Being a retail owner can be a very rewarding job. They must be very good at organization and even better at delegation when the time is right. A "Hands-On" type owner will always see the best results. You always know who, where, when, and how everything works in your shop.
The size of your business will determine the amount of hours and work required for you to be successful.
A individual wishing to become a retail owner may wish to purchase an existing shop or they may want to start at the very beginning and find their own location. Starting from the beginning helps you to create a "Brand" or identity for your vision. If you choose this road, being conservative at first usually helps until you find your customer base. As your customer base grows you can add more employees and inventory. Over-extending yourself financially in the beginning may be hard to overcome when starting a new business.
Selecting a name, logo, and location for your floral business would be the first step. If you have employees you will need to set up a payroll system. It is reccommended that you set a budget for each year. It will be difficult to do in the beginning because you do not have a client base built. Starting small requires you as a retail owner to design, deliver, create sales, buy product and supplies, bookkeeping, and marketing for your shop. It is suggested that you have a hand in all these duties as a retail manager even if you have other employees on staff..
Being a Retail Owner is not always about being creative and having fun. Someone has to pay the bills and balance the books at the end of the day. You will need a good business mind to stay successful unless you can afford the luxury of a bookkeeper.
It is important that a retail owner stay visible to their employees, their customers, and their peers. Being a retail owner allows you the luxury of learning from others and teaching those who follow. .
Interested in pursuing a flower shop owner career? Find out about educational opportunities available through the Texas State Florists' Association website
or contact them via phone at (512) 834-0361.