Tuesday, May 13, 2008

Running a florist business

Running a florist business is extremely difficult because most work independent florists are open six days a week, although some may close early on Wednesday. If you buy your flowers on the markets then you need to wake up early to really think you can buy your stock and your store ready for business at 8:30 am.

Supermarkets have eaten into profit margins by offering cut price packages for as little as a few dollars. It is still money to be done, but if you live in a well to do and target the upper end of the market.

People in the UK giving love flowers as a gift for special occasions as the Day of Valentine's Day, Mother's Day, weddings and the birth of a new child. The flowers are the ideal gift to express your feelings for a loved one.

The biggest mistake an entrepreneur can do is to open a florist without prior experience. You can attend classes in flower arranging in many colleges and there are flower arranging clubs in most cities. In my opinion, this is still not enough to launch a successful florist.

For people who like the idea of running a florist, I councils to work in a florist shop for at least six months before opening their own shop. The experience, creativity and attention to detail are all required to design a beautiful bouquet. With experience, florist can accelerate your learning curve and teach you the ropes.

So what is opening a florist business actually cost? It is possible to open a florist at least $ 25000 but the price may vary considerably depending on location. A high street, it should be a minimum of $ 50000 if you have a good credit rating and can persuade banks to lend on a one to one.

The above figures assume that you are leasing property and not buy it! If you plan to offer a delivery service to add that the purchase cost, maintenance and a delivery van. It is often cheaper long-term use of taxis to deliver your packages.

The turnover is very erratic in a florist business with most of your sales happen on special occasions, although funerals, birthdays and corporate events help to stabilize a little sales. Having a personal loan for special occasions can make or break your company. In the long term, these peak demand causes a lot of stress.

Having studied the market florist, I would advice against opening a florist outlet. The hours are long, the work is difficult, the market is cut throat and in winter it can be particularly difficult work being done on markets to 5:00.

The supermarkets are eating into margins at the lower end of the price range while online services are floristry providing exceptional value and service at the end of luxury.

It might be good to "Say it with Flowers", but the industry is too competitive for my taste

Article Source: http://EzineArticles.com/?expert=Nazir_Daud

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