Pointers,starting,Urban,Clothi business, insurance Pointers on starting an Urban Clothing Store

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Urban type clothinglines are among of the most in-demand kind of clothes around theworld. This is primarily because of the influence of the hip hopculture in our society. Hip hop fashion complements the expressionsand attitudes of hip hop culture in general. Hip hop fashion haschanged significantly during its history, and today it is a prominentpart of popular fashion as a whole across the world and for allethnicities.This kind ofpopularity has brought in new ways of making a profit. Because of itshuge demand and popularity among the urban community across theworld, some have thought of making huge profits on this demand, andamong of those are celebrities. Many hip hop artistsand executives started their own fashion labels and clothing lines.Notable examples include Wu-Tang Clan for Wu-Wear, Russell Simmonsfor Phat Farm, Kimora Lee Simmons Baby Phat, sean john Combs for seanjohn clothing, Nelly for apple bottoms Jeans, Damon Dash and Jay-Zfor rocawear, 50 Cent for G-Unit Clothing, Eminem for Shady Limited,2Pac for makaveli and OutKast for OutKast Clothing. Other prominenthip hop fashion companies have included Karl Kani and FUBU, Ecko,Dickies, Girbaud, enyce, Famous Stars and Straps, Bape, LRG,Timberland Boots, akademiks, and gino green global.Other thancelebrities, business-minded people have also thought of making aprofit by selling some of the most popular clothing lines statedabove. Urban clothing shops and boutiques became very common on allparts of the world selling some of the most popular collections ofclothing lines.Many have startedthis kind of business, but with lack of experience, planning, andmanagement skills, their businesses crumbled and left some of thembankrupted. In this line of business, planning and research areforemost the most important elements before anything else. So hereare some tips on how to start an urban clothing line businessproperly and organized.File-in theNecessary PaperworkTo avoid runninginto the law for any business violations or lack of businessdocuments, clearing ones business paperwork firsthand could save alot of time and money. Check with the local business bureau and findout if there is any business licensing requirements that should becompleted before opening an urban clothing store. Businessrequirements such as permits, taxations documents and other paperworkshould be arranged before opening a business. Also, for this kind ofbusiness, a business permits that allows selling high profileclothing lines such as enyce, akademiks, and gino green global shouldbe carefully checked and cleared.Establishing thetype of business should also take place in this stage of planning.Determine if the business would run on a sole proprietorship or as apartnership. Planning this ahead would save a lot of money if anincident happens that shifting a business from a partnership to asole proprietorship would only be the solution.The Store’sNameNaming the store isalso as important as arranging its business documents. The name ofthe store should be related to the theme of the store. In this caseis an urban clothing store. The name of the store should always beunderstandable, easily memorized, and unique such as the Streetzwear.When a passerby reads the name Streetzwear, the first thing that’llcome into their mind is a store that sells urban or street clothinglines. Streetzwear is also a name that can be easily remembered andspelled. A name that leaves an impression on those that reads it isthe kind of name that can lead a business to its success.Base ofOperationsMuch like anybusinesses that deals with commerce, an urban clothing store shouldbe situated on a location where foot traffic is plentiful. The thingsthat should be looked at when choosing a place to start an urbanclothing store business should include:The populationwithin the area.The buyingcapability of the population.Itsaccessibility.Its visibility.Its cost.The number ofcompetition.The strength ofcompetition.Having knowledge ofthe population of people around the location is important for runninga huge urban clothing store business. Lesser population may meanlesser foot traffic, and lesser foot traffic could mean lesserprofit. Check with the local Census offices to learn of the number ofpopulation of the location.The buyingcapability of the population should also be checked if the store isplanning to sell some high profile clothing lines such as enyce, seanjohn, akademiks, or gino green global. Selling these collections on apoor district can leave an urban clothing store bankrupt. So choosean appropriate location where the majority of the population caneasily afford these kinds of clothing lines.Accessibility,visibility, and the cost of the land is the most important part ofchoosing a location. The location should be easily accessible by anytype of vehicles or by foot. The location should also be visible. Infact, the most appropriate place that can really bring in foottraffic because of its visibility are malls. Malls are the perfectplace to start an urban clothing store business since its capable ofproviding the right number of traffic a day, but when it comes tocost and competition, malls aren’t a reasonable choice.The cost of thelocation is important in building a successful business of sellingurban clothing lines. The cost should be easily covered by the profitthat a business earns per day. If renting a place, better check ifyou are capable of paying its monthly due. If starting on a locationfrom scratch, meaning building a store from scratch, make sure thatthere is an adequate amount of capital to cover all of it.The number andstrength of competition should also be carefully checked. One way ofcompeting with resident stores on an area is to observe what they canprovide and what they cannot provide. Take for instance a shopselling clothes from apple bottoms and house of dereon, but they lackon selling jeans from enyce, akademiks, and gino green global. Thisis a perfect opportunity for to take advantage on a competitor'sweaknesses. If they can't provide clothes from enyce, akademiks, andgino green global, then the appropriate course of action is to targetthose kinds of clothing lines.But it’sbetter to just stay off clear of those big retail clothing stores,especially those franchised stores because these establishments havealready established a name on the streets.Choice of StockChoosing the rightstock is very important for building the success of an urban clothingstore. Subscribe to magazines that feature urban clothing ads andphoto spreads. Talking to people on the streets could yield someinformation on the hottest clothing collection. Observing what peoplewear and what brands they are wearing is also important. Here are isa list of the brands that people on the streets are currentlywearing:Sean John andenyce by Sean “Diddy” CombsHouse of Dereonby Beyonce KnowlesAkademiksGino GreenGlobal by PrincePhat FarmBaby PhatL.E.IRocawearMakaveliG-UnitFUBUIn starting thiskind of business, one should always possess the keen ability to sensewhat’s hot and what’s not in the world of fashionclothing, particularly on urban clothing lines. This kind of skillcan prove to be very useful in choosing the right stock and the rightcollection of brands to sell. And one last thing, for a business totruly profit or to become successful, it should be taken as a hobbyand not only as a way to gain profit. This way, you’ll behaving fun while making a lot of profits. These lists of tips andguidelines are by not all means finished or complete. The world ofbusiness is an ever changing world which techniques and strategieschange throughout the time to accommodate the needs of every businessminded person.