Originally Answered: WHAT IS ALL REQUIRED (NEEDED) TO START A LADIES BOUTIQUE? HOW CAN I START A BUSINESS WITH NO MONEY & BAD CREDI?
If you have no money and bad credit, you are going to need to find a partner with lots of money and good credit. Aside from a business license, you are going to have to sign a lease on a shop and most commercial leases are 5-10 years. You won't get a commercial lease with bad credit so you'll need someone with good credit to sign the lease for you. Your first 3-6 months need to be paid upfront. In addition to signing the lease, you are going to have to invest in your interior - painting, fixtures, building dressing rooms, cash register, electricity, phone lines, security system, etc. You will also need insurance - both liability in case someone gets injured in your store as well as business insurance to protect you in case of theft, fire, flood, etc. Before you buy any merchandise, you are easily looking at $50-100k in start-up costs.
As a new vendor, you are also going to have to pay upfront for all of your clothing/jewelry/accessories and most wholesalers have minimum orders. To fully stock a store, even if you are selling lower priced goods, you are still looking at minimum $20-30k worth of merchandise you will need to carry.
Then you are going to have to promot your store - local newspaper ads, flyers, website, mailers, opening event, radio, etc which is going to set you back another few thousand dollars.
The only way to become successful is to find the right mix of merchandise for your particular area and demographic. Which other clothing stores are near you? Which are always crowded and which never have anyone there? Why is that - location, available parking, decor, average price, selection, hours of operation, customer service?
It sounds like you have a lot more research to do and put together a full business plan before you open anything. You have to plan that you probably won't break even until your 3rd year because of all the start-up costs.