Independent cosmetics boutique

Local shoppers buying for themselves or as gifts, plus visitors if the shop is in a busy retail area.

You sell products at retail prices bought at wholesale. Gift sets, seasonal promotions and loyalty programs help bring customers back.

• Retail and customer service
• Product knowledge and honest recommendations
• Buying and inventory management
• Bookkeeping basics

• Check city or county business license, zoning and certificate of occupancy requirements before signing a lease
• Register with your state for sales tax collection
• Lease terms such as length, personal guarantees and rent increases can be a big risk, so consider having a lawyer review it
• Stock ties up cash and products can expire; plan your ordering carefully
• Offering services like makeup application or facials may need a state cosmetology license, so check your state board
• Consider general liability insurance, property insurance and workers' compensation if you hire staff

Startup costs are typically estimated at around $25,000 to $100,000, depending on your lease, fit-out and opening stock. Monthly revenue is typically around $5,000 to $25,000, depending on location and range. Stock ties up cash, so plan your ordering.

Check your city or county business license, zoning and certificate of occupancy requirements before signing a lease, and register with your state for sales tax collection. If you offer makeup application or facials, check your state board about cosmetology licensing.

Helpful skills include retail and customer service, product knowledge and honest recommendations, buying and inventory management, and bookkeeping basics. Time is typically at least around 35 hours a week, depending on your opening hours and whether you hire staff.