Not everyone loves pets but we can say majority of us adores pets so much we are willing to spend money for them. Personally, I am very fond of animals. My adoration of animals inspired me to start up a pet shop business. I want to make a place solely for the happiness of our pets.
This sentiment is fortunately shared by my friends. With hopes of establishing a pet shop business, we will form partnership. Partnership is the business organization best suited for our plans. We only plan to start up a simple business. Gathering all our contributions, we can earn enough amount for our capital. As partners with bonded with trust and confidence, managing the business will be much smoother.
Partnerships are easier to form and compared to corporations, partnerships are less expensive. Furthermore, partnerships still have great financial capability from contributions by fellow partners they invested with consent. Not only properties and money are contributed in partnerships but also skills, services and expertise which will be used to gain profit. We, as partners, can oversee all decision making and work together with trust and confidence. We can also choose whom I will be associated with because a party can only be a partner through consent.
Before starting up the business, we, partners, must be equipped with enough knowledge of what we will be getting into. We need to have deeper understanding of what a partnership contract is, mainly the laws that we need to follow. Through this, we will ensure we would start a lawful business. Establishing a business is not a walk in the park. We should not forget to create first a business plan that will serve as our guideline for our future operations. Therefore, getting into the actual operations must only be done after researching the market, forecasting a budget for operations, planning inventory system, facilities and management and choosing marketing strategies – all written in our business plan.
We need to make sure that our business is feasible. Most importantly, we need to pass all legal requirements to the State to validate our business as a partnership and as a pet shop business. To start up the business, we will secure a location wherein our building will be erected. We shall then find and contract with the most suitable supplier that we will be transacting for a long time to earn mutual trust and for easier transactions in the future.
Our business will operate under the name “neFURland Pet Supplies and Services shop Co.” which will give the impression of the shop being the land of dreams for pets. This business will center on selling pet supplies, namely pet accessories, treats, toys, clothes and other pet goods. On the side, we will also provide grooming services for our customers’ pets at selected days a week.
The partnership shall hire sales clerk and cashier of the shop, as well as, animal groomers and even contract with a veterinarian to do regular inspection of the shop operations. The managing partner will oversee all activities needed to carry out the business such as transacting with suppliers, checking inventories by forecasting order points and accounting of finances. To advertise the business, we will promote on our own social media pages, posting daily of our products. We would also like to donate our profits into helping stray animals and charities with such purpose
Our partnership business intends create a place dedicated to our loving pets. As pet lover, we shall provide for goods and services that caters the needs of “fur mommies” and “fur daddies”. As a partnership, we will aim to create a lawful business.
