I'm Throwing This Out There...

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Comment by Carol Ann Hinton on August 6, 2012 at 5:22pm

Linda is cautious, but RIGHT!  Do not start on a shoestring!  Have enough money to operate for 5 years without making a dime.  I'm serious!  The inventory is so very expensive.  So many start-up quilt shops fail, especially in these difficult times.  If you have the money on hand, research, research, research.  Know your competition and your prospective customers.  Owning a quilt shop is not a "hobby" to undertake lightly.  

Comment by LKC on August 6, 2012 at 4:20pm

There are some fabric stores in Fabshophop.com that only do it online. I have also heard it cost $$$$ to have a account with Visa. You might start small using Esta or eBay doing cut kits and the like. The bank told me I really have to have the money.

Comment by Joan on August 6, 2012 at 6:02am

Take a class in tax preparation this fall at HR Block.  For $150 you'll learn how to do your own taxes and file a schedule C (business) return.  That will give you a rough idea of what records you'll need to keep for your business.  Except for payroll, most everybody hires an accounting firm for that.  I so wanted to buy the LQS near us and DH said NO!! :(   Good luck!

Comment by betweens on August 5, 2012 at 3:01pm

good luck with your new adventures I hope you get some good advise to help you on your way. I myself have enough to open a store but would have a hard time not making a quilt out of everything I buy