One of the most frequent mistakes accountants see on financial statements is the miscoding of petty cash. It is a very simple concept to grasp but for bookkeepers who do not know what theyre doing, they can really make a mess of this simple entry.
Most bookkeepers and non-financial staff code expenses directly to the petty cash account instead of to the actual expenses. The only time the cash account should be affected is when you increase or decrease the petty cash limit.
For example, your petty cash fund is $275.00. You give staff money and they bring you receipts for food, supplies, services, postage, etc. which total $251.00. You would either do a journal entry debiting each expense and crediting cash or you would write a check to cash and code each expense. Does this make sense?
The point is, you never code expenses to a cash account. When you look at your petty cash on the financial statement, it should not exceed the $275 youve allotted. Please feel free to email me if you have questions!
Home » Business Tips » The Costs of Starting a Business May 7, 2013 Frank Bullock Business Tips, Starting a business Tags: business ideas, business tips, costs, costs of starting a business, starting a business, types of business Deciding to start your own business may be the best idea youve ever had, but before investing everything you have in in, there are several factors you must take into consideration. You need to make sure that your business idea is profitable and that you can sustain it in order to be successful. Besides market research to find out whether there is room and a target audience, you need to deal with a very important and essential aspect: the costs of starting a business. This means calculating whether you have the financial means and resources to start and maintain your business idea.
We cannot show you how to calculate the costs of starting a business step by step with exact formulas because they differ from domain to domain. We can, however, show you some general steps that will help you go in the right direction without missing some essential aspects. This part is different from the financial plan, but the information you get out of it will help you put together this plan if your idea is viable. Thus, you will have to calculate the initial costs of starting a business, but subsequent ongoing expenses as well, those that crop up every month like electricity bills and costs for resources, employees and so on. Before starting, consider your finances and see how much you would be willing to pay in order to achieve your dream; you may also consider borrowing money if you have assets that you can use as guarantees, such as mortgaging your house. This is not an ideal solution and we dont recommend it, but it is ultimately up to you to decide how much and what you are willing to sacrifice. Here are the steps you must follow:
Business headquarters Depending on the type of business you choose, you can either work from home or from an office. If, for example, you want to write a blog, do reviews or translate, you can easily work at home and not worry about such expenses. However, if you want to open a bakery, a consulting business, or a cafe, you will need a good and accessible space; calculate how much you would be willing to spend and decide whether you want to purchase the space or rent it. There are different expenses with each decision, and they will vary depending on the size of the space and how good the location is. Short tip: dont be too cheap with the premises, because you want customers to find you easily and not make long trips to reach you. Employees If the type of business you chose requires hiring some employees, calculate how much you would need to pay them. To begin with, you may have to pay for recruitment, or for some ads stating that youre hiring. You may need preparation before taking on the task of managing employees. Consider taking business classes at your local community college or earning a masters in organizational leadership online in your spare time. There are many resources you can utilize to help prepare you for this new responsibility. Next, you need to figure out correct wages depending on the market, the responsibilities of the jobs and your finances, because you may have to pay from your own pocket until the business starts producing. Estimate how long it would take for the business to take off and you will see for how many months you need to pay. Marketing Whether youre starting a home business or something else, between your costs of starting a business there is also the matter of marketing. You need to promote your business as best you can, either with ads in the local papers and magazines, on the radio or television and, of course, the Internet. If you can, pay to have an official website built, and do some research to see how much that would cost you. There is also the option of creating a page on several social networks, which is entirely free and only costs you some time. If you want to look and be truly professional, you should really invest in creating a brand, a logo and even a catchphrase that people can easily remember. Unless you are able to do this yourself, you will have to pay a special consultant or a marketing team to help you create something original and catchy. Stock and resources If your business means selling goods such as vegetables or coffee, you need to calculate how much you would need to invest to have your shop fully stocked for the first few months. This is difficult to calculate, so you need to estimate how many customers you think you would have and how long it would take for the business to start paying for its own goods. We recommend that you overbuy a little because it is better to have surplus that be out of produce in your first weeks of business this will disappoint new customers and you wont have time to gain them on your side. To help you with marketing, you can think of some special offers to attract new customers, and calculate the costs of that as well. We realize this information isnt of much practical help for calculating the costs of starting a business, but perhaps now youve got an idea of what you need to look for. You will have to use your intuition and guessing abilities a bit, and know that no new business is without risk. But you have to take risks if you want to win a lot, and with the proper market research you can be able to make reasonable decisions. As long as your business idea is very good, you can afford to have some losses in the beginning, knowing they will be redeemed by future profits.
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Nokia Q1 Sales Drop
Nokia Q1 Sales Drop 0 7,267 views
Nokia, the worlds biggest cell phone maker, has posted 82 percent drop in the first quarter as economic slowdown has affected the sales of high-tech gadgets especially mobile phones which are the main products of the electronic giant.
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Meanwhile, other technology companies have also experienced slumping sales due to weak economy.Nokia, the worlds biggest cell phone maker, has posted 82 percent drop in the first quarter as economic slowdown has affected the sales of high-tech gadgets especially mobile phones which are the main products of the electronic giant.
