How to Run a Skate Shop - The Business Part
Initially, a skate shop does not have a very elaborate business model. Basically, you need to be able to pay rent, utilities, buy inventory, and make money. Keep track of your revenues, costs, and expenses to stay organized and profitable. Remember, with a skate shop, you control the prices of the items you sell. Find skateboard part wholesalers that offer discounted items and set your prices to make money. As stated above, there is little to no competition for skate shops, giving you more market control.
As your business grows, consider expanding. If you don't have the cash, you can apply for business funding based on past performance. Use networking tools to advertise and attend industry trade shows to gain even more ideas for your shop. If your shop is a hit, ask for advice on small business success by obtaining free help from the SCORE, a division of the Small Business Administration to help you succeed.
Learning how to run a skate shop may be uncomplicated at first, but as you grow, seek the advice you need to stay profitable and make a name for yourself in the world of skateboarding.