Small Business and Entrepreneurship
Business Plans

How do you start your own gift basket business?

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Wiki User
2010-05-28 09:04:47

Start with doing some market research regarding the potential

customers and their needs. occasions celebrated would be important

adn factors such as proximity of locations such as colleges and

hospitals would play a part. judge how much capital you have and

come up with a business plan covering strategy, target market, and

area willing to be traversed. forecast future cash flows and

expenses based on current observations of internal expenses and the

external market. All the information above is necessary to get you

on your way with your gift basket business, now you will need

supplies for your gift basket business, things like the basked and

the accessories to make the gift basket. You will need to link

directly with suppliers so you can realized maximum profit,

I would also recommend that you have a online store for those

people who would like to purchase online and have the gift basket

be delivered.

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