1. Develop a Business Plan: This plan should include your vision and mission, target market, competitive analysis, pricing structure and budget.
2. Choose a Location: Consider the demographics of the area, cost of rents and other overhead costs, as well as access to customers.
3. Secure Financing: Determine how much money you need to start your store and obtain the necessary financing through loans, investors or other sources.
4. Register Your Business: Decide on a legal entity such as sole proprietorship, partnership or corporation and register your business with the state.
5. Purchase Supplies & Equipment: Furniture, fixtures, shelving and display cases are all essential to starting your store.
6. Market Your Business: Utilize local marketing techniques such as newspaper ads, fliers and direct mailings to reach potential customers.
7. Hire Staff: Establish the number of staff members needed for the store and begin hiring process.
8. Set Up an Online Presence: Create a website and engage in social media marketing to attract new customers.
9. Establish Relationships With Suppliers: Research olive oil suppliers and establish relationships with them to ensure you have a steady supply of product for your store.
10. Get Insurance: Obtain the necessary insurance coverage for your business and employees.
11. Open Doors: Advertise the grand opening of your store to attract new customers and showcase your products.
12. Analyze Business Performance: Regularly review the performance of your store and make adjustments as needed to maximize profitability.
13. Maintain a High Level of Customer Service: Ensure that customers receive the highest level of service and satisfaction to ensure their loyalty.