The 5 things you need to know before starting your own boutique!

Have you always wanted to own your own boutique? Has fashion always been your passion but you just don't know where to start? Here are the 5 things that you need to know to get started. Boutique ownership isn't simple but with these tips you will be on your way to owning your own boutique within months. Make sure you start your business the right way and with the processes that create a rhythm in your business. These 5 things you need to know before starting your boutique are key to success! So let's start with the boutique basics shall we?

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Want to know what basic supplies I recommend for your boutique and office space?! CLICK HERE!

 

How do I form my business? You'll want to first think about if you want to be a sole proprietor {a person who is the sole owner of a business, gets to keep all the profits after tax has been paid, but liable for all losses}. or if you want to incorporate {if you want your business organization to be seen as a separate legal entity under state law}. The next step would be to file for an EIN number - this protects your identity. You can apply for free HEREYou'll then want to contact your state to see what type of sales tax permit is required - or if at all. Here is a great resource regarding registering for a sales tax permit in every state - SOS here!  The next step you'll have to take is to apply for a business license. Each state, city, and county are different so be sure that you start at a state level, then county, then city. This article is a great resource to help you better understand this process. 
How do I get inventory? After you've formed your business it is time to start researching your wholesale options. You will use your state sales tax permit number to apply. There are many resources out there when it comes to wholesaling items in your boutique. You want to first be sure that the quality is there. Customers will not shop with you again if your products fall apart after first wear. So it is extra important to be sure that your research your vendors - make sure they have a great return and exchange policy, and that their customer service contact is easy to locate. You can first start local. See what vendors are in your area and see who would like to collaborate with you. Be sure that you have defined who your ideal customer is and don't be scared to poll them. The more information you have before purchasing your inventory the better. If you can't collaborate locally you'll want to find wholesale markets - a lot of cities do them. Here are a few of my favorite Markets: Westcoast Markets: Seattle, Las Vegas Middle America Markets: Dallas, Chicago East Coast Markets: Atlanta, New York                                                                                                                                                        
Budget, budget, budget! This is not everyone's favorite topic but it is definitely one of the most important. Having a clear budget when starting the business is going to keep you on track and out of the red. Plan your budgets for marketing, accounting, retail, and any other expense you'll have. You should be prepared to spend money but also protect it, as it is one of the most valuable resources you have. 
Stay organized! You'll want to be sure that you have an organized back end and office space. Not only will you be more productive but you will also keep yourself on task and on track. There are a ton of resources for you to start with and keep you organized. One of my FAVORITE planners is HERE- seriously though this planner saved my life! When it comes to social media you'll want to schedule your content ahead of time to help with time management. I suggest picking one day a week where you'll create the content {take photos} and then one day when you schedule the posts to your social media platforms. Schedule your posts easily with Cinchshare here! 
It's Tax Time - now what?! Keeping spreadsheets, using bookkeeping software etc. is KEY to a successful start-up. You need to know what your profits and loss are, and you definitely need to know what your quarterly taxes should be. Being sure that you have all of your business info ready, and that you can access it at anytime is super important. 
If you want more tips and tricks about sourcing and setting up your boutique, or you just want someone to be there through the process- I offer one on-one coaching sessions and you can book them HERE! You can also just comment below with any questions you may have! 

Why Paisley Raye and who is Kayla?

Hello everyone! It has been a while since we did a check-in and really went over why this brand and stylist are so fabulous! I mean, although Kayla is a mother, forever student, wife, leader, sister, and friend she is also passionate about helping others find freedom through fashion. Paisley Raye has done that for many women all over the country so why not you? 

Kayla Hive.png

Kayla was the little girl with a free spirit that always fought for what was right. She could be found expressing herself through fashion, wild hair color, or anything artistic that helped her to stand out from the crowd. Deeply passionate about helping others Kayla decided to create a safe and comfortable space to nudge her customers out of their comfort zones. This is how Hive Beauty Box was born. Having battled body image issues for the better part of her life she knew there needed to be this space. A space to be yourself and find yourself through fashion. With over a decade of professional makeup artistry and personal styling experience Kayla is excited to bring these skills to you and your friends. She offers in person or online sessions so that you don't have to leave the comfort of your own home. We all know how scary it is sometimes going out of your comfort zone and trying a new style or just shopping in general. In studio sessions are also available. You can bring your friends and update your wardrobes together! How fun is that? 

