If you are an animal lover with entrepreneurial spirit then opening a pet store can provide you with an opportunity to work with animals and be your own boss. Although opening a pet store seems fun, owning and operating it requires plenty of hard work and careful planning. Running a pet store is not different to any other kind of new business. The success of your venture depends on meeting your customers’ needs and creating a positive atmosphere. Also, selling pets and supplies requires meeting certain standards, complying with rules and regulations and performing a few necessary procedures.
Here are some basics to get you started.
Assess your ability – It is a great idea to work or volunteer at a pet store. This way you will be able to learn the business and determine if you are capable for such type of venture. Learn as much as you can about different pets, their characteristics and needs. This is essential and will help you when you open your own pet store. You will be in a better position to relate to and serve your customers.
Create a business plan – Develop a business plan that includes your short term and long term goals. Outline the necessary steps which are required to achieve these goals. A good business plan includes, what is being offered, financing, and establishing your brand. Before creating a business plan, it is essential to research the market to determine your clientele and expected profit.
Select a suitable location – Choosing the right premises in the right location can be a critical deciding factor in your business success. This decision solely depends on the kind of pet store you are hoping to set up, types of animals you will keep and the services and products you will offer. Once you have found the space, consult a commercial property lawyer to know about zoning regulations and permits required.
Obligation and compliances – Unlike a typical retail store that sells toys or clothes, owning a pet store requires you to take care of live animals, so it is necessary that you adhere to the laws and regulations related to it. Before opening the store, obtain a business licence or a pet shop licence from the local jurisdiction. Another legal aspect that pet shop owners need to abide by is the health and animal cruelty codes. While choosing animals, make sure that it is legal to sell them. You also need to purchase commercial insurance. No matter how experienced you or your employees are with handling pets, there is always a chance of injury. So it is advisable that you purchase commercial insurance. These are just a few legal tips, for more specific guidance call an experienced property lawyer in Melbourne. He/she will help you in applying for the permits and purchasing the insurance.
Outline the policies – Think about how much hours you need to put in and the workflow. Set a competitive pricing for the items. Decide how you will handle client payments and also make sure that all your liabilities and requirements are in the contract. Plan how you will notify clients of your time off and how to handle replacement care.
Running a pet store can be extremely rewarding if you properly adhere to the steps for setting up and registering your business.