According to Nokia, its shares fell to 0.03 euro from 0.32 euro year-earlier quarter, adding that its net profit fell 122 million euros from last years1.22 billion euros. Meanwhile, the company said that sales dropped by 27 percent to more than 9 billion euros as consumers spending continues to decline due to financial crisis.
Experts said that demand for high-tech gadgets especially mobile phones have dramatically declined for the past few months as consumers are apprehensive to spend money due to dispensable income and unstable labor market.
When asked how to regain its losses, Nokia said it will restructure its business to regain its market share in the second quarter of this year.
In an effort to boost its sales and to urge consumers to purchase new phones, Nokia has recently introduced budget-priced smartphones including its widely-popular 5800 MusicXpress which has sold more than 2.6 million units in the first quarter.
Nokia also predicted that its mobile gadget market is expected to decline by 10 percent in 2009.
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We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
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Recession Business Opportunities
Recession Business Opportunities 5 s16,017 views
The term recession has becoming popular word nowadays especially if you are an economist. If you are a businessman, you are expected to brace yourself during this time. In every news section, you would never fail to see negative stories regarding the economy.
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As an entrepreneur, you need to ask yourself if you will come out of the recession successfully. Actually there are business ideas that can survive the recession.Even if people cut down on their expenses, there are several products that would do well during these times. In fact some even thrive during recession. Here are some business opportunities that will make you a success if you start one. Starting an Online Business As we all know the internet is one of the most popular tools today. People use it to gather information. It has definitely become part of peoples life. The good thing about this business is the fact that it is simple and inexpensive. You would need not to worry about their start up cost. It is very profitable especially if its done correctly and properly. Many people use the internet for their shopping needs to online spending will increase in the coming year. Consumers are very much comfortable when it comes to purchasing things online. They definitely enjoy the convenience and savings of not driving to the mall. Every aspect of online business can definitely be outsourced. There is a minimal overhead. Profits tend to be much higher as well. Credit and Debt Management Another good business is something relating to credit and debt management. As people are beginning to lose their jobs because of downsizing, they are also losing their homes because of foreclosure. There are a lot of people who are affected by the slowing economy. The credit ratings of people are affected as well as their level of debt. Marketing this kind of service can be ideal since more and more people are relying on it. The main setback of this business is doing some credit repair and debt collections. Negotiation can be difficult. It is best if you could find the right business model for this kind of industry. You have products that are high on demand. Dealing with Healthcare Despite the recession, people would not stop looking for health care. Health care is an essential for people. There is a constant need for this kind of service. You would need to find a profitable niche that would increase in demand for the next years to come. There are many opportunities for business minded people especially during the recession. The secret to success is seeking the best business model that you can explore. You can start a new business using the ideas mentioned above. Find a business that would not take all your time nor needs a high start up cost. Never make a mistake of starting a business that has flaws or wrong element. Focus your attention to the type of business models relating to this kind of industry.
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5 sDeepak said on April 1, 2009I’m very pleased to be guided on the topic about which i didn’t have much knowledge..
Thanks.Vaidehi said on March 19, 2012I’m a retired college teacher, with a house (30×50’floor area)at Bhubaneswar, Orissa, India. I’m much interested to start a home based business with small investment. Please guide me. Thanking you, Vaidehilola said on May 5, 2014can i get ur contact details Vaidehi. We have a good investment plan n business for u in education sector. mail me in creative.rani9@gmail.comSaritha said on January 5, 2015I’m from field of polymer and rubber technology. Also interested in education sector could you suggest a business with small investment ?Roshan Sawant said on May 11, 2016My name is Roshan , me n my wife are in animation field, I am interested in small animation business plan. (All the above fields are required.)
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How to Start a Tuffy Associates Franchise
How to Start a Tuffy Associates Franchise 0 6,071 views
As a smart entrepreneur, starting up a Tuffy Associates Franchise will be a great move that you can do. So, start finding ways on how to become a Tuffy Associates Franchisee.
