, sponsor local skaters or teams, and team up with other businesses to enhance brand recognition.
6. Customer Interaction:
Customer Support: Deliver exceptional customer support by providing product insights, personalized suggestions, and help with skate-related inquiries.
Community Involvement: Nurture a community spirit by arranging workshops, demos, or competitions that unite skaters and cultivate a devoted customer following.
7. Fiscal Administration:
Budgeting: Keep an eye on your expenditures, monitor sales performance, and modify your budget as needed to maintain financial health.
Profitability: Concentrate on amplifying profitability through efficient inventory management, pricing tactics, and cost containment strategies.
By adhering to these guidelines and remaining committed to your vision, you can successfully inaugurate and expand your skate shop venture while crafting a welcoming hub for all skateboarding aficionados.
Top 3 Credible References Used:
Small Business Administration (SBA): The Small Business Administration is a treasure trove of resources and guides for entrepreneurs aiming to launch and manage their own ventures. It provides insights on business planning, legal prerequisites, funding alternatives, and more.
Entrepreneur.com: Entrepreneur.com is a reliable information source for budding entrepreneurs, featuring articles, guides, and expert counsel on various facets of initiating and operating a business. It encompasses topics like market analysis, branding, marketing tactics, and fiscal administration.
Skateboarder’s Journal: The Skateboarder’s Journal is a respected publication in the skateboarding realm that offers insights into the culture, trends, brands, and events within the skate community. It can provide valuable data on current market trends and sought-after brands in the skate industry.
GOD BLESS!
James Constantine.
Embarking on a Skate Shop Venture
Embarking on a skate shop venture can be a thrilling journey for those who are deeply passionate about skateboarding and its vibrant culture. Here's a detailed roadmap to help you kickstart your own skate shop:
1. Investigation and Strategizing:
Market Analysis: Carry out an in-depth market analysis to gauge the demand for skate products in your vicinity, pinpoint your potential customers, and scrutinize your competition.
Business Blueprint: Craft a detailed business blueprint that encapsulates your business objectives, prospective market, promotional strategies, financial forecasts, and operational tactics.
2. Legal Aspects:
Business Model: Decide on an appropriate business model such as a sole proprietorship, partnership, or LLC.
Business Registration: Register your business moniker and secure all the necessary licenses and permits for lawful operation.
Insurance: Acquire insurance coverage to safeguard your business from unforeseen risks.
3. Site Selection and Store Arrangement:
Location Selection: Opt for a strategic location with substantial footfall and visibility to draw in customers.
Store Layout: Design an enticing store layout that effectively displays the skate products and offers a welcoming ambiance for customers.
4. Stock and Supplier Management:
Product Assortment: Compile a varied selection of skate products from renowned brands that align with your target market's tastes.
Supplier Connections: Forge relationships with trustworthy suppliers to guarantee a steady inflow of high-quality products for your store.
5. Advertising and Publicity:
Branding: Cultivate a robust brand image that connects with the skate community and distinguishes your shop from rivals.
Digital Footprint: Build a website and leverage social media channels to advertise your products, interact with customers, and boost online sales.
Events and Partnerships: Plan skate events, sponsor local skaters or teams, and team up with other businesses to enhance brand recognition.
6. Customer Interaction:
Customer Support: Deliver exceptional customer support by providing product insights, personalized suggestions, and help with skate-related inquiries.
Community Involvement: Nurture a community spirit by arranging workshops, demos, or competitions that unite skaters and cultivate a devoted customer following.
7. Fiscal Administration:
Budgeting: Keep an eye on your expenditures, monitor sales performance, and modify your budget as needed to maintain financial health.
Profitability: Concentrate on amplifying profitability through efficient inventory management, pricing tactics, and cost containment strategies.
By adhering to these guidelines and remaining committed to your vision, you can successfully inaugurate and expand your skate shop venture while crafting a welcoming hub for all skateboarding aficionados.
