Do you want to start a provision shop in your neighbourhood? If you do not know how exactly to start the business, then read this post to the end.
Figuring out how to start a provision or grocery store can be quite a difficult task especially when you are first getting started in the business.
How do you know which items will be needed, where the shop must be located to attract a maximum number of customers? If you do not know the answer to these questions, then we are here to help you.
One of the most important components of any business startup is getting the right information about how to start, and that is exactly what this post entails.
In this guide, you’ll be giving a detailed guide on
- How to start your own provision store with ease.
- How to maintain the shop
- How to make enough profit and expand.
Are you ready? Let’s get started.
What is a provision store?
It is a retail shop that basically sells food, either fresh or preserved and other household items. It involves buying goods in bulk at wholesale prices and selling to customers at retail price to be able to make profit.
Why Must You Start A Provision Store in Ghana?
Less capital required.
With very little capital, you can start a small provision store in your neighborhood. Unlike supermarkets that require huge capital commitments, grocery stores require a lesser amount.
Not everybody can buy in bulk.
A lot of people needed basic household items on a daily basis but are unable to purchase them in bulk. They prefer buying a single item due to lack of finance. Your provision store gives them the avenue to buy their items on a daily basis.
It is convenient and requires no technical skills.
Basically, anybody at all can run a provision store business in Ghana. No technical skills required. All you need to do is to follow some basic business principles and you’re good to go.
It serves as a continual source of income.
This is the part most young Ghanaians fail to pay attention to. It is, however, a very important part of your business.
Note that if you fail to plan, you are planning to fail. Before you start any business make sure you have carefully written out a well-detailed business plan.
A business plan is basically a road map leading you to your goal in business. It shows how you intend to grow and sustain your business.
It should include the following:
- The type of items you want to retail
- The location of your shop. I will dive deeper into how to choose a location for your provision shop below.
- The capital required.
Capital is required to start every business.
You need to do your financial projections to see how much you can begin with.
Like every other business, the bigger you plan to start, the more capital required.
Space required & Equipment needed.
The next thing you have to do is to get a shop where you will place your goods and start business.
You can start this in your neighborhood if there are a lot of people living around.
In choosing the space/store make sure the place is easily accessible by customers and the shop also has enough space to accommodate the items.
Get a carpenter to make shelves where products will be placed and displayed. Provision should be made for a table and at least two or three plastic chairs.
Customers are likely to sit down for while whilst being served.
You need a refrigerator to keep your frozen foods. Buy cheap refrigerators by clicking the link below.
Items needed for provision store in Ghana.
Determine the products you would like to stock. Below is a list of products or groceries you can sell in a provision store.
Provision store item list
- Miksi choco
- Washing powder
- Toilet paper
- Fruits (optional)
- ice block
- powdered pepper
- And many more.
Managing the business.
A good business management ensures the sustainability of the venture. Make sure to restock as soon as the prodcuts are out of stock.
Establish a good rapport with your customers to ensure a continuous healthy relationship.
Once in a while run promotions for your most loyal customers.
Register the business.
After you have successfully set up you’re the provision store business, you have to do the needful.
Get the business registered and pay the necessary taxes to prevent facing problems in the future.
We have given a definitive guide on how to register a business in Ghana.
Kindly click the link below to see how you can get your shop registered with the registrar’s general department.
I hope this provision store in Ghana guide will help you to plan for your new business.
Before you commence visit shop owners near you to observe how they do their stuff.
Note that experience comes after you’ve started. So do not let anything hinder you from starting
Now I’d like to hear from you.
I hope you enjoyed this guide to starting a provision shop in Ghana.
Now I’d like to hear what you have in mind.
Have you already started already?
If so, how is it going?
Can you share some of your experiences with us?
Or maybe you have a question about something?
Either way, proceed and leave a comment below right now.