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1970 is the year when Charles Amy started Tuffy Auto Service Centers and opened his first Tuffy Muffler shop. After a year, the company started franchising and has expanded in some states. The company is based in Toledo.Quality services with cheaper prices are too rare today. Most of the consumers today are looking for quality service and Tuffy can deliver this to its customer. They offer quality parts that are manufactured by known producers at a lower price that most competitors cannot contest. And most of the equipment qualifications are met by Tuffy Auto Service Centers. Tuffy do have a Technical Center where ongoing training of their personnel occur, it is a state of the art training center for the companys personnel in order to thoroughly train their staff and personnel. Its been Tuffys commitment to provide quality service and through Tuffy Technical Center they can stay modernized of the new knowledge in everyday changing automotive aftermarket. With a slogan We Do It Right, it has been a philosophy that they are holding on to offer their customers the best service in the field of automotive. They are highly professional in terms of providing quality service and do it in a timely manner. Below are the expertises of Tuffy Auto Service Centers:
Engine Diagnostics Exhaust System
Alignment Brakes
Fuel Economy Oil Changes
Suspension & Ride Control Air Conditioning
Heating & Cooling Maintenance Tune-Ups
Power Flush Services Tires
Preventive Maintenance Starting & Charging
In providing best service, Tuffy Franchise continually to develop and examine latest products and services use to qualify the needs of a varying market. And they only use products and services that are qualified and will give the best service to their customers. The success of its franchise is the success of the company itself. They provide full support to their franchisee because Tuffy franchise system is based on the continuous achievement of their franchise holders. With the commitment of being on the top of the automotive industry, they do everything to provide the demand of excellent products and services. There are lots of benefits in becoming a Tuffy Franchise, knowing the fact that automotive market is really growing tremendously. Added to this is the prices of new automobiles that are rising up, the longer the automobile is being used the more money is being spend to maintain a vehicle. Today, numbers of vehicles on the road are really high; this is according to the American Market Research Council. Many homes do have multiple numbers of vehicles in their garage. And there are different vehicles that are being made nowadays such as trucks, minivans, light trucks, sport utility vehicle and many more. Through this fact, bigger opportunities for these vehicles are brought to service centers for repairs. Though, Tuffy is not the biggest repair center, it has been ranked by Entrepreneur, Success and Income Opportunities magazines as One of the Best Automotive Service Franchise in the U.S.. With a total investment of $209,000 to $349,000 and initial franchise fee of $25,000, you can start up your own Tuffy Associates Franchise. This also includes a royalty fee of 5% and a term of 15 years term of agreement.
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How to Start a Fabric Store
How to Start a Fabric Store 128 s2 expert advice72,039 views
If you are thinking of venturing into something new, then opening a fabric store is an option that you might want to go into. It is a great advantage if you have a background in fabric industry and have a business mindset.
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Before going into the fabric retailing, it would be advisable that you read something about it so that you will have an idea what are you getting into. Assess also the resources that you have so that you will have a guide on dealing with your fabric store business. Fabric is a material that is made up of thread and yarns. Yarns are composed of linen or wool fibers that are made with the use of spinning wheel. Fabric is usually formed through weaving, knitting, knotting and pressing together these materials. If you want to venture into something new then opting to open a fabric store maybe a good idea. It is the best option for anyone especially if he or she has an experience or interest when it comes to industry of fabrics. Starting a fabric store is a good business to consider if you have an educational background when it comes to textile technology. It would be an added bonus if you have business skills to compliments your knowledge when it comes to fabric industry.
When starting a fabric business, it would be best to consider what level you would want to start. You can opt to do manufacturing or fabric retailing. A thorough background on each of the industrys market and nature can help you decide what kind you want to venture into. There are a lot of business magazine, trade journals and other pertinent source of information that you could read to give you an idea what type of fabric business you want to enter. It would be best if you also look into your capital. In this case, you have decided to venture into retailing business by opening up a fabric store. It would be best to look into how much capital you have and how big your network when it comes to textile marketing. If you assess your area and look at the shortage when it comes to fabric stores, then considering retailing is a good idea. Similar ArticlesWhere to Shop for Business CasualTips in Drafting Clothing Return Policy
Starting a fabric store
After deciding to put up a fabric store, it is time now to get information that you need so that you can get started. Look into the rules and regulations when it comes to starting this kind of business. You might want to seek the help of a professional. Take note about that the law when it comes to registration, licensing, staffing and safety measure varies from different area to another. If you want to save time or resources then you may want to hire somebody to do this investigation.
Gather every requirement that you need in order for you to set up your fabric store. Of course location, storage space and man power are the things that you need to consider. After spending time in the physical store management, it is essential that you strategize a marketing plan. This will help you define your customers as well as your goals in the future. In your fabric store, you will definitely need to partner with a supplier and manufacturer that could give you the fabrics for you sale. Doing advertising and marketing work is an important aspect of your fabric store.
Your fabric store certainly has potential to grow. You can be a fabric supplier of leading clothing company if you bag a good partnership. All it takes is dedication and motivation and hence this will eventually lead to you owning a successful fabric store business. Recommended ArticlesBuying Wholesale FabricHow to buy wholesale fabric must be taken with enough caution. The competent features of your end product will depend primarily in the quality of the fabrics purchased.Establish a Fabric Wallcovering BusinessDo you want to work a fabric wallcovering contractor or supplier? Find out how you can become one of these two by browsing through our fabric wallcovering business startup guide.
