By Lindsay Lewis

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20 Νοε 2013 (πριν από 3 χρόνια και 9 μήνες)

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By Lindsay Lewis


Any small shop that
sells a variety of
items


Small shop or an
informal business


Doesn’t take too
much by way of
investment or
experience


Anyone can easily
start and run a
boutique.


Classified in Small Business Venture


In Fashion


Dream to many people


Allows individuals to apply managerial skills
in operating small business


Lucrative


Brings in good income




Need to be up to date
w
/ ever changing
fashion/people’s taste


Main challenge is mission and vision statements


Application of good leadership


In
-
depth knowledge on the running of the
boutique


Requires employees to perform boutique work
according to past knowledge and working
experiences


Workers/employees who have knowledge on the
tactics play a very big role in operations of a
boutique as a career.



Application of good leadership


Factors support the fact that most of the
accomplished boutique owners are people who
are successful in the field of managing small
businesses.


Achieved through application of personal traits


Determination


Self
-
driven motive



self
-
driven motive


entrepreneurial skills



basic planning


management


organizational skills



Plan meticulously


Work out your strategy


Select the proper location


Items/Prices


Clientele


Promotion strategy


Put in best efforts to make it a success




Many boutique owners have
business degrees in small
business management


Business does not require
educational
background(
stylecareer.com
)


Bachelor’s or Master’s in
Business or Marketing is safe


It is required for a loan


Accounting
-

even if you have
your own


“Basic business accounting
knowledge is important. Even
if you hire an accountant,
you need to be able to check
your books and know if they
are right (
bellaonline.com
).





One is required to have a Bachelor Degree in
Business Administration, Fashion Retailing or
Marketing as well as management when
operating a boutique, when in need of a
loan.




Many lenders/financial institutions will take
applicant more serious if they have a degree


Masters in Business Administration is an
added advantage since it attracts investors in
form of partners as they may have a greater
trust in your management capability.




Person who is open minded in
matters pertaining to ideas
regarding different boutique issues


Requires a well
-
motivated
individual who can use the
combination of business skills and
in depth the knowledge of the
fashion retail industry to make
profit


Exact knowledge that is needed to
ensure that a boutique is well
managed


Leadership skills and management
skills for a nice and effective
boutique to be effective




Planning should also be effective


Requires you to look for employees with knowledge as well as the
skills of a boutique


Required to have a substantial amount of start
-
up capital


The failure or success depends on the management style of the
owner


Managerial knowledge and the leadership of the employees is
also another factor that determines the performance of the
boutique.


Extensive experience in fashion retail industry in a variety of
positions from different levels of retail sales associated with
experience as a retail store manager


“You will need to know how to price your product and how to
display your product. You will need to know how and when to
purchase what items, and how to do inventory
(
bellaonline.com
).



In connection with retail market place including trends and
forecasts, flexible multitasking capabilities, excellent time
management and communication skills in depth are important
(Style career).





Salary range is $33,000
-
$150,000 per year. The
range is however not fixed
as it can fluctuate
depending on the level of
profitability. “Salaries can
vary greatly depending on
the company, location,
industry, experience, and
benefits”
(
simplyhired.com
).
However, being in the
fashion industry, the
knowledge of current
trends in the market will
promise one an upper
limit income.





As we see,
becoming a
boutique owner can
be a very rewarding
job. With the right
person, and the
right staff, a
boutique can be life
changing, and very
successful, as well
as a very fun and
exciting career!


"How to Become a Boutique Owner, Start a
Boutique, Start a Fashion Business."
StyleCareer.com
, How to Work in Fashion,
How to Break Into Fashion and Image
Careers
. Web. 14 July 2010.
<http://
www.stylecareer.com/boutique.shtm
l
>.



"Start Your Own Boutique Business
-

Small
Office/Home Office."
BellaOnline

--

The
Voice of Women
. Web. 14 July 2010.
<http://www.bellaonline.com/articles/art81
99.asp>.


http://openboutiqueguide.com/become
-
a
-
boutique
-
owner.html