How Much It Cost To Start A Boutique In Uganda

A boutique majorly deals with clothes and fashion. Staring a boutique business is a beautiful idea that can turn your life around and be financially stable. When starting a boutique business, one has to know which niche they will be dealing with.

How Much It Cost To Start A Boutique In Uganda

Starting a successful boutique will require a fairly large amount of money. This is because of the stock, marketing, wages, rented space, and acquiring the necessary permits. In approximation, one may need about 175 million Ugandan shillings.

How to start a boutique from scratch in Uganda

If you feel a passion for fashion and design, starting a boutique may be the best option because it will meet both your skill. Boutiques can be divided into many steps but the most common types are two. These are;

Boutiques that sell the fashion they make themselves
Boutiques that sell other people’s designs and fashions

For type one, you as a boutiques owner you make your own designs and you sell them directly in your boutique, while in type 2, you buy designs of clothes or shoes and you sell them in your boutique.

The best type of boutique to start depends solely on the person starting a boutique, there are people who mix both their designs with other peoples designs. This also works fine. Boutiques on the other hand are one of the topmost profitable businesses with a success rate of 60%. This means the chances of succeeding in operating a boutique are higher than the chances of failing.

Boutiques follow steps to become fully established.

These steps include;

Step One: Find a Suitable Place

Boutiques thrive best in places that have a large magnitude of people. One of the steps to follow is looking for a place that has many people. The best places may be Market places, Busy Streets, and any other busy place.

In addition to the place having many people, the people have to be willing to buy from you. With boutiques, this factor does not apply much because at least any person will buy a new cloth in a year or two. So chances are high that if you are in a strategic location, people will automatically come.

Don’t forget to check for the security of the place. The last thing you want is to wake up early in the morning and find all your clothes, shoes, bags and many other goods taken by thieves. You need a secure place, and if necessary, you may even employ a watchman over your business.

Step Two: Make a business plan

This is an important step in your business. A business plan will help you all in explaining your business using statements. A typical business plan will have the following;

Executive Summary
Products
Management
Objectives
Mission
Key to success
Company summary
Company ownership
Start-up summary
Market analysis summary
Market segmentation
Commercial sales
Target market segment strategy
Industry analysis
Competition
Buying patterns

With a well-written business plan, you can easily get; a bank loan, funding from private investors, a loan from the government and it also helps show how serious you are as a business owner.

Step Three: Register Your Business

Business registration is an important document to be present in any boutique. Business registration helps show the legal existence of your boutique. So, basically, the need for a registration is to attain recognition in the industry. Business registration also serves in making the taxation processes easier.

In addition to registering your boutique, you need to get a license to allow you to sell your designs without the interference of the government. After registering your business, you can then go to your local government offices and acquire a trading license that will authorize you to run your boutique.

Step Four: Set Up The Outlook

Outlook is something that shows the public how good your boutique is from the outside. Generally, people tend to purchase in boutiques where the boutique interior design and arrangement are appealing. The infrastructure of the shop plays a very big role in attracting customers.

Thus, plan it efficiently. In a boutique, display your products in a way that customers will easily see what you are selling. If possible leave enough space for customers to move around in your boutique as they explore what you have. The tidiness of your boutique must be paramount.

Plan efficiently for space you have in your boutique and utilize it all well.

Step five: Hire Employees

Step five is hiring employees. Depending on how big your boutique is and how many employees it demands, you can start hiring employees. Employes can be people that clean the floor of the boutique, dust off the clothes, help customers find what they are looking for in the boutique and much more.

If your business is still manageable by you alone and you fill, this step may not be necessary now, then you can keep working solely in your boutique. This can save you the money that you might have been used to pay employees.

So this step of hiring employees is solely on how big your boutique is going to be and how many customers you get in your boutique. If you feel your business has grown enough and it is hard to run alone, then you may need to hire employees.

Step 6: Advertise

Advertising takes your business too far to reach places. Depending on what you use as a means of advertising, advertising your boutique will automatically increase sales in your boutique. You will also build a brand for your brand.

There are many ways of advertising but the ones that I recommend are the following;

Advertise By TV
Advertise By Radio
Advertise By Newspaper
Advertise Using Social media especially Facebook

Depending on your budget, you can choose any advertising method that works best for you and your business.

Step 7: Insurance

Last but not least on how to start a boutique from scratch in Uganda is insuring your business. As you are starting your boutique, you need to think about risks that may befall your business. Common risks that most businesses face in Uganda are theft and fire outbreaks.

Depending on your budget and your need you can put your business at any of the insurance companies here in Uganda. Insurances are now being offered at affordable prices and anyone can readily get insurance for his business.