How to Start a Tobacco Pipe Business
- 1). Develop a business plan. A business plan will give you an idea of what is needed to start your business and where you will get the money. Consider your monthly operating cost and create monthly sales projections to show a profit.
- 2). Choose a location. You can have a home-based business or lease a commercial space. If you chose to lease a commercial space, the location should be in an area that retains high walking traffic. This will help attract more business to your shop. Contact the local municipal government within the county you choose to open your tobacco pipe business. The local government within that county will have resources and assistance to help guide you through the procedures.
- 3). Determine the legal structure of your business and choose a name. Choose a business name and register your name with the IRS. The IRS will also provide you with a tax ID number. Visit the IRS.gov website to complete this step. Decide what form of ownership you prefer. The different types of ownerships are: Sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative. Register your legal structure with the city's Department of State. Check the current fee schedule for cost to register.
- 4). Obtain business licenses and permits. The local municipal government will provide you with a list of federal, state and local licenses and permits required to open and operate your tobacco pipe business. Your facility must be in compliance with local zoning laws. Register for state taxes to obtain workers compensation, unemployment and disability insurance.
- 5). Choose your suppliers. Contact a list of tobacco pipe wholesale providers. Research and negotiate prices. Stock your store with a variety of merchandise to provide a wide selection of pipes for customers to choose from. Decide if you want to sell tobacco with your tobacco pipe business. Selling tobacco will require special licenses. Contact the local health department to determine the proper procedures for tobacco retail.
- 6). Hire your staff. Decide if you will operate solo or require a team of people to run your business
- 7). Select a grand opening date and promote your tobacco business. Hire a marketing team to develop a consumer friendly website and provide your business with flyers and promotional materials. Hire a street team to get your materials in the hands of potential customers. Use social media to brand your business and generate more attention. Create discounts and incentives for new customers.
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