1. Research the Market – Understand the demand for vintage maps, learn about potential suppliers, and research competitors in your area.
2. Choose a Business Name – Make sure to select a name that resonates with your customers and accurately depicts what type of vintage maps you offer.
3. Select a Legal Entity – Decide if you want to operate as a sole proprietor, partnership or corporation.
4. Obtain Licenses and Permits – Depending on your state’s requirements, you may need to get various licenses and permits such as a business license, resale permit and/or certificate of authority.
5. Create a Business Plan – Map out how you will finance, market and operate your vintage maps business.
6. Secure Financing – Consider options such as borrowing from family and friends or applying for small business loans.
7. Open a Business Bank Account – Having a separate bank account for your business will help you stay organized and protect your personal finances from business liabilities.
8. Purchase Supplies – Invest in supplies such as frames, shipping materials, and protective covering for your maps.
9. Locate a Place to Store and Sell – Determine if you want to open a physical store or an online shop where customers can purchase vintage maps.
10. Create a Marketing Plan – Think of ways to spread the word about your vintage maps business, such as hosting special events and offering discounts for new customers.
11. Purchase Liability Insurance – Liability insurance will protect you from expensive legal fees if an accident or injury were to occur in your store.
12. Get Started – Once you have completed all the steps, it’s time to start your vintage maps business. Good luck!