Be sure to comment below with any questions you may have for Kayla and if you want to book a session click HERE - Happy styling!


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New Year, New Goals!

So this is the New Year and we don't feel much different, right? The New Year is always a time to reflect back on the previous year and really analyze what went right and what you wish would have. It is also a time for goal setting and digging deep in to what you want from this new and fresh page in your 365 day book. It is almost like you get to start over. However being sure that these goals and plans are attainable is just what you need to set yourself up for success. We have created a efficient way to help you highlight your strengths and give yourself expectations that are attainable and not too difficult so that you will not feel discouraged. So now that the party is over it is time to get down to business and map out your success for 2018! 

  What are your goals specifically?  Do you have them written down? that is where you need to start! What do you want to accomplish and why is this important to you? Be sure that each goal is written out for you to be able to revisit and reanalyze easily. So yes, that means go write them down and keep scrolling.   How will you measure your goals?  Will there be a way you can see yourself making progress? What will that look like. How do you know if you're winning and smashing those goals?   Are these goals something that are realistic and attainable?&nbsp; Is the amount of time you have to work on them realist to what you want to accomplish? For example, if you only have 5 hours a week to work on your business will a full time income be attainable for this allocation of time? Most likely it won't- however that doesn't mean to give up on that goal completely it may just mean that you have to break this goal up in a longer time frame. So instead of saying this will happen this month- give yourself 6 months to work towards that goal. Once you figure out how to break those lofty goals in to pieces the more realistic the outcome will be and the more likely you will reach them.   Are these goals relevant?  Are these goals worth it based on your priorities? Do these goals match where you see yourself? Each goal should be unique and important having clear relevancy to why this is a goal and how it fits in to your plan is crucial to how the goal will be attained.&nbsp;   What is the timeline you are giving yourself to accomplish and reach these goals?&nbsp; You have to give yourself a deadline! Without a deadline you will not be held accountable. A great tip to be sure you're meeting your timeline is to break your timeline up in to small pieces. If you want to accomplish a goal by May- check in monthly to see where you are at. You can also pair yourself up with an accountability partner that can help check-in with you and be sure that you are moving forward and on track for success.  Finally, don't be afraid to reward yourself. Having small incentives throughout your goal timeline is huge for success. If you are trying to reach a certain position at work but you have two promotions to get there- reward yourself with something each time you hit a promotion. Want to lose 20 pounds this year? Reward yourself at every 5 pounds lost. Having these small celebrations will not only keep you on track, but will increase the likelihood that you will reach that end goal.&nbsp;  Now go smash those goals! We believe in you!&nbsp;     

What are your goals specifically? Do you have them written down? that is where you need to start! What do you want to accomplish and why is this important to you? Be sure that each goal is written out for you to be able to revisit and reanalyze easily. So yes, that means go write them down and keep scrolling.

How will you measure your goals? Will there be a way you can see yourself making progress? What will that look like. How do you know if you're winning and smashing those goals?

Are these goals something that are realistic and attainable? Is the amount of time you have to work on them realist to what you want to accomplish? For example, if you only have 5 hours a week to work on your business will a full time income be attainable for this allocation of time? Most likely it won't- however that doesn't mean to give up on that goal completely it may just mean that you have to break this goal up in a longer time frame. So instead of saying this will happen this month- give yourself 6 months to work towards that goal. Once you figure out how to break those lofty goals in to pieces the more realistic the outcome will be and the more likely you will reach them.

Are these goals relevant? Are these goals worth it based on your priorities? Do these goals match where you see yourself? Each goal should be unique and important having clear relevancy to why this is a goal and how it fits in to your plan is crucial to how the goal will be attained. 

What is the timeline you are giving yourself to accomplish and reach these goals? You have to give yourself a deadline! Without a deadline you will not be held accountable. A great tip to be sure you're meeting your timeline is to break your timeline up in to small pieces. If you want to accomplish a goal by May- check in monthly to see where you are at. You can also pair yourself up with an accountability partner that can help check-in with you and be sure that you are moving forward and on track for success.

Finally, don't be afraid to reward yourself. Having small incentives throughout your goal timeline is huge for success. If you are trying to reach a certain position at work but you have two promotions to get there- reward yourself with something each time you hit a promotion. Want to lose 20 pounds this year? Reward yourself at every 5 pounds lost. Having these small celebrations will not only keep you on track, but will increase the likelihood that you will reach that end goal. 

Now go smash those goals! We believe in you!