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128 ssarah said on May 19, 2009Hello! would like to start a fabric shop. Are there any books that can help guide me in this venture? Also, who would I contact about wholesale merchandise?Diane said on July 14, 2009I want know what I need to get started in doing to make a fabric shop.Ann Hendren said on July 30, 2009I would like to open a fabric and notion storeRona Woods said on August 10, 2009I would like some information on starting a fabric shop and how to go about locating a wholesaler so that I can get fabrics and notions a cheap price.Guylaine said on September 12, 2009Hi, I would like some info on starting an online fabric and ruffled lace shop in Canada. How can I find a wholesaler? Is there some kind of wholesaler list available?Brenda said on October 14, 2009Thinking of starting a fabric shop of my own. What is needed to get started, is there wholesale stores I can contact. Can you provide information on starting? Please.sarah said on October 31, 2009hi, I really want to open up a fabric store, but was wondering can one do it online, and then go to an actual place for fabric? where does one get a list of suppliers to start off from? Literally how much money is involved in starting one?Tonya said on November 4, 2009Hi!(smile)I’m currently enrolling into FIT of NY and my goal is to become a textile/surface design and my long term goal is to become a fabric designer/fabric wholesaler, small manufacturer. I really in need of some guidance on how to start my own adventure in this business; any info would be greatly appreciated!KK Mac said on November 28, 2009Hi! I am looking into starting a retail fabric business in Georgia. Is there anyone else out there interested in this business venture that is in this region? Any information will be very helpful. Thanks!Gina Lazzara Witkovsky said on December 4, 2009Gina Lazzara Creation Fabricks. Destination for Up coming Fabric Store: Caro MI 48723Gina Lazzara Witkovsky said on December 4, 2009I also want to know how much money do I need to start this Fabric Store?Robin said on December 21, 2009Walmart fabric going out. No other fabric stores in Savannah Tn. area. Want to open one. Don’t know where to begin or where to get the money. been working in clothing factory for years and my own sewing business on the side. We need a fabric store around here. Need some help!Deborah Cook said on December 27, 2009Would like to open a fabric store not as expensive as a quilt shop but better than Walmart. I need help getting started. Can you tell me how to find supplier?Sue Williams said on January 2, 2010I presently live in Goldsboro, NC and our only Walmart is closing its fabric dept. There are a lot of people really upset because you have to drive about an hour to get thread, fabric, etc. Anyone in the area interested in doing a fabric store business?Tommy C said on January 10, 2010If anyone is interested in opening up a fabric store and needs a reliable and cheap supplier. Contact me at tommychui.cty@gmail.com. My company specializes in Fleece, mesh, tricot, function fabric and many more. Contact me for details. TOMMY CDeborah Stallings said on January 17, 2010I would like information on opening my own retail fabric store. How do I go about this? I have found a retail location, now I need information on suppliers, etc. Thank you!Debbie Leier said on January 19, 2010I am looking into opening a retail fabric store in Central Alberta Canada. I was wondering about how to get information on inventory of fabrics, patterns, notions etc. Also an amount to start the process. I would also like to know what an average size fabric store is. I would need supplier information for shelving and displays etc. Any help would be greatly appreciated. Thank you.April said on January 22, 2010How do I find a supplier? I have looked on the internet but am not getting any results. I would like to add fabric to my store.Wanda said on January 24, 2010Our local Wal-Mart (Kentucky) is eliminating its fabric department and we don’t have any other place to buy fabric locally. I have been wanting to open a business of my own. What will I need to do to get this going? How much initial money will it take to get going? How do I find suppliers? All other information would be greatly appreciated. Thanks.Tencie said on January 26, 2010Am living outside the United states. Providenciales Turks and Caicos B.W.I.. There is no fabric and craft store where I live at all. A store here will have great potential. I work in a fabric store for about five years and have a general idea of what it takes to run a fabric store. I want to know how much money it will take me to start and how do i find suppliers? I am not finding anything online.Patricia Maddox said on January 30, 2010After Wal-Mart also closes their fabric department in my North Louisiana town, I am over an hour away from anything else. My dream has been to open a fabric store along with the children’s clothing that I also make. I need to know initial money needed and how to locate most economical suppliers. Want to be able to offer prices that are affordable by all.Linda Stewart said on February 28, 2010I am wanting to start my own fabic store. Walmart is going out and we have none in our quilting community of 4 small towns in the area. The next fabric store will be 60 to 75 miles away depending when you Live. I dont know where to begin. I would like some help. thanks, Lindabarb said on March 24, 2010i want to open a fabric store in warman saskatchewan canadasusan said on March 27, 2010Newark, New York walmart did the same here. I want to open my own shop but don’t know where to start. Where do i find suppliers? I want to keep my prices reasonable. The only fabric and craft stores are about 30 minutes away. Please help.Beverly said on April 3, 2010Hi I would like to start my own fabric store in Mountain Home, but I do not know where to start. Can you help send me in the right direction?Marsha said on April 6, 2010I want to open my own fabric, ribbon, etc. business in my town. How do I get started and how would I go about getting wholesale