In this 10 part series, we are going to pull back the curtain and take you behind the scenes as we started our wine and liquor store. We recommend starting at the beginning. Some of this information will be specific to our store and New York State, but we will try to keep most of the information general to apply to a variety of brick and mortar stores. If you have any questions, please leave them in the comments and we will do our best to answer.
>>>>Introduction – 10 Part Series: How to Start Your Own Business (You Are Here)
>> Part 1 – Find Your Desire: Why Do You Want to Open a Business?
>> Part 2 – Research the Market: Will it Support Your Product or Service?
>> Part 3 – Finding the Ideal Location
>> Part 4 – Get Required Licenses
>> Part 5 – Prepare the Location
>> Part 6 – Waiting for Licenses
>> Part 7 – Getting Approved
>> Part 8 – Final Preparations
>> Part 9 – Grand Opening
>> Part 10 – 1 Year Review: A Look Back
Introduction to the Series
Being an entrepreneur is not easy. We know, as we have started multiple businesses. Not only are you creating a new product or service and determining if there is a viable market for it, you may potentially have a large time and financial investment as well. There are also a lot of things that come with starting a business, such as managing the books, getting insurance and paying employees properly. One of our goals here at Entreprenewlyweds is to pull back the curtain and show you what it really looks like to start and run your own business, and the impact it can have on your family and relationships. Many entrepreneurs, although successful, have strained family relationships. Sometimes they may even get divorced over the dedication they have to their business. Unlike some other places out there, we are not going to sugarcoat it and make it appear like being an entrepreneur is an easy thing and you can get rich overnight. It is difficult and it will test you physically and mentally, but it can be a very rewording experience (both emotionally and financially) if done right.
One of the things that sets us apart from many other entrepreneurs is that we have started businesses in a variety of niches, including a traditional business with a physical location and products, a real estate investment business with residential and commercial leasing, a business/technology consulting business and many online businesses. These various ventures provide us a unique perspective to be able to compare and contract the different aspects of each type of business, as well as the ability to bring aspects from one business into another.
If you are thinking of starting your own business, we want to take many of the questions and unknowns out of it. To do this , we are going to walk you step by step the process that we used to open our wine and liquor store, Warsaw Wine & Spirits. In this 10 part series, we are going to walk through the steps that we took to:
- Find Our “Why”: Why Did We Want to Open a Store?
- Research the Market: Will it Support Our Product or Service?
- Finding the Ideal Location
- Get Required Licenses
- Prepare the Location
- Waiting for Licenses
- Getting Approved
- Final Preparations
- Grand Opening
- 1 Year Review: A Look Back
So sit back and get ready for the next two weeks as we provide you with an unprecedented behind the scenes look at the process that took us nearly a year to get through. As a bonus, at the end of the series, we will also fast forward to the end of our first year and share with you our successes and failures from that first year. And this is what connects it all together. Far too often you see the beginning and the big launch, but the difference with successful businesses is how things progress as times goes on. This piece is so important because it shows if your planning and preparations ahead of time were accurate and if a business is able to shift an adapt and things change.
Coming Up Next: Part 1 – Find Your Desire: Why Do You Want to Open a Business?