September 08, 2025

004. 10 Things to Do When Starting a Retail Boutique Business

12 minutes

It’s always fun to focus on the “fun” parts of starting a business - creating the logo & branding, buying the fresh, new inventory….but there are some “not so fun” steps to make sure you do when starting a retail boutique business. From insurance to financial planning, this episode covers the 10 things you need to do when starting your boutique business.

Ready to take your learning a step further?

Register for my Free Masterclass, Make Your Money Make Sense! Where you’ll learn how to understand where your money is going, avoid costly bookkeeping mistakes, and set up an easy to follow bookkeeping system.

Other Ways to Work With Me:

If you’re ready to just hand the numbers off to someone so you can stay in your own zone of genius, apply for one of our open client spots so we can take it off your hands. Don’t worry, we’ll send you your financial reports each month so you can feel confident in your numbers without doing the work yourself. Apply now by booking a coffee chat consultation at www.findingfreedomfinancial.com/contact

Need some guidance on how to do you own bookkeeping in Quickbook Online? Then check out Bookkeeping Made Simple for Boutiques, our signature course that walks you through the exact setup & process you need to implement for accurate and EASY bookkeeping all year long - no more tax time scramble! Enroll at www.findingfreedomfinancial.com/bookkeeping-basics-course

Are you a Shopify seller who’s not quite ready to invest in a bookkeeping software like Quickbooks? Don’t worry - I got you! I’ve created a custom Shopify Seller Income & Expense Tracker that you can use to easily enter each transaction coming in and out of your business, along with your sales data coming directly from Shopify to put together a standard P&L (Income Statement) that you can hand over to your tax preparer. Download your copy at www.findingfreedomfinancial.com/income-expense-spreadsheet

Prefer to learn while you read? Check out the blog post for this episode:

https://www.findingfreedomfinancial.com/start-a-boutique

Related Episodes & Resources Mentioned:

Tax Benefits of an S Corp Structure for Your Retail Business: https://www.findingfreedomfinancial.com/19

Apply for your EIN on the IRS website for FREE here: https://www.irs.gov/businesses/small-businesses-self-employed/get-an-employer-identification-number

Sales Tax Questions I Hear ALL the Time - Answered for you! https://www.findingfreedomfinancial.com/33

Free masterclass to help you “Make Your Money Make Sense”: https://www.findingfreedomfinancial.com/masterclass

Understanding the Profit First System for Retail Businesses: https://www.findingfreedomfinancial.com/29

Get the book “Profit First” on Amazon here: https://a.co/d/aF9BkuM

Get the book How to “Grow Your Small Business” on Amazon here: https://a.co/d/dw2kzUe

Interested in Getting Additional Help With Your Bookkeeping? See the ways we can help you here:

https://findingfreedomfinancial.com/work-with-me

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By Megan Schmitke | Bookkeeper & Bookkeeping Coach for Boutique Retailers