Top 3 Credible References Used:
Small Business Administration (SBA): The Small Business Administration is a treasure trove of resources and guides for entrepreneurs aiming to launch and manage their own ventures. It provides insights on business planning, legal prerequisites, funding alternatives, and more.
Entrepreneur.com: Entrepreneur.com is a reliable information source for budding entrepreneurs, featuring articles, guides, and expert counsel on various facets of initiating and operating a business. It encompasses topics like market analysis, branding, marketing tactics, and fiscal administration.
Skateboarder’s Journal: The Skateboarder’s Journal is a respected publication in the skateboarding realm that offers insights into the culture, trends, brands, and events within the skate community. It can provide valuable data on current market trends and sought-after brands in the skate industry.
GOD BLESS!
James Constantine.
Robert DuPuy
Strategy, Business Process Analyst, Healthcare, Food Safety, PMP, RMP, Six Sigma
1
Answer
Updated
Robert’s Answer
Starting a skateboard business is an exciting venture that requires dedication, passion, and a lot of hard work. By staying committed to your goals and following the steps outlined below, you can create a thriving skateboard company that will make waves in the industry.
Firstly, you need to craft a detailed business plan for your skateboard company. You can get free help from the Small Business Association or SCORE websites to do this. Your business plan should clearly outline your business goals, target market, product offerings, marketing strategies, financial projections, and more. This plan will be your guide to growing and developing your business.
The process of starting a skateboard business involves several important steps. Here's a comprehensive guide to help you navigate this process:
1. Craft a Business Plan: As mentioned earlier, this is your first step.
2. Analyze Financial Resources: Take stock of your financial resources to determine the capital you have available to start and operate your skateboard business. Consider costs such as manufacturing, marketing, and rent. If necessary, secure additional funding through personal savings, loans, or investors.
3. Choose a Company Name: Pick a catchy and memorable name for your skateboard company that aligns with your brand identity and appeals to your target audience.
4. Legal Requirements and Permits: Apply for the required licenses and permits to operate your business legally. This may include local business permits, state registrations, and any industry-specific licenses.
5. Manufacturing and Suppliers: Decide if you'll manufacture skateboards yourself or outsource production. Build relationships with reliable suppliers for raw materials and components.
6. Design and Development: Create unique and attractive skateboard designs that will stand out in the market. You might want to collaborate with artists or designers to give your products a unique look.
7. Product Quality and Testing: Make sure your skateboards meet industry standards. Conduct thorough testing to ensure safety, durability, and performance.
8. Branding and Marketing: Build a strong brand identity that mirrors your company's values and appeals to skateboard enthusiasts. Create a website, social media profiles, and other online platforms to display your products and interact with potential customers.
9. Distribution Channels: Decide how you'll distribute your skateboards. Options include selling them through your own online store, local skate shops, or other retail partners.
10. Sales and Promotion: Use marketing strategies to attract customers, such as social media marketing, influencer collaborations, and participation in skateboarding events. Offer promotions and discounts to generate interest.
11. Build an Online Presence: In the digital age, having a strong online presence is key. Use social media platforms, e-commerce websites, and online marketplaces to reach a larger audience.
12. Customer Service: Offer excellent customer service to build trust and loyalty among your customers. Address their concerns promptly and ensure a smooth purchasing experience.
13. Monitor Finances: Keep a close eye on your business's financial health. Track expenses, revenue, and profits to make informed decisions and identify areas for improvement.
14. Adapt and Innovate: Stay current with industry trends and customer preferences. Continuously innovate your products and strategies to stay relevant and competitive.
15. Networking and Partnerships: Connect with other businesses, skateboarding communities, and industry professionals. Collaborations and partnerships can help you expand your reach and gain credibility.
16. Sustainability Considerations: Consider implementing sustainable practices in your business, such as using eco-friendly materials or supporting initiatives that align with environmental values.
