Opening a candy shop can seem overwhelming, but when you have a business plan to follow, the task is much easier to tackle. Suddenly, the long list of things to do becomes organized and much more manageable. With the Candy Store Business Plan, you can get the expert guidance that will help you open your candy shop. Start by choosing a place to open your candy shop (or candy store franchise). A high-traffic location is also usually convenient for customers and can be an ideal choice.
Offer some sort of product or service that consumers cannot get at your competitor so you can increase your chance of success (for example, unique candy bouquets).
Depending on where your business will be located, you'll need to get a business license from your local city or county office. You may also need signage permits.
Register business name (store name) with the county clerk. Get a federal tax ID from the IRS website. You can also get information at the IRS site about business income tax, self-employment tax and paying estimated taxes.
It is important to keep personal and business finances separate, especially come tax time. You can open a business bank account in an afternoon for minimal cost. It's a good idea to interview a few banks to compare services like small business financing. There are many other benefits that a business account can offer, so make sure to ask.
Meet with an insurance agent to discuss your insurance options and requirements. The IIABA (Independent Insurance Agents & Brokers of America) can help you find a reputable agent in your area. You can also use insurance network websites to get business insurance quotes for free.Meet with a local tax accountant to find out how you can take advantage of all the tax benefits available to businesses. You can also get a better understanding of what tax and accounting tasks need to be done, and if you'd prefer to do them yourself.