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Thread: How to register the shop name

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    Thumbs up How to register the shop name

    i am having retail shop in my city .and currently having 6 employees . how to register my shop name. so that no one copy my shop name. And , I also want to open the chain of my shop any idea where to find the investors.and is it a good idea????

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    Post Impressionist Array vangogh's Avatar
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    You probably need to contact government sources in your area for how to register your business name. I doubt any of us here will know the regulations for registering a business in India, though perhaps some might. As far as getting investors, my guess is your first shop should probably show some profit first. Why not focus on the first store before expanding into a chain?
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    my first store is already making a good profit .

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    Post Impressionist Array vangogh's Avatar
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    Oh good to hear. In that case ignore my comment about needing to get that store up and profitable before seeking investment.

    I did a quick search for registering a business in India and found this article Naming and Registering a Business. The article led me to the Ministry of Corporate Affairs. Hopefully one of those links helps or leads to somewhere that will help.

    I'm guessing your best bet with investors will be in India since you're running a shop there. It's up to you whether or not that's the right thing to do. You could open additional stores one at a time as the profit from the first store is enough to justify it.
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    thanks for your kind reply

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    Post Impressionist Array vangogh's Avatar
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    You're welcome. I hope the links helped.
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    ONE MORE think i want to ask. My customers bargains(always insist on giving 20 - 30 rs less than asked by me) with me all the time and now its a fashion in my shop that every repeat customer starts bargaining....and i have to follow it is it better to change the bargaining to a fixed price or to continue with the same as this bargaining trend in my shop since my grandfather time ..................(apologise for posting here..do because to maintain continuity with my topic )

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    Post Impressionist Array vangogh's Avatar
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    Some people just like to bargain. It makes them feel like they saved money and won something. What % of the full price is 20-30 rs? Is it a lot? Just a few %? You could always raise prices a little bit. Maybe not the entire 20-30 rs so your customers who aren't bargaining aren't having to pay that much extra. Then when the bargain hunters do bargain they're paying close to what you really want to charge in the first place. The bargainers will pay a little less and the non-bargainers will pay a little more.

    You'd have to find the price that doesn't make your non-bargaining customers pay too much and doesn't cost you too much with the bargainers. Maybe try raising prices 5 rs and see what happens. If everyone is still happy you could raise it another 5 rs. Just be careful the price increases don't upset your non-bargaining customers.
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    yeah....exactly we are doing the same sir. As we have most of the time repeated customer in my shop so they usually bargains but anyhow its managable .but the problem is how to keep ourself updated about the stock left as we dont have the barcode system . ( regarding me ... sir i am btech student just finished my exam of engineering and i got a job . but after one month i realized its better to enhance my father"s business rather to indulge in job as the shop is already running in a decent manner and moreover its been started 50 years back by my grandfather so its quite famous in our city but dont have that profits which it might to be ....maybe as because we have a showroom in a first floor. So, now i starts going to my shop and starting doing the business.. i dont know i m wrong or right people giving me advice first do the job i got ......i dont know i choose the right path or not......but i have a vision in my mind...which i il achieve ...for that i need help from your website.......now getting replies to my every queries....i m overwhelmed ...do tell me and advice me.always .....
    thanks

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    If you don't have a barcode system you'll have to do things more manually. Years ago I worked for a store and we did take manually inventory of stock. It wasn't always perfect, but it worked well enough.

    Basically you look through your stock and you manually count what's there. You probably need to do this after the store is closed for the day and get all your employees involved. You just write down every product you carry along with a count of how many you have. In between this complete counting you run spot checks throughout the year. When someone has a few minutes they collect a count of a few products, usually a random list of products.

    You need a place to record everything. A database program like Access can work or you can build some of of website that connects to a database. You probably want to have the database set up before your first count and update all the numbers after the count. Then anytime something is the database gets updated. It might be too much to ask the people behind the register to do. Instead have one or more people be responsible for updating the database. You give them a copy of the previous day's receipts and they update the counts in the database.

    The database probably won't be perfect and some products will have their counts off, but if you keep spot checking and periodically (once a year maybe) doing a full manual count you can keep the database fairly accurate in terms of how much stock you have on hand.
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