materials? Thank You!Donna said on April 7, 2010Durham Co, NC. I too, am wondering where to find information on where to buy the designer fabrics that I would like to sell online wholesale. I have a business background, time and space. I have access to licensing information for this area. This is the piece missing.Margie said on April 9, 2010I would like to know how to go about opening an online fabric store that would eventually become a brick & mortar when I retire. I have a booming sewing business and need to have a source of quality fabrics for my children clothes and other projects. I am very knowledgeable about fabric and have some retail experience and lots of business experience. How do I get wholesale fabrics at genuine wholesale prices and what is the first steps toward have a successful fabric e-shop. Please help!! ThanksBrenda said on April 12, 2010Littlefield, Tx. I would like to start my own fabric, crafts, etc. business in my town. But would like to know how to get started and how to getting the wholesale materials/suppliers for my business. I have a dream that I would love to own my sewing, fabrics, yarns etc. business. Hope you can help me to find the way. Thanks.Debbie Rutherford said on May 7, 2010Atmore, Alabama, I would like to start my own fabric store with patterns, thread, zippers, and etc. How do i get started and how to get the wholesale materials and supplies? Any help is greatly appreciated. ThanksWendy said on May 15, 2010I live in NV and need to find fabric suppliers for the online fabric store I am planning on opening. Any information you can provider me with would be appreciated. thank youGabriella Silverblatt said on May 28, 2010I live in Colorado, in the mountains. I am thinking about opening a fabric shop in my town it currently has no fabric store. I do not know where to buy wholesale fabrics – particularly fine cotton fabrics. In addition I would like to know where to purchase thread and other accessoriesCAB-TEX said on May 30, 2010My company (CAB-TEX)is located in Concord NC. We are a Textile Distributor with a wide verity of fabrics in drapery, upholstery, outdoors & many others styles/patterns. Our prices is very competitive in the industry. If you want to set up a Fabric shop. please give us call on the numbers below. Clement Ramdin -704-720-0875(O)/ 704-309-4840 (c) Jerel Sangandi- 704-720-0875(O)/704-506-6225(c)Elizabeth Huizenga said on June 1, 2010Eastern Iowa. Our local WalMart ran our local Hancock Fabric store out of business, then closed out their fabric dept. Please send any info on what we need to start up a fabric/notions store.Kathy said on June 3, 2010Lagrange, GA. I want to open my own fabric store in my town and do business online. How do I get started. Thank You!Brandy said on June 8, 2010My mom and I are wanting to start a small fabric shop in our small town! We are not sure on how to get started! Can you help me locate some wholesale companies and any other advice would be greatly appreciated! ThanksNancy said on June 14, 2010Columbus, TX 78934 Our town has no fabric store within 50 miles. Our quilt shop grew so fast the owner became overwhelmed and closed. I have worked in fabric stores in the past and have experience teaching basic classes as well as experience in alterations. Where do I find information on how to go about starting my own store.GRACE NYAMOSI said on June 17, 2010Thanks for the advice but I want to know where to get wholesale suppliers. I want to open the textile business in Kenya at Kisii district Nyanza Province. Help me get contactsLynn said on June 18, 2010i am interested in starting a fabric shop in Charleston, SC Lois said on June 24, 2010Very interested in setting up fabric/notions store in Hilliard/Callahan, Florida area. We need it. Thank you!Marianna Marshall said on June 24, 2010Hello…I also am working on opening a fabric and notions shop and I need to find wholesale suppliers. Can you help me. I am here in Central California.Pat Kuhlman said on June 27, 2010Central Oklahoma I am also trying to get all the information I can on starting a fabric and notions store Gina Connelly said on June 29, 2010I am looking into to starting a Fabric Store. I don’t know where or how to find the wholesale stores for fabric and/or notions to get it started. Was wondering if you had any suggestions. Thank you Colleen LaMarre-Treagan said on July 1, 2010Quincy, Ca., USA. I want the same information like everyone else is asking about, i.e., how to get started. I am really interested in how to decide on inventory quantities and notions to start out with or where to get this information. ColleenGary said on July 9, 2010Coaregold ca. Like many of the above question, I would like to open my own fabric, craft and other supply store. Any advise would be very helpful. thank you GaryFrances Shanks said on July 11, 2010I am very interested in starting a fabric/yarn shop and teach sewing & crocheting on the East side of Gainesville and Melrose, FloridaGleni said on July 14, 2010I am interested in starting a small fabric/quilt shop in Southeast Missouri and would like a list of vendors and startup information.velma said on July 16, 2010My sister and I are interested in starting a small fabric/quilt shop in Southeast Kansas we need help locating wholesaler and startup information any suggestion as to how to get this started would be greatly appreciated.Janie said on July 19, 2010Kentucky, USA I am looking to open a shop to carry more affordable fabric and would appreciate any info you can share on suppliers of fabric at wholesale prices. Any info you can give on startup info would be greatly appreciated.Sandy said on July 27, 2010S.E. Texas, would love to open a fabric store. What are the costs and where do I purchase wholesale fabric?Holly Shiers said on August 5, 2010Leigh-on-sea, Essex, UK. Hi My sister and myself both have backgrounds in fashion and cloth. We are looking into opening a fabric shop where we live in addition to selling fabric we would also sell our own fashion collection. Please could you give me any information on contacting suppliers as I am unsure of the best