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Retail Store Ownership

Have you ever wondered why retail stores charge so much for their merchandise? Have you ever wondered what it would be like to set the prices on clothing, be the boss of your own employees, work at your own hours, and be successful? Well, all that describes a retail store owner.

What is a retail store owner? A retail store owner is someone who owns, and usually operates a clothing store. A retail store owner can also be called an entrepreneur. A retail store owner has many responsibilities, including setting the prices on clothing, ordering merchandise, overseeing employees, taking care of finances, and making sure the store is operating at a success.

When a retail store owner decides to open a store, he or she has to obtain a start up loan, in order to get the store going. Most banks, when obtaining a loan, will require that the borrower have at least a high school diploma, and some type of experience in the retail field. If the loan they are trying to obtain is above a certain amount, a bank may also require that he or she have an associate’s degree in business or the retail field.

In order for the store to be operated successfully, the owner needs to know when he or she needs to order more merchandise, what type


As you can see, there is a lot that entails being a retail store owner. Between gaining the experience, opening a store, and operating a store. This field of work is ever so expanding, and creating more jobs, making it competitive, yet enjoyable.

of merchandise to order that is in season, or in style, and when any other adjustments need to be made. In order for this to happen, it is advised from experts that he or she work in the retail field for at least two years.

The hours they work depends whether they are a part-time employee or full-time employee. A part-time employee, in the retail field, will usually work no more then 4 hours a day for up to five days a week. A full-time employee will usually work eight hours a day for five days a week. As with many careers, in the retail field during busy holidays, such as Christmas, Thanksgiving, Labor Day, etc. an employee, whether part-time or full-time, will work up to 60 even 70 hours a week, Monday thru Sunday, being paid overtime.

The earnings for a salesperson in the retail industry can vary greatly. In some stores, a salesperson only makes a percentage of what he or she sales, or also called, commissioned sales. While in other stores th

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Approximate Word count = 816
Approximate Pages = 3 (250 words per page double spaced)


  

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