1. Research your local market – What types of costumes are popular? What competitors offer?
2. Choose a Business Name and Location – Make sure you check with the local zoning offices to ensure the location is legally compliant.
3. Obtain Necessary Licenses – Check with your local, state and federal authorities to ensure you have the required permits and business licenses.
4. Create a Website – Design and create an online presence for your costume shop so customers can learn more about what you offer.
5. Establish Your Inventory & Suppliers – Choose the products that will be available in your shop and the suppliers you will use.
6. Secure Financing – Decide how you will fund the start-up costs of your business, such as inventory and equipment.
7. Promote Your Business – Create marketing strategies to build awareness for your costume shop and attract customers.
8. Prepare for Tax Time – Educate yourself on the tax requirements related to your business and set aside money for taxes.
9. Hire Staff – Once your business is up and running, you may need to hire additional staff members to help with operations.
10. Finalize any Additional Details – Make sure you have taken care of all the details, such as ordering signage and opening a business bank account.