Furniture Business Plan

Furniture Business Plan-7
Check the competition in your area by visiting the website of your local Chamber of Commerce, which will list all the businesses registered with the Chamber.

For instance, it is very possible to open such a business for $2,000 or less.

This assumes that you are starting from home, so $500 goes towards hiring someone to create a professional website.

As the owner of a furniture refinishing business, you can earn a home-based income fixing items either brought to your location or on-site (if space and equipment allows).

Or, you can find furniture in need of TLC, refinish it, and then sell it.

Any previous experience refurbishing furniture yourself can be a big help.

Similarly, work experience in something like a furniture store can give you valuable insight into how furniture is sold and how custom psychology works.Some items might require reupholstering—the replacement and recovering of fabric-covered items.Some pieces of furniture might need all three tasks to bring them back to life, while others need just one or two.Afterward, you will spend time refurbishing and re-styling the furniture you have acquired.When you are not doing these primary activities, you may be communicating with current clients and prospective clients, updating your website and/or social media presence, and actually selling the furniture you have upcycled.If you plan to refurbish furniture in your home, check with the zoning laws in your area, and obtain a waiver or variance if necessary.Because working with furniture may involve extra noise or fumes, it's possible you won't be able to run your business from a residential neighborhood.The business also scales nicely, letting you grow from a solo operation to a team, if necessary.This business is great for veterans of yard sales and thrift shops—basically, anyone with a good eye for finding surprising items at low prices. Furniture repair needs a knowledge of carpentry to fix broken items, such as loosening stuck drawers or re-setting legs.Refinishing involves stripping away paint or old finish, sanding, and applying a coat of paint or stain.

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