17. Legal and Insurance Matters: Obtain necessary insurance coverage to protect your business from potential risks and liabilities.
For more information, check out this helpful article on starting a skateboard company: www.concretewavemagazine.com/start-your-own-skateboard-company
Best of luck on your journey!
Firstly, you need to craft a detailed business plan for your skateboard company. You can get free help from the Small Business Association or SCORE websites to do this. Your business plan should clearly outline your business goals, target market, product offerings, marketing strategies, financial projections, and more. This plan will be your guide to growing and developing your business.
The process of starting a skateboard business involves several important steps. Here's a comprehensive guide to help you navigate this process:
1. Craft a Business Plan: As mentioned earlier, this is your first step.
2. Analyze Financial Resources: Take stock of your financial resources to determine the capital you have available to start and operate your skateboard business. Consider costs such as manufacturing, marketing, and rent. If necessary, secure additional funding through personal savings, loans, or investors.
3. Choose a Company Name: Pick a catchy and memorable name for your skateboard company that aligns with your brand identity and appeals to your target audience.
4. Legal Requirements and Permits: Apply for the required licenses and permits to operate your business legally. This may include local business permits, state registrations, and any industry-specific licenses.
5. Manufacturing and Suppliers: Decide if you'll manufacture skateboards yourself or outsource production. Build relationships with reliable suppliers for raw materials and components.
6. Design and Development: Create unique and attractive skateboard designs that will stand out in the market. You might want to collaborate with artists or designers to give your products a unique look.
7. Product Quality and Testing: Make sure your skateboards meet industry standards. Conduct thorough testing to ensure safety, durability, and performance.
8. Branding and Marketing: Build a strong brand identity that mirrors your company's values and appeals to skateboard enthusiasts. Create a website, social media profiles, and other online platforms to display your products and interact with potential customers.
9. Distribution Channels: Decide how you'll distribute your skateboards. Options include selling them through your own online store, local skate shops, or other retail partners.
10. Sales and Promotion: Use marketing strategies to attract customers, such as social media marketing, influencer collaborations, and participation in skateboarding events. Offer promotions and discounts to generate interest.
11. Build an Online Presence: In the digital age, having a strong online presence is key. Use social media platforms, e-commerce websites, and online marketplaces to reach a larger audience.
12. Customer Service: Offer excellent customer service to build trust and loyalty among your customers. Address their concerns promptly and ensure a smooth purchasing experience.
13. Monitor Finances: Keep a close eye on your business's financial health. Track expenses, revenue, and profits to make informed decisions and identify areas for improvement.
14. Adapt and Innovate: Stay current with industry trends and customer preferences. Continuously innovate your products and strategies to stay relevant and competitive.
15. Networking and Partnerships: Connect with other businesses, skateboarding communities, and industry professionals. Collaborations and partnerships can help you expand your reach and gain credibility.
16. Sustainability Considerations: Consider implementing sustainable practices in your business, such as using eco-friendly materials or supporting initiatives that align with environmental values.
17. Legal and Insurance Matters: Obtain necessary insurance coverage to protect your business from potential risks and liabilities.
For more information, check out this helpful article on starting a skateboard company: www.concretewavemagazine.com/start-your-own-skateboard-company
Best of luck on your journey!
Afolabi Oladayo
Poet
7
Answers
Texas City, Texas
Updated
Afolabi’s Answer
Starting a skate business can be exciting! Here are some advice to consider:
Market Research: Understand your target audience, their preferences, and the competition in the skate industry.
Business Plan: Create a detailed business plan outlining your goals, target market, products, pricing, and marketing strategies.
Product Selection: Choose a variety of quality skateboards, accessories, and apparel to cater to different customer preferences.
Supplier Relationships: Build strong relationships with reliable suppliers to ensure a consistent and quality product supply.
Branding: Develop a strong and unique brand identity that resonates with the skate culture and appeals to your target customers.