way to do this. I have started searching on the web but its proving a bit daunting. I am traveling through Malaysia and India at the moment is it best to visit them in person? Also are there any books that could help me. Thanks and kindest regards, Holly.Christine said on August 12, 2010Yazoo City, MS, USA I would like to open a small affordable fabric and notion shop. I would like information on suppliers, vendors, and startup information. ThanksMargie J. Langdon said on August 14, 2010Lehman, PA USA. Hi, I would like to start a fabric and notions business, but my family and I are looking into moving out west in the state of Wyoming. In the town we are looking at to move to there is no fabric store because it is an old frontier town off the beaten path. Is there a book on how to go about starting a fabric business? and is there any information on how to go about starting up an on-line fabric business like I’ve been seeing alot of? Any information that you can send me will be appreciated. Thanks very much. MargieSonja Bowling said on August 24, 2010I am interested in opening a Fabric store . I am interested in both quilting and garment construction fabrics………… more interested in the quilting end of it. Now that wal-mart no longer carry fabric, and many retired and fixed income folks can’t afford the upper end fabrics and in my area that is all there is. I would also like to carry the upper end as well, but give other options for all incomes. How much would one need in start up and how do you get in touch with fabric companies and going to market? Any information would be appreciated. Sonja Jennie Condit said on August 28, 2010I would like to open a small fabric store. I don’t know where to start. can you help? ThankChaitanya singh Arora said on September 13, 2010Hello, I run a company which deal exclusively in Organic cotton and Silk fabrics. We are one of the largest in India and export all kinds of fabrics. We have very Low MOQs and offer a wide range of fabrics like cottons, denims, canvas, prints, bed linen fabrics etc. Kindly, check our profile 0n- www.organicherbinfused.com All those starting a business will benefit working with us as we understand start up company needs as and have many offers running year long. Awaiting your reply and hope to work with all you budding entrepreneurs. Regards Chaitanya Singh Arora Penchant India +91 9810319384Penny said on September 14, 2010Have the will and the ideas to start up a much needed fabric store in my area. Need start up cost estimates and ideas on how to contact suppliers. Not talking designer upholstery fabrics, just everyday fabrics and notions to start with.Agha Ali said on September 14, 2010Hi All, i just bought a store and planning to open with different home textile items including bedsheets, towels, cushion covers, table cloth and much more just keeping my fingers cross that hope it works out for me. As far as i am concern right now working with WPP company MAXUS as an Head of Planning for nestle. i would really be delightful to have valuable suggestions from you guyz if any . my contact is here by attached ! cheers to all Have a good day. Regards, Agha Ali hussain Tel# +923214963626 City. Lahore Country. Pakistan Region : AsiaSRINIVASA NAIK said on September 23, 2010I want to start fabric store in bangalore-karnataka/India, please give some information for me.donna said on October 8, 2010Looking to start a Fabric store in Southeastern Massachusetts. I would sew all day long if I could find quality, designer fabric, not kiddie or quilting and craft fabric.Kimberly said on October 11, 2010Medicine Lodge, KS. USA. I am wanting to know how to find suppliers. Ya know fabric, notions, and any-other things that can go into a storeJess said on October 13, 2010Milan, Italy. Hello, I’d like to start my fabric shop specialized in American fabric, who can help me. I could also be a subsidiary…Thanks a lotLinda Goachee said on October 20, 2010My fabric store would be in Bandon, OR in the USMary said on October 20, 2010Hi, I’m located by a small rural town Ash Grove, MO USA with many small towns surrounding it. I would like to open a fabric/bead/embroidery store to accommodate all the mennonite communities, sewers, crafts, quilters, etc. so I can bring them back to local shopping. I would like to know how much capital is generally needed for small scale start up. Suggestions of any books to read would be helpful. Who are the best wholesalers? I have been in retail working as a manager for someone else for 14 years at an art/frame shop. With the economy I am in a dead end job with no retirement. Time to work for myself. Where do I start? Thank you in advance for any help you can provide. Rose said on October 25, 2010Hi, I run a online store for Japanese fabric. Welcome to check out if you need supplier or wholesaler. 4quilting.com/storechris said on October 26, 2010Hi, I’m from Vanuatu in the South West Pacific. I need help starting a fabric store.I like designing clothes but the problem is we dont have the fabrics that suits the styles wanted.How can i find a supplier.Also anybody interested to joint ventureFrances Shanks said on October 29, 2010I live in a town in Florida that can profit very well in fabric. Need some help in getting started. I now teach sewing & crocheting.Anita said on November 2, 2010I am interested in looking at the start up costs in opening up a fabric shop, inventory costs and how the wholesale market works net 30 days etc. Also what the current economics have had on the retail fabric industry? Whether or not it is a lucrative business at this point in time. I live in Parksville Vancouver Island B.C, V9P 1J2. The only competition is Fabricland and it is a 30 minute highway drive away. I think we could use some more vibrant selections. Some insight would be greatly appreciated. Thanks AnitaNOELIA VASQUEZ said on January 24, 2011I am interested in the start up costs in opening a fabric shop. I need advise as to whether is would be wise to venture into this type of business in today’s economic. Business would be located in Rio Grande City, Texas 78582, a small city, 50 miles