Ruby Red Rose Presentation2

11
Guide to Starting a Florist Business New Business Strategy Plan

Transcript of Ruby Red Rose Presentation2

Page 1: Ruby  Red  Rose  Presentation2

Guide to Starting a Florist Business

New Business Strategy Plan

Page 2: Ruby  Red  Rose  Presentation2

ResearchConsider if market is already covered

in your area.Scope out your competition.

Research and educate yourself about the floral industry (books, online,

yellow pages).What are the startup costs?

Page 3: Ruby  Red  Rose  Presentation2

ResearchWhat will your monthly expenses

be?Will you have employees?

How long will it take for the business to return your investment

capital?Talk with local florists.

Page 4: Ruby  Red  Rose  Presentation2

Determine Where Your Customers Are

Locally: In store sale.Nationally: on-line [will need to create website].Talk with local funeral homes, churches, wedding planners, reception centers, wedding photographers and wedding stores to find out where their customers make their flower purchases. Be sure to tell them you are thinking about starting a florist business. You’ll be surprised at all the do’s and don’ts.

Page 5: Ruby  Red  Rose  Presentation2

Legal and Insurance Considerations

Consult an attorney.Incorporate your business name.

Buy insurance.Register business with County

Clerk.Obtain permits and occupational

licenses.

Page 6: Ruby  Red  Rose  Presentation2

MaintenanceWho will handle the accounting/

bookkeeping?Who will maintain the website?

Who will run the business if you’re ill?

Page 7: Ruby  Red  Rose  Presentation2

What Will It Take To Outfit The Shop

Refrigeration / equipment.Counters / displays.

Register [including merchant credit card processing].

Bookkeeping software.Money? Loan?

Computer.Signage.

Page 8: Ruby  Red  Rose  Presentation2

Flower SuppliersContact floral wholesalers and

open accounts with them.Check out local nurseries.

Visit greenhouses.Farmer’s markets.

Page 9: Ruby  Red  Rose  Presentation2

Develop a Marketing Plan and Promote Your ServicesAdvertise in community magazines, newspapers, flyers, church newsletters, local telephone books.Develop a brochure listing your services.Become VISIBLE in the community:– Donate flowers, i.e. churches.– Network with local businesses/charities.– Leave business cards.

Speak to other florists.Advertise on-line with banner sharing.Understand your client’s needs. Be flexible. Be able to change with the times.Establish good relations with your customers.

Page 10: Ruby  Red  Rose  Presentation2

Other ConsiderationsWhat kind of flowers are you selling?– Quality.

Prepare price list.

Consider delivery options:– How will you

ship the flowers?

Page 11: Ruby  Red  Rose  Presentation2

TipsDevelop aggressive marketing strategies during holidays: – Valentines.– Mother’s Day.

Consider delivery options:– How will you

ship the flowers?Budget: Have a cash reserve during slow business seasons!