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Adez hi. The first highly recommended step is to develop a business plan. There you will face key questions and aspects of your future business that you will have to consider seriously before installing the shop: location, finance, personnel, market, customers, products and services, marketing, training, etc. The business plan is a living document that later you have to update with some frequency. It will assist you also to get a loan (if necessary), measure your progress, orient your efforts to well defined goals, and so on. Here you have some extra information. Have a great time. --- https://www.bplans.com/fitness-and-beauty-business-plans/cosmetics-business-plans/ --- https://articles.bplans.com/how-to-write-a-business-plan/?_ga=2.257469131.1309645003.1623253506-1601626892.1623253506 --- https://www.bplans.com/downloads/business-plan-template/
Report Miguel 's answer
Hi Adez, I agree with Miguel, start by writing down what you want to do, how you want to do it and how you want to make profit from it. You need to understand the competitive landscape so you know what industry gaps you can take advantage of to create your niche. You also need a budget to know what your startup and running costs will look like. A business plan will help you do all this.
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Hi Adez, Miguel and Idowu are both correct. Starting a business has many facets that are unrelated to your actual business. Things like finance, marketing, taxes, real estate etc. A well written business plan will force you to think through all of these. It takes alot of work but,, you will be well prepared after it is done. Try to find sample business plans on the internet and you will start to see the value. Also a simple book like this offers troves of helpful info: https://www.amazon.com/Business-Plans-Dummies-Personal-Finance/dp/1119866375/ref=sr_1_4?keywords=business+plans+for+dummies&qid=1676902590&sprefix=business+plans%2Caps%2C164&sr=8-4&asin=1119866375&revisionId=&format=4&depth=1
Once you start the plan you can always come back here for help. Best of luck to you!