Starting a local grocery store, what am I missing?
I’m starting a bulk refillery and local grocery store. There is a high demand for it in my area, with many customers traveling 30-45 miles away to the closest other option. I have a prime location picked out and am in the lease negotiation stages.
I have a business license. I have an LLC. Still writing Articles of Organization for it though because I don’t know what I’m not thinking of. I have access to a mentor through the local university. They gave me other points to consider and tasks to do:
- check zoning (all good)
- check with fire (to do)
- check with USDA (have my app in my email to complete)
- get articles of org reviewed by lawyer (to do)
What else am I missing? I have worked in the software industry for the last 7 years. I have never owned a business. I have enough capital to personally invest to get started, but I don’t know where to look to get things in order to hire a part time staff member. I can’t run the whole thing by myself 6 days a week.
I was a business manager and have bookkeeping experience. The software I work for is an enterprise software with GAAP accounting and inventory management. I know the ins and outs of that and I’m familiar enough (ish) with company financials. I know my way around a POS. I have relationships with local farmers but don’t know how to make agreements to get their products on the shelves. How much inventory do I need to open the doors? Do I make wholesale purchases of perishables or consign it with the farmers?
Help. Things are piling up and I don’t know where to go next.