| Starting your own quilt shop is a lucrative business. | | | | approval for your application. |
| Not only that, you have the chance to turn your | | | | Marketing Study |
| passion into a part time income or even a full time | | | | You must find out whether your area will support |
| business! So, before venturing into quilting business, | | | | your quilt shop prices. It would not be feasible to sell |
| you need to consider the following factors: | | | | your quilt at say, $10 per yard if your area is willing |
| Start Up Capital | | | | to pay $5 per yard. In this instance, it may take you |
| It is crucial that you have sufficient seed capital for | | | | quite a while for your customer to accept your prices |
| your own quilt shop business. You are required to | | | | and therefore your pay back period will be longer. |
| have start up costs to purchase a lot of fabric and | | | | Other than the above, doing your own market study |
| supplies. Besides, cost of rent and insurance is | | | | will help carving out your marketing strategy and |
| another items that you will need to consider. If you | | | | assist you in identifying your market segment. This is |
| are in an area where the rent is extremely high, then | | | | important as targeting the correct segment is key to |
| you might want to consider having an online quilt | | | | successfully running your own quilt shop. |
| store rather than a physical shop in particular if you | | | | In a nutshell, if you plan to start your own quilt shop, |
| do not have a big capital. | | | | make sure you have done your initial budget |
| If getting loan from the bank as your starting capital | | | | calculation and conducted a thorough market study |
| is one of the options, then you need to know how | | | | of your quilt business. |
| to prepare a financing plan in order to win bank's | | | | |