I want to start a retail shoe store, is in that grant or a small business loan I can procure? Question: I would like to start inside a year, retailing
Answers:
The article "Starting a Shoe Retail Store" can give you some pointers on how to step about starting this business http://www.powerhomebiz.com/vol136/shoe.htm .
A shoe store business is not something you can start short capital and short access to credit. Loving shoes is one thing; but owning a shoe store is another. You obligation to have property in demand to provide for the following cost expenditures: leasing a store (the cost of which will depend on the size, design and location), displays and racks, backoffice furniture and shelving, inventory selection, business license and permits, insurance, marketing, and tons more.
To get thinking of the latest footwear styles and to develop contacts and find suppliers within the shoe retail industry, it is important that you attend any or adjectives of the important trade shows within this industry (participation of which also depends on the availability of resources for your travel, accomodation and trade show fees):
- World Shoe Association http://www.wsashow.com/ the largest and most comprehensive footwear and related accessories event
- Magic Marketplace http://www.magiconline.com - first and foremost apparel and accessories, though includes footwear as all right
- Fashion Footwear Association of New York http://www.ffany.org - largest shoe show in the East Coast
- Shoe Market of the Americas http://www.smota.com - held 3 times a year contained by Miami
- North American Shoe and Accessories Market http://www.northamericanshoe.com - the 10th largest shoe show in the world
- Los Angeles Shoe Show http://www.californiamarketcenter.com
- Southwest Shoe Expo http://www.southwestshoeexpo.com - held 5 times a year at Dallas World Trade Center
- Chicago Shoe Expo http://www.chicagoshoeexpo.com - a small regional trade show held 4 times a year surrounded by Chicago
- Micam Shoevent http://www.micamonline - international trade show for medium to soaring end footwear held twice a year within Milan
- GDS http://www.mdna.com - the premier shoe event held twice a year in Dusseldolf, Germany
My suggestion is to either gather up for more capital first or find an investor ready to support your venture. A retail store, whether you approaching it or not, has LOTS of overhead -- from rent, electricity, salary of employees, etc.
Government grant are typically not available for for-profit ventures such as a shoe store (check http://www.cfda.gov and http://www.grant.gov to see if there is a single one that offer grants for your planned project - there's none). For SBA loans, you may want to check their low-cost loan products available http://www.sba.gov/financing
While you are getting your plans together, you may also want to check out the following Trade Associations for more information on this business:
- National Retail Federation http://www.nrf.com
- America Apparel and Footwear Association http://www.americanapparel.org/...
- Electronic Retailing Association http://www.retailing.org
- National Shoe Retailers Association http://www.nsra.org/
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