business ownership

Retail Business Owner

Levi McCurn

What they do

make sure that retail businesses function smoothly and efficiently, and provide quality goods and services to the customers

interview, hire, train, and evaluate personnel, as well as prepare work schedules and assign workers to their specific duties

How to start up your business

bachelor's or master's degree in business administration with an emphasis on marketing. Courses in business law

management economics, accounting, finance, mathematics

statistics are advantageous.

In addition, the completion of an internship while the candidate is in school is highly recommended.

University of Iowa

4 years in business administration plus many marketing classes

Annual tuition= $5,782 + room and board, other fees, total= $11,675

Pros/Cons

Pros

Important Community member

Success of owning business the way you want

Happy/loyal customers

Keeping up on latest trends

Cons

May not take off right away

Need a large loan

Customers may not like what you have in stock

The Environment

In a Store

Positive vibes

Knowledgeable employees

Feeling of new merchandise

Earnings and rewards

Average/Starting= $43680

With Experience=$62500

Resources

Chamber of commerce web.06-May 2011

Estimated cost of attendance university of Iowa web. 06-May 2011

Moore, Bj. Personal Interview. 07 – May 2011

“Retail store manager.” Occupational Outlook Handbook, 2010-11 Bureau of

labor statistics. Web. 06-may.2011