We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

How Do I Start a Brick and Mortar Business?

Malcolm Tatum
By
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

While many people focus attention on starting an Internet-based business today, brick and mortar businesses are still a viable option, especially if there is a strong market for the goods and services offered in the local area. Depending on the type of products you plan on selling and the regulations that apply in the area, the process for starting up a brick and mortar business is fairly straightforward. By starting with a business plan, securing a location, obtaining the necessary permits and registrations and finally stocking the establishment with the goods you wish to sell, your new company can be up and running in very little time.

Before attempting to launch any type of brick and mortar business, it is essential to draft a workable business plan. Many people are somewhat intimidated by this process, but it is important to remember that plans of this type are nothing more than a working document that helps keep you on track. Various elements can be included in a business plan, but for the most part the document will state the purpose and goal of the business and include specific steps that will be used to set up the company and prepare for the opening. Most plans will also include sections that deal with how you plan on making the business profitable over time, making the plan essential not only for keeping you on track but also demonstrating to potential investors that you do know what you are doing.

Once the business plan is established, you need to think about a physical site for your brick and mortar business. Focus on locations that are easily accessible to your type of clientele and likely to attract attention. If you plan on opening a new lunch counter, a downtown location near several office buildings may be viable, since people can easily walk to your establishment. Bookstores that are located near college campuses often do well, while comic book stores may do well if located near schools. The idea is to find a location that makes it easy for customers to notice you and to patronize your business instead of going elsewhere.

Securing the proper business license and other necessary paperwork is also key to opening your brick and mortar business. Check with local municipalities to determine what type of inspections you must pass as well as the operating licenses you must obtain. Keep in mind some will require that your business be incorporated before the license can be purchased. If you plan on serving food of any type, be prepared for an inspection of the kitchen and dining areas of your brick and mortar business. Obtain a breakdown of the qualifications in advance and make sure you comply with all criteria before the actual inspection. This will make it possible to obtain approval and open with a high rating.

Just before the grand opening of your brick and mortar business, stock the operation with all the essentials necessary to the function of the company. For retailers, this means filling the shelves with goods that are likely to sell at a steady pace. In an office environment, make sure there are plenty of supplies, working computers and essential services like telephone and Internet connectivity, allowing you to begin soliciting and processing customer orders at once. The idea is to make sure from the very first day, your brick and mortar business is able to generate revenue and begin to recoup the investment made in the business venture.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Malcolm Tatum
By Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including SmartCapitalMind, and his work has also been featured in poetry collections, devotional anthologies, and newspapers. When not writing, Malcolm enjoys collecting vinyl records, following minor league baseball, and cycling.
Discussion Comments
Malcolm Tatum
Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing...
Learn more
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.