how to calculate profit margin
how to calculate profit margin
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How to find small business grants for a exotic pet shop?
OK so I got my DBA (doing business as) have my state tax ID and Federal EIN (employer Identification number) I have breeders as well as online wholesale supplies for all my accessories, waiting for me to place an order, Business cards are on their way from VistaPrint.com, But I’m lacking the funds to get it completely off the ground, is there a way to get funded, like new business grants to help with the start up costs, so I don’t have to use my bill money
Named it Larry’s Exotic Pets will be selling snakes, geckos, iguanas, bearded dragons, etc. also would it be reasonable to under cut my competition by 10 buck on all sales and still see profit already calculated some of my profit margins on select items. especially if I sell similar items and reptiles? any help or insight would be great full
Talk to the Small Business Administration in your area. They will help you get started and point you in the right direction for small business loans.
To be honest, unless you are in a major city, an exotic pet store is not going to have enough of a customer base. Consider adding cat and dog supplies and more traditional pets. Make a name for yourself with the exotics; but don’t turn away customers just because they own poodles.
Chances are it will be easier to sell the exotics to people who are current pet owners. So, having the regular pet supplies will get customers in the door. It will give you a chance wow them with the lizards.