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How to Open a Beauty Supply Store.

The African-American community has broken barriers, made history in different industries, and are at the root of all that pop culture has to offer. We are skilled, hard workers, that remain driven and focused upon finding something that interests us. Unfortunately we are not extremely present in the Beauty Supply industry, and I think it's time for us to break more records. Here's the most effective way, to open a beauty supply store.

Find a target niche, or specialty.

In all successful business plans, the main focus of the company is usually stated multiple times and is very clear. Understanding what you plan to focus on, gives you better credibility because you are directly able to identify whom your products are for. Decide, if you would like to sell professional grade products, organic beauty lines, or wigs and hair pieces.

Obtain permits needed in your state to start a retail business.

Research is an extremely important skill to have when opening a retail business. Before going into business it is safest to get all the legal matters out of the way sooner rather than later. The decision not to, will affect the future success of your company. Google the permits needed to start a retail business and obtain this before conducting any sort of business. This is not only to prevent any fines or lawsuits, but also so no one uses your idea if it's not trademarked or copywriten.

Open wholesale accounts with beauty supply distributors and manufacturers.

As mentioned previously, getting the legal matters handled first is extremely important. In this case, if you are not able to produce any paperwork stating you are an actual business, you will not be able to have access to their product. So you must have the correct paperwork taken care of that shows you are a credible establishment. Call and email companies with products you want to sell and inquire about their wholesale account.

Lease or buy a venue for your Beauty Supply Store

Visit different beauty supplies and see where they are thriving the most and then decide where you would like to open your store. After deciding on the location, decide how you would like to present yourself. Would you like a brick-and-mortar building, mall or shopping center kiosk, or an online storefront. If you chose to not do research you can cost you opportunity and revenue.

Following these steps will help us change the story of the Beauty Supply industry forever.

Love always,

Jamie Elise

(p.s. Below are some websites of the permits you need for each state.)

All 50 states can be found at SBA website, an independently owned and operated website that offers great business advice, guidance, and support. Clink the link below and on the left column are the other 50 states.

Click the link to learn about these two California Sisters becoming the youngest women open a black owned Beauty Supply store. Courtesy of Baller Alert.

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