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How to start a business sporting good business

I want to learn how to start and retail a sporting #business goods business

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you

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Stefanie’s Answer

Hi Bryan!

It's great that you already know what interests you. There's so much to learn about running any kind of business. Obtain a Business degree or take courses in business so you understand various aspects of running a business. Get a job working in sporting goods. Learn all aspects of each role within the business so you have a clear understanding of how each role keeps the business running. Become an expert in all areas (marketing, merchandise, accounting, payroll, retail software, customer experience, etc..) Understand how much of an investment you would need to make in starting a business. Will you need to take out a loan? Where would you open your business? Will you have a partner or someone you can trust to help you get things off the ground? Seek out answers to all these things and importantly seek advice from those that have direct experience. Best of luck!

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Harish’s Answer

The above response is Great but I would also like to add few points here.

1) The place at which you are trying to set up the business or outlet also is very important !! Please understand the need of the people in a particular locality. I mean the Demand
2) Also look at the Supply of the items depending on the near by supplier like for a Ball how quick a supplier can deliver, his quality, cost and reputedness
3) Important thing will also be like what would be your Universal Selling Point when compared to the other shop that sells the same product. If I am a customer to buy a Volley ball why should I come to your shop and not the other one ? There should be something special or Add on which will attract the customer
4) Also understand the competitors and their capacity.
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Jeff’s Answer

I agree with the above advice all the way. I would also suggest looking into eCommerce and digital marketing. The trend towards online shopping is only growing. Putting quality and customer experience first is always a strategy for success. Never settle for good enough when you can do better.
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