from the McAllen, Texas.martie lesson said on February 2, 2011I am finding it difficult to locate fabric display racks and have only found one site that sells the fabric rolling measuring table. can you direct me to possibly a co. close to or in fl? thanksSherry Torgerson said on February 4, 2011Hi I am interested in opening a fabric shop and would like to know where to start and where to buy my inventory for it. I am located in Eyebrow Saskatchewan and our Walmart went out of fabric and there is a lot of people that quilt in my area and have no way of getting to the city. ThanksPG Fabrics said on February 4, 2011I have an online retail fabrics store www.pgfabrics.com specializing in quilting fabrics and notions. Low everyday flat rate shipping. Professional longarm quilting services by Bette. If your on Oahu, we will be opening a physical location soon.Deb said on February 16, 2011I’m interested in starting a notions shop in my town- any help I can get re: business plan, wholesalers, etc. would be appreciated. The only notions available in town are at a local salvage type store and it’s hit or miss.Noelia Vasquez said on February 18, 2011I am interested in starting a fabric shop in Rio Grande City, Texas. Like many small towns, wal-mart has eliminate their fabric shop. Two neighboring towns need to travel 45 miles for a piece of fabric or other sewing or craft notion.Linda Atkinson said on March 24, 2011Richmond, Missouri. Like Deb and Noelia, I’m interested in starting a fabric and notions shop in or around my small Missouri town. I need help with a business plan, wholesalers, etc. We are about 50 miles from Kansas City and with fuel prices and cost of living, way to far for people to travel. There is nothing else around here. Help would be appreciatedmaryann said on March 31, 2011I want to open a fabric and yarn store. How do I find wholesalers and how do I negotiate payment.kitty caples said on April 4, 2011I AM GETTING READY TO OPEN A FABRIC SHOP. DO YOU HAVE AN IDEA WHERE I CAN BUY CUTTING TABLE, AND TABLES TO HOLD THE FABRIC ?lawandakimbler said on April 9, 2011I live in a small town in alabama and we have to drive an hour to get to any where they have fabric i’m thinking about opening a fabric store and would like to know if any one can tell me wear there are some good suppliers . Lawanda Kimbler Atmore Al 36502jean said on April 19, 2011I am very interested in opening a quality fabric store for clothing fabrics. There are a ton of quilt stores as well as Joanns. Could someone please provide a list of fabric wholesalers? Also, what, on the average, is a ballpark estimate as to what it would cost to open an average sized fabric shop (in terms of inventory only)? Thanks.Victoria Brown said on May 11, 2011I WANT TO OPEN A CLOTHING FABRIC SHOP. I AM BASED IN JAMICA ALTHOUGH THEY HAVE FABRIC STORES HERE THEY DONT OFFER QUALITY AND UPTO DATE FABRICS FOR APPARELS. NEED HELP IN FINDING A SOME GOOD SUPPLIERS.
cathy turner said on May 16, 2011The only fabric store in my town is an hour away. Walmart used to have fabric, but recently closed their fabric department. I have owned and operated a General Store in the past. I can’t find anywhere to buy fabric that I can resale as cheap as Walmart. People in this area do not have much money. Any suggestions. I have looked at 100’s of fabric selling web sites but none could offer me any deals. Any help would be appreciated.Wilma Holman said on May 17, 2011I love fabric and there is not a good fabric store in town. please advise. Fleetwood, NC 28626Bet said on May 19, 2011Near Portland, Oregon (Scappoose, or St. Helens Oregon) I would like to open a small fabric/yarn/pioneer arts shop. What would be an average cost, and how does one locate the wholesalers and gather inventory?Cathy Martin said on May 30, 2011Blanchester, Ohio USA. Interested in opening a store that would sell notions, a bit of fabric, alterations and custom sewing as well as sewing lessons. I have found my location, but need some encouragement about if it is feasible and what steps to take!Arugaw beginner adviser said on June 8, 2011Verona, Italy, I wholesale fabric made in italy and would be of help sourcing great quality fabric made In Italy. Silks, Wools, Linens, Cotton. Matching notions,thread, zippers buttons,lace. I specialize in interior fabrics as well as fashion fabrics. I can also give you a few pointers on stocking up a fabric shop. It is important to analyze your markets needs and what would sell the most because there is so much fabric to chose from in the market and it is sometimes not possible to have it all. My email address is waguraw@yahoo.comwaguraw@yahoo.communiyappa said on June 15, 2011i like to open cloths shop in jayanagar, at bangalore, india. plz give some suggestion where i can buy the cloths ( Shirt’s, Jean’s, Sarees ) give some address Marianne Posler said on June 27, 2011I am seriously contemplating starting my own fabric store. There are only 2 fabrics stores in my area. One that is only open 3 day/week-3 months/year. and JoAnns. I find that JoAnns no longer carries quality apparel fabric. I want to start small and see how it develops. I’m looking for a mentor and direction.mapo cramer said on July 1, 2011I live in Redwood City, CA. I would like to start a fabric store. I want to specialize in Polynesian print fabric shop only in 100% cotton and cotton/linen print. Any wholesaler out there interested in partnering with me? What are your expectations and rules? Thanks, mapo Cherilyn Leeson said on July 5, 2011Hi, i’m planning on opening a fabric and haberdashery store selling decent fabrics of all types in my local town of Bournemouth UK, however the same as everybody else, where do i get decent stock from? A large part of my client base will be students at the local Arts University where there are around 6 different textile/ fashion courses, so i need all sorts. All apparel fabrics, as there are 3 really good interior fabric shops nearby. The other question, is what type of start up cost would be involved? Any guides would be a big help! Thanks CherilynFatima said on July 5, 2011I would like to open