First, you must decide what religion to cater. You can opt to cater to more than one religion too. If you want to make this start-up easier to earn profits, then you must carry out a research on what religions are strong in your community. You should consider what faiths you will cater too so that you can earn better profits for your business.
You need a business savvy person to become your partner. This person can be an accountant or a business manager. The partner is the one who will help out in the business, especially in terms of keeping your books and planning the financing. You can do these tasks on your own if you just take a beginning course for financial management.
The name of the business should be decided as well. When it comes to the business name, you must pick the one that is catchy and appealing. It should appeal the most to the demographics you are targeting. If you are also interested in the establishment of your online presence, then you have to register your domain name.
The location of a business must be good. That is why you have to be meticulous in picking a space you will be leasing. If you do not possess a big enough capital to pay for a large space, then you should not force yourself. You can start a small business. You can then expand this business to a bigger one later.
There are furniture that must be acquired for the proper operations of this business. In your start up venture, you need to obtain tables and chairs, lighting, couches, shelving, and other relevant furniture for your venture. You better get them in furniture shops. You can also look for the sales event of those businesses that are going away.
In getting your inventory, you need to look for distributors you will be contacting for it. To make a deal with them, you start with establishing trade accounts. Of course, if you have the option of ordering from a publisher directly, then you should opt for that. It is cheaper for you to buy directly from a publisher, after all.
You should then purchase the inventory you will be displaying in your store shelves. You will be looking for religious books, music, supplies, and other similar inventory. You must be really conservative in the purchase to avoid tying up the money in stock. You must save your capital and then reorder when you determine what sells.
You will then have to market yourself to religious communities, especially to the ones you serve. You can give announcements to the yoga studios, local churches, senior citizen homes, nursing homes, community centers, and other similar places. You can also host book clubs and social events to raise the community interest.