How to open my own retail store ?
Career Talk Work & Career 2 years ago
Posted on 16 Aug 2022, this text provides information on Work & Career related to Career Talk. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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Best Answer
2 years ago
Owning your own store is a dream shared by many youths in India. Retailers provide the goods & services that we need start from food, auto parts, apparel, home furnishings, appliances & electronics to advice, home improvement & many more. It is one of the fastest-growing segments of the economy. Followings points should be taken into consideration- 1) Own or rent space in a high-traffic area. The location may not guarantee success, a bad location will almost always guarantee failure. A new retail business needs to be where the customers are. You can choose two options- a) Home based location b) Commercial location 2) Apply with Municipality or Corporation for Shop Licence.