retail fabric store in Toronto Canada. I would like to know who would be my targeted customer and what do i do differently to attract customers. what i need to know in starting my own business.Nikki R. said on July 11, 2011Hi, guys. Have someone opened a store yet? Can you give any advise how to start. I am in Fl and would ike to open a sore as well. Thanks!Anita Witte said on August 18, 2011I would like to start a fabric store and need to know how to buy wholesale and what the mark up is for retail. I am looking for quilting fabrics and notions that go with quiltingikanyeng said on September 25, 2011i would like to open a fabric store,can u pls give advise on how to go/start in this industryHashmi Taj said on September 28, 2011i m from bangalore India and i m looking for starting up a furnishing fabric store here. plz help me.Deepika Nindra said on October 14, 2011Hello, I am based in Colorado, USA and would like to start supplying linen (bedsheets, cushions, table runners, bedcovers etc) to stores here in the USA. My mom is based in India and has a small business in New Delhi which she runs from her home where she supplies locally linen in New Delhi. We want to start supplying Linen here in the US and expand. Can you help advise which stores can we approach here keeping in mind that we are a small company. Regards.Cindy said on October 15, 2011I have a passion for fabric, some would like to call an addiction. I would like to start up an online fabric store specializing in designer cotton quilting & organics. Any advice would be appreciated.Marianne said on October 19, 2011I have found the perfect location for a fabric shop but don’t know where to get started in regards to what business info I would need to start up such as how much money it would cost to start what companies to purchase from? Any recommendations for a beginner would be great. I am located in Spokane, Washington USALila said on October 24, 2011I want to open a fabric shop in Durant, Oklahoma. The nearest one is about 20 miles. I have been sewing since I was 5 and want to open my own shop. The town I live in has a walmart with fabric but it is very small. I want to open and do Quilting and Knitting and such. I also want to teach people how to swe, knitt, crochet, and quilt. I don’t know how to get started and how much it will cost. Is there any programs that assist people like me?Sabrina Francis said on November 14, 2011I am looking to open a fabric store to fill a niche in my community in Los Angles. My focus is better fabrics and international textiles for the home sewer and artisan. I am looking for wholesale sources for notions and fabrics.irene davies said on February 15, 2012Hello, I live in Uk and would like to start my own business. I have given much thought to this and i am convinced as to what business i want to do. I would like to open a store to sell clothing fabrics for men, woman and children. but do not really have a clue how to go about it but I know I could do it if I know how. I have a passion for it and dedication. How do I get started e.g. suppliers, registration etc. There is a large vacant shop for renting in my area and I have capital that could help me to start as soon as possible. Please advise. Thanks(0)1 (All the above fields are required.)
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Do you want to stay connected to your work or loved ones when you travel around? Most people would love that too. Thats why they usually rent a satellite phone that features clear voice quality, robust reliability, reasonable per minute rates, data capability, and must-have accessories.
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You can study about starting an Iridium Rental Store here.Iridium satellite phones came from Iridium Corporation. They made the claim that theyre the only satellite phone provider that gives global coverage this even includes airways, oceans, and polar regions. In short, their phones are capable of delivering communications in remote areas worldwide, making them the top choice for people in various industries such as rescue, transportation, heavy equipment, forestry, mining, emergency, military, geology surveying, oil exploration, aviation , and maritime. Iridium Rental Store Plan Iridium phones are also excellent for people who want to get connected even during vacation in a remote place. As such, opening an Iridium Rental Store truly makes sense. The cost of these phones range from several hundreds up to several thousands, so not everyone can afford to buy one. And since they only use it for a short period of time, it would make sense for them to rent instead of buy. Definitely, different rental stores have different rates for the clients. Conduct some rate comparison and internet analysis in order to find the typical rental costs nowadays. Also, make sure that you offer a daily, weekly, and monthly rate in your Iridium Rental Store. Iridium Rental Store Guide Iridium phones are extremely rugged and they dont have the geographical limits of a regular cell phone. There are generally two famous types of Iridium phones:
Model 9505a this phone weighs 13.2 ounces and measures 158mm x 62mm x 59mm. The battery allows 3.2 hours of talk time and can easily function in temperatures ranging from negative 10 Celsius up to 55 Celsius. Model 9555 this is the newest lineup in Iridium phones with more features than the previous model. It weighs just 9.4 ounces and has smaller dimensions measuring 143mm x 55mm x 30mm. Standby time is about 30 hours, and talk time has been upgrade to 4 hours. Email options are available within it, plus an address book that contains 100 entries. Whats more, it has the ability to illuminate its window and display 200 characters on one screen.
When renting out Iridium phones, you need to make sure that it has long battery life and extra features such as text messaging and voice mail. In addition, you should be able to rent out other accessories such as the solar-powered battery charger to make sure that your customers are charged up and always ready to go.
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