Successful Female Entrepreneur
Tatum Sherman has always been very ambitious and as a teenager, she had plans to design clothing and one day own her own store. She was able to make that dream a reality two years ago when she graduated fashion design school and successfully launched her own clothing line. Tatum Sherman clothing line did so well that she was able to purchase her first storefront. Owning a store isn’t easy and there are many things to consider before opening one.
If you want your boutique to have enough clothing inventory items to keep your customer happy, but don’t want to end up with too much, you need to keep track of the items in your store. Not only do you need to take inventory of the items on the shelves and racks, but also those in your storage areas as well. This will also give you an idea of which items are selling and which ones aren’t so you can plan for your next shipment or purchase accordingly.
Owning a store requires a lot of financial planning and if you do not keep track of your finances it could fail. Many store owners are not comfortable doing their own finances and they choose to hire someone to do it professionally. You may want to hire a financial planner or an accountant to help you with your store finances. If you choose to do them yourself, you may want to take a couple business courses and use some computer software that makes it easier.
Marketing is essential for the success of a business and you will need to advertise your boutique in order to make people aware of it and to boost your business. You can choose to market your boutique yourself or you may want to hire a marketing company to help you. It may cost more to hire a company, but it is worth the cost to have your boutique advertised properly.
If you plan on owning more than one boutique or if your boutique will require several employees, you will need to hire and plan for scheduling. You should choose employees who are interested in fashion, are capable of doing what is necessary at the boutique and who are likable and have good customer service skills.
If you have dreams of one day owning your own boutique or store, make sure you are ready for all the hard work it requires. Not everyone is cut out for the job, but those who are dedicated and enjoy fashions can run very successful stores. Tatum Sherman enjoys working in her store and has plans to open more in the future.