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Step 1
Determine whether running your own business is right for you. Managing and operating a gift wrapping service requires copious amounts of time. Discuss your decision with family members and close friends to get their advice on whether they think it is a right fit for your lifestyle.
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Step 2
Contact your local United States Chamber of Commerce chapter. The chapter's phone number and address is located in your local telephone book, and on the national organization's website (link in the Resources section). Before you start a gift wrapping service, you will need to make sure you are in compliance with all local government regulations. The Chamber of Commerce can assist you in navigating any local laws.
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Step 3
Procure supplies for your gift wrapping service. Purchase gift wrap in bulk to reduce your overhead costs. Every amount saved adds to your bottom line, and buying gift wrap from a regular store increases your start-up costs unnecessarily. Bulk gift wrap can be bought from a variety of paper- and party-supply manufacturers, such as The Paper Mill Store and Nashiville Wraps (links in the Resources section). You will also need extraneous supplies such as tape and scissors, which can be purchased at your local office supply store (e.g. OfficeMax or a local alternative).
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Step 4
Choose a location to setup a physical presence for your gift wrapping service. Individuals in need of your services are not likely to contact you for use at a later time because your target customers are those wishing to save time immediately. Ideal locations include the exits and entrances of shopping malls, as well as the sidewalks outside of stores. Contact the management team of your local mall, or the owner/manager of a local store, to receive permission to setup shop near their property. Be sure to get this permission expressed in written form to prevent legal troubles or confusion in the future.
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Step 5
Create a business plan for your gift wrapping service. Track your expenses and determine how much money you must generate to break even. Then, approximate the amount of customers you expect to reach in a given section of time. Divide the former by the latter for an average price you must charge to break even. Experiment with your prices to find the ideal price at which customers continue to use your services and you make money.
Comments
Nirvana11b said
on 11/7/2009 This is really great. I've already used it to find useful information on opening my own business, and for that I thank you profusely.