Saturday, December 31, 2011

5 Things You Need in Putting Up A Small Retail Store

If you will put up a new store you will need these five things.

1. Capital – This refers to the amount of money to be spent in order to put up the store. The amount needed depends on how big the store is. The smaller the store, the smaller the capital needed.

2. Goods or commodities to sell – Goods or commodities are the different things that you put in your store for sale. One good characteristics of a store owner is that he/she knows his/her customers need.

3. Equipment and facilities – In order to operate a store effectively, cabinets, tables, chairs, benches and shelves are needed.

4. Site - This is where the store is to be located. It is always good to put up a store in very strategic places like an intersection of two streets. Some small retail stores, though, are located in the homes of the owners. The backyard or a part of the house nearest to the street which people can easily reach is used.

5. Pleasing personality – One needs a pleasing character in order to run a retail store. A successful store owner is one who is patient, honest, friendly and knows how to relate with people who buy in his/her store.

Basic Store Layout

So I was going through my college notes today, I remember having to memorize this basic kinds of Store Layout.

 1. U-shaped store layout – This layout gives the customers a good view of the goods on display and a chance to freely choose the goods they need. This kind of layout requires only a few people to attend to the needs of the customers/buyers.

2. Closed Store layout – This layout requires more people to manage the store and attend to the needs of the customers. Only the store personnel are inside the store while the customers wait to be served outside.

3. Parallel shelves Store layout – The goods are arranged parallel to each other. They are classified and arranged according to kind by shelf. This arrangement is advantageous to the customers or buyers. It will save them time and energy locating the things that they need.

4. Combination store layout – This combines the U-shaped and parallel shelves layout. The customers can have a good view of the products on display which are already arranged according to type of merchandise.

For those who are opening a new store I hope this helps. For students who are looking for more notes this can be a good help too. You can also check my  works with compilation of iPhone 4s cases that are best for cool people like you!