BOUTIQUE OWNER

By Lindsay Lewis

WHAT IS A BOUTIQUE Any small shop that

sells a variety of items

Small shop or an informal business

Doesn’t take too much by way of investment or experience

Anyone can easily start and run a boutique.

OVERVIEW Classified in Small Business Venture In Fashion Dream to many people Allows individuals to apply managerial

skills in operating small business Lucrative Brings in good income

OVERVIEW CONT. Need to be up to date w/ ever changing

fashion/people’s taste Main challenge is mission and vision

statements Application of good leadership In-depth knowledge on the running of the

boutique Requires employees to perform boutique work

according to past knowledge and working experiences

Workers/employees who have knowledge on the tactics play a very big role in operations of a boutique as a career. 

APPLICATION OF GOOD LEADERSHIP Application of good leadership

Factors support the fact that most of the accomplished boutique owners are people who are successful in the field of managing small businesses.

Achieved through application of personal traits

DeterminationSelf-driven motive self-driven motiveentrepreneurial skills basic planningmanagementorganizational skills

WHAT DOES IT MEAN TO BE AN OWNER? Plan meticulously Work out your strategy Select the proper location Items/Prices Clientele Promotion strategy Put in best efforts to make it a success

EDUCATION- SCHOOLING Many boutique owners have

business degrees in small business management

Business does not require educational background(stylecareer.com)

Bachelor’s or Master’s in Business or Marketing is safe

It is required for a loan Accounting- even if you have

your own “Basic business accounting

knowledge is important. Even if you hire an accountant, you need to be able to check your books and know if they are right (bellaonline.com). 

WHY IS EDUCATION SO IMPORTANT? One is required to have a Bachelor Degree

in Business Administration, Fashion Retailing or Marketing as well as management when operating a boutique, when in need of a loan. 

Many lenders/financial institutions will take applicant more serious if they have a degree

Masters in Business Administration is an added advantage since it attracts investors in form of partners as they may have a greater trust in your management capability. 

EDUCATION- KNOWLEDGE Person who is open minded in

matters pertaining to ideas regarding different boutique issues

Requires a well-motivated individual who can use the combination of business skills and in depth the knowledge of the fashion retail industry to make profit

Exact knowledge that is needed to ensure that a boutique is well managed

Leadership skills and management skills for a nice and effective boutique to be effective 

Planning should also be effective

SKILLS/EXPERIENCE NEEDED Requires you to look for employees with knowledge as well as the

skills of a boutique Required to have a substantial amount of start-up capital The failure or success depends on the management style of the

owner Managerial knowledge and the leadership of the employees is

also another factor that determines the performance of the boutique.

Extensive experience in fashion retail industry in a variety of positions from different levels of retail sales associated with experience as a retail store manager

“You will need to know how to price your product and how to display your product. You will need to know how and when to purchase what items, and how to do inventory (bellaonline.com). 

In connection with retail market place including trends and forecasts, flexible multitasking capabilities, excellent time management and communication skills in depth are important (Style career).

SALARY Salary range is $33,000-

$150,000 per year. The range is however not fixed as it can fluctuate depending on the level of profitability. “Salaries can vary greatly depending on the company, location, industry, experience, and benefits” (simplyhired.com). However, being in the fashion industry, the knowledge of current trends in the market will promise one an upper limit income. 

SUMMARY As we see,

becoming a boutique owner can be a very rewarding job. With the right person, and the right staff, a boutique can be life changing, and very successful, as well as a very fun and exciting career!

CITATIONS "How to Become a Boutique Owner, Start a

Boutique, Start a Fashion Business." StyleCareer.com, How to Work in Fashion, How to Break Into Fashion and Image Careers. Web. 14 July 2010. <http://www.stylecareer.com/boutique.shtml>.

 "Start Your Own Boutique Business - Small Office/Home Office." BellaOnline -- The Voice of Women. Web. 14 July 2010. <http://www.bellaonline.com/articles/art8199.asp>.

http://openboutiqueguide.com/become-a-boutique-owner.html