19 - Page 1 of 23 GIFT SHOPS BUSINESS AND INDUSTRY PROFILE...

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GIFT SHOPS BUSINESS AND INDUSTRY PROFILE Published by the ILLINOIS DEPARTMENT OF COMMERCE AND COMMUNITY AFFAIRS 620 East Adams Street Springfield, Illinois 62701 217-785-6193 In Cooperation With U.S. DEPARTMENT OF COMMERCE Economic Development Administration SOUTHERN ILLINOIS UNIVERSITY AT CARBONDALE College of Business and Administration This publication was authored by Lynn Andersen Lindberg, Business Research Management Services Institute and Donald Vaughn, Professor of Finance, both of Southern Illinois University. The publication was edited by John Moulton, Office of Urban Assistance, Department of Commerce and Community Affairs. The statements, findings, conclusions, and recommendations are those of the author(s) and do not necessarily reflect the views of the department or the Economic Development Administration. GIFT SHOPS TABLE OF CONTENTS CHAPTER ONE - GENERAL INDUSTRY INFORMATION Business Type, Industry Characteristics and Prospects. .... 1 Market Opportunities in Various Sized Communities. ........ Franchising. .............................................. CHAPTER TWO - COSTS/FINANCIAL CONSIDERATIONS Costs and Types of Assets Needed to Start the Business. ... Typical Business Ratios for Other Firms in the Industry. .. CHAPTER THREE - MANAGEMENT CONSIDERATIONS Development and Site Location. ............................ Experience and Training Needs. ............................ Keys to Successful Management. ............................ Page 1 of 23 6/18/04 http://www.sbaer.uca.edu/Publications/pub00073.txt
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CHAPTER FOUR - GENERAL START-UP ISSUES Financing Methods. ........................................ Form of Organization. ..................................... Licensing/ Registration. .................................. Taxes. .................................................... Business Services. ........................................ CHAPTER FIVE - INFORMATION SOURCES Small Business Hotline. ................................... Business Development Center Network. ...................... Small Business Resource Center. ........................... Trade Association. ........................................ Directories and Reference Books. .......................... Periodicals. .............................................. Financial Ratios. ......................................... Government Publications. .................................. Government Assistance. .................................... -----------------------------------------------------------------NOTE: contained in this booklet is comprehensive and accurate. However, this guide should only be considered a reference. Proper legal counsel and other professional guidance should be obtained prior to starting a business. GIFT SHOPS
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This note was uploaded on 11/01/2011 for the course ACC 200 taught by Professor Minliu during the Spring '11 term at Universidad Europea de Madrid.

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19 - Page 1 of 23 GIFT SHOPS BUSINESS AND INDUSTRY PROFILE...

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