"Familiarise Yourself with the Florist Industry"
A Florist business is one that may appeal to a potential buyer as a business they can do from personal knowledge or as the development from a hobby.
Many may perceive it as a way to enter a relaxing trade in a healthy environment with beautiful smells and colours.
Of course in order to survive and thrive it is slightly harder then it may seem. Flowers need to be available all year and the public will want certain flowers at certain times of the year, even if they are not locally available.
Also if you are involved in the delivery of flowers there will be holidays such as Valentine's Day and mother's day when you will need many more times the usual amount of stock as well as delivery staff. Thus, you will need to build a strong temporary work force.
There will need to be staff in the shop that can make arrangements that go on general display and also make orders as dictated by customers. These orders could be for love, birthday or funeral occasions and must be suitable for each individually when demanded.
The thing with this business is that beyond the overhead of purchasing the flowers there is little need for much further expense, because most work can be done with basic tools. The main expense then is the presentation items to go with the flowers such as wrappings or vases.
One thing to maintain or begin if needed, is a link to a national flower ordering firm such as interflora. They will process orders and then submit them to you for delivery in your area. The only drawback is that you must have the staff and the stock to carry out the orders each time in order to maintain the links.
If you are considering Buying a Florist, it would be a great business to own but one that takes some harder work then it might at first appear.
This tutorial was written by Peter Watson, CEO of Business Trader.
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