Jewelry and Watch Repair Business - Franchise opportunities

WANT TO START A JEWELRY BUSINESS? Passionate about your jewelry business idea? Convinced that you can provide a needed service to your target market? Not quite sure about all the steps needed to get your jewelry business up and running? Don't wait another day. Starting your own jewelry business doesn't have to be an intimidating process. STEP 1 WRITE A JEWELRY BUSINESS PLAN: Each Jewelry business plan will be different, but common elements include: A statement of purpose Description of necessary jewelry business insurance A description of the business Details on marketing, competition and personnel Proposed lease or purchase agreement for office space A set of operating procedures Financial data, such as loan applications and cash flow Tax returns of business partners and personal financial statements (which you can get from any bank) TIP FIND A MENTOR OR COUNSELOR If you are new to the JEWELRY business, it might be helpful to have someone guiding you along the process. A mentor could provide advice and guidance; seek out government- sponsored organizations, trade groups and your personal network for such a friend. STEP 2 SOURCE WHOLESALE JEWELRY SUPPLIES One of the most important aspects of any business is controlling costs. If you have purchasing your jewelry supplies at retail prices,you will not able to make as much of a profit as when you buy your jewelry supplies wholesales. STEP 3 OBTAIN A BUSINESS LICENSE: Licensing requirements vary by state, so check with your local business board, but typically, to sell your jewelry you will need to have a state business license. STEP 4 ACCOUNT FOR EVERYTHING: The IRS states that you must pay taxes and file a tax return on any income- generating activity that you operate with the intention of making a profit. STEP 5 TRACK INVENTORY: Before you begin, you should also know that you will need to keep track of your inventory, both jewelry supplies and finished pieces at their cost value. DECIDE WHERE TO SELL YOUR STEP 6 JEWELRY: This should be included as part of your business plan.When you are ready to begin selling your jewelry, determine where you want to sell it. STEP 7 CREATING MARKETING AND РАСКАGING MATERIALS: There is som much to be gained from a memorable presentation. When you sell a piece of jewelry, how you package and present it to the customer can be factor in convincing them to return for more. STEP 8 PRICE YOUR JEWELRY: This aspect of starting a jewelry business is often the most difficult for beginners to get a good grasp on.Do not be afraid of pricing your jewelry too high; often the trouble is setting prices too low to profit. STEP 9 BE PREPARED FOR OCCUPATIONAL FAILURE: A common mistake many business owners make is expecting too much too soon.It takes time and hard work to build a business, and growth occurs from word of mouth. STEP10 LAUNCH YOUR BUSINESS!: After you have made preparations, sourced your supplies and marketing materials and set accurate prices, you will be ready to start your jewelry. You can successfully start and maintain a jewelry business. SOURCE: http://www.massmailsoftware.com/blog/wp-content/uploads/2012/05/ so you_want_start_a_business_infographic.jpg http://www.bing.com/images/search?q=Gold+Jewelry&Form=R5FD13#view=detail&id =F344B581F5FA5542F0909A9EA0F2FF420CD910DB&selectedIndex=0 http://www.bing.com/images/search?q=Gold&Form=RSFD7#view=detail&id =0844AC733IEB29B96558375152542B75E741ED48&selectedIndex=7 http://www.jewelry-lighting.com/wp-content/uploads/jewelry-showcase-lighting.jpg http://activerain.com/image_store/uploads/2/7/8/4/2/ar125013125724872.jpg http://jewelleryschool.files.wordpress.com/2011/12/selling-jewellery-orange-pic.jpg http://voices.yahoo.com/10-steps-starting-jewelry-business-9350907.html?cat=46 http://blogs.roanoke.com/theburgs/files/2013/01/Walls-Jewelry-o04.jpg WANT TO START A JEWELRY BUSINESS? Passionate about your jewelry business idea? Convinced that you can provide a needed service to your target market? Not quite sure about all the steps needed to get your jewelry business up and running? Don't wait another day. Starting your own jewelry business doesn't have to be an intimidating process. STEP 1 WRITE A JEWELRY BUSINESS PLAN: Each Jewelry business plan will be different, but common elements include: A statement of purpose Description of necessary jewelry business insurance A description of the business Details on marketing, competition and personnel Proposed lease or purchase agreement for office space A set of operating procedures Financial data, such as loan applications and cash flow Tax returns of business partners and personal financial statements (which you can get from any bank) TIP FIND A MENTOR OR COUNSELOR If you are new to the JEWELRY business, it might be helpful to have someone guiding you along the process. A mentor could provide advice and guidance; seek out government- sponsored organizations, trade groups and your personal network for such a friend. STEP 2 SOURCE WHOLESALE JEWELRY SUPPLIES One of the most important aspects of any business is controlling costs. If you have purchasing your jewelry supplies at retail prices,you will not able to make as much of a profit as when you buy your jewelry supplies wholesales. STEP 3 OBTAIN A BUSINESS LICENSE: Licensing requirements vary by state, so check with your local business board, but typically, to sell your jewelry you will need to have a state business license. STEP 4 ACCOUNT FOR EVERYTHING: The IRS states that you must pay taxes and file a tax return on any income- generating activity that you operate with the intention of making a profit. STEP 5 TRACK INVENTORY: Before you begin, you should also know that you will need to keep track of your inventory, both jewelry supplies and finished pieces at their cost value. DECIDE WHERE TO SELL YOUR STEP 6 JEWELRY: This should be included as part of your business plan.When you are ready to begin selling your jewelry, determine where you want to sell it. STEP 7 CREATING MARKETING AND РАСКАGING MATERIALS: There is som much to be gained from a memorable presentation. When you sell a piece of jewelry, how you package and present it to the customer can be factor in convincing them to return for more. STEP 8 PRICE YOUR JEWELRY: This aspect of starting a jewelry business is often the most difficult for beginners to get a good grasp on.Do not be afraid of pricing your jewelry too high; often the trouble is setting prices too low to profit. STEP 9 BE PREPARED FOR OCCUPATIONAL FAILURE: A common mistake many business owners make is expecting too much too soon.It takes time and hard work to build a business, and growth occurs from word of mouth. STEP10 LAUNCH YOUR BUSINESS!: After you have made preparations, sourced your supplies and marketing materials and set accurate prices, you will be ready to start your jewelry. You can successfully start and maintain a jewelry business. SOURCE: http://www.massmailsoftware.com/blog/wp-content/uploads/2012/05/ so you_want_start_a_business_infographic.jpg http://www.bing.com/images/search?q=Gold+Jewelry&Form=R5FD13#view=detail&id =F344B581F5FA5542F0909A9EA0F2FF420CD910DB&selectedIndex=0 http://www.bing.com/images/search?q=Gold&Form=RSFD7#view=detail&id =0844AC733IEB29B96558375152542B75E741ED48&selectedIndex=7 http://www.jewelry-lighting.com/wp-content/uploads/jewelry-showcase-lighting.jpg http://activerain.com/image_store/uploads/2/7/8/4/2/ar125013125724872.jpg http://jewelleryschool.files.wordpress.com/2011/12/selling-jewellery-orange-pic.jpg http://voices.yahoo.com/10-steps-starting-jewelry-business-9350907.html?cat=46 http://blogs.roanoke.com/theburgs/files/2013/01/Walls-Jewelry-o04.jpg