How to Start a Redwood Outdoor Furniture Business
Redwood furniture is not only durable but also beautiful, making it a popular choice among consumers and therefore a good option for a business idea. Here's how to start your own redwood outdoor furniture business.
Other People Are Reading
Instructions
-
-
1
Write a business plan. Your business plan needs to provide details about your redwood furniture products and, in particular, how your business or product will differ from other redwood or outdoor furniture businesses. It should also outline your target market (who will buy from you) and how you'll market to them, your financial estimates and projections and your goals for the next year.
-
2
Get financing for your redwood outdoor furniture business. Use your business plan to apply for loans or seek investors. Contact associations related to wood or outdoor furniture to see if they provide or have resources for financial support. Visit the Small Business Administration's WEb site to get more ideas on how to finance your redwood outdoor furniture business.
-
-
3
Set up your business. Your city or county government can provide you with your permit or license to operate a redwood furniture business. If your state collects sales tax, contact your state's sales tax office to apply for a sales tax permit. Also, set up your business structure (e.g. LLC).
-
4
Find a store location. The best location will have easy access to parking and be in a place your target market frequents or can find easily. Your store should be big enough to showcase your redwood furniture and have a storage area for furniture not on display. Because furniture is large, it should have a place that makes the delivery and loading and unloading of the furniture easy.
-
5
Find and contract with redwood furniture suppliers. Use your phone book and the Internet to find sources of wholesale redwood outdoor furniture. Negotiate a good wholesale price that will be based on the amount and regularity that you buy. Your sales tax permit will allow you avoid paying sales tax on the furniture you buy to sell in your store.
-
6
Launch your business. Have a grand opening event to jump-start your business opening. Send press releases to local media about your redwood outdoor furniture store offering a special discount to initial customers. Create marketing materials and place them where your market will find then, such as advertising and articles. Be sure to tell everyone you know about your business and provide great furniture and service to encourage word-of-mouth marketing.
-
1
