How to Start a Baby Furniture Business
According to federal statistics, more than 4.2 million babies are born in the U.S. each year, creating a large need for baby furniture. Here are a few tips to starting your own baby furniture business.
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Instructions
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Plan your business. Decide what sorts of baby furniture you'll sell. Ideas include high-end brand names and used consigned furniture. Determine the types, quality and brands of furniture you'll sell.
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Write a business plan. In your plan provide details about your products and services, including information that sets your baby furniture business apart from others. Also, include your target market and how you plan to market your business, your financial information and your business goals for the next 12 months.
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Obtain financing. You can use your business plan to apply for loans or search for investors to launch your baby furniture business. The Small Business Administration is a great resource for further business financing ideas.
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Set up your business. Contact your city or county government about obtaining a business permit or license. If your state collects sales tax, apply for a sales tax permit as well. Set up your business structure (e.g. LLC).
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Find a store location. Because of the nature of your business, you'll want a location that has easy parking and access for pregnant women. It should be large enough to showcase a good sampling of furniture, as well as storage for furniture not on display.
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Locate and contract with suppliers. Check your Yellow Pages and the Internet to find wholesale baby furniture suppliers and negotiate an agreement about buying baby furniture to sell in your store. Your sales tax permit should allow to you to purchase the furniture without paying sales tax.
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Open for business. Once you have your first supply of furniture, its time to open the doors of your baby furniture store. Send a press release to local media. Have a grand opening event to jump-start your business. Contact local hospitals and clinics and other places pregnant families visit and ask to leave information. Create a marketing plan that includes advertising and other forms of marketing.
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