Online Presence: Create a professional website and establish a strong social media presence to showcase your products and engage with potential customers.
Local Community: Get involved in the local skate community through events, sponsorships, or partnerships to build awareness and credibility.
Customer Service: Focus on excellent customer service to build customer loyalty and positive word-of-mouth.
Legalities: Register your business, obtain any necessary licenses, and ensure compliance with local regulations.
Finances: Manage your finances wisely, keeping track of expenses, revenues, and profits. Consider seeking financial advice if needed.
Marketing Strategies: Utilize online marketing, influencer collaborations, and targeted advertising to reach your intended audience.
Adaptability: Be open to feedback and willing to adapt your offerings based on customer preferences and industry trends.
Remember, starting a business requires dedication, perseverance, and a willingness to learn and evolve. Good luck with your skate business venture!
Market Research: Understand your target audience, their preferences, and the competition in the skate industry.
Business Plan: Create a detailed business plan outlining your goals, target market, products, pricing, and marketing strategies.
Product Selection: Choose a variety of quality skateboards, accessories, and apparel to cater to different customer preferences.
Supplier Relationships: Build strong relationships with reliable suppliers to ensure a consistent and quality product supply.
Branding: Develop a strong and unique brand identity that resonates with the skate culture and appeals to your target customers.
Online Presence: Create a professional website and establish a strong social media presence to showcase your products and engage with potential customers.
Local Community: Get involved in the local skate community through events, sponsorships, or partnerships to build awareness and credibility.
Customer Service: Focus on excellent customer service to build customer loyalty and positive word-of-mouth.
Legalities: Register your business, obtain any necessary licenses, and ensure compliance with local regulations.
Finances: Manage your finances wisely, keeping track of expenses, revenues, and profits. Consider seeking financial advice if needed.
Marketing Strategies: Utilize online marketing, influencer collaborations, and targeted advertising to reach your intended audience.
Adaptability: Be open to feedback and willing to adapt your offerings based on customer preferences and industry trends.
Remember, starting a business requires dedication, perseverance, and a willingness to learn and evolve. Good luck with your skate business venture!
Anthony Kofi Hene-Amoah
Translation, Editing, Project Management, Research and Evangelism
174
Answers
Jema, Brong Ahafo Region
Updated
Anthony’s Answer
Hello,
Please, note the following, concerning how to start a
business :-
1. Identify the type of business.
2. Consider the capital you are
starting with.
3. Your interest and knowledge in
the business.
4. Where you are establishing the
business.
5. Marketing situations, whether
favourable, or otherwise.
6. Government policies, whether
favourable, or otherwise.
Best regards.
Please, note the following, concerning how to start a
business :-
1. Identify the type of business.
2. Consider the capital you are
starting with.
3. Your interest and knowledge in
the business.
4. Where you are establishing the
business.
5. Marketing situations, whether
favourable, or otherwise.
6. Government policies, whether
favourable, or otherwise.
Best regards.
Rebecca Tang
Banking
1817
Answers
Hong Kong
Updated
Rebecca’s Answer
Thank you for your question. I am glad to hear that you would like to be entrepreneur. Have you thought about what industry you would like to start your business.
Below are my suggestions :
1. Think about what industry you would like to start your business, e.g. what you have interest, you have strength, etc.
2. Analyze on the industry, e.g. entry criteria, competition status, any alternate / substitute, etc.
3. Study industry relevant courses and management course
4. Work in the industry some time to understand the business model
5. Start the business online first if possible
Hope this helps! Good Luck!
Below are my suggestions :
1. Think about what industry you would like to start your business, e.g. what you have interest, you have strength, etc.
2. Analyze on the industry, e.g. entry criteria, competition status, any alternate / substitute, etc.
3. Study industry relevant courses and management course
4. Work in the industry some time to understand the business model
5. Start the business online first if possible
Hope this helps! Good Luck!