With the increased number of people constructing premises, the demand for hardware products has risen. Therefore, starting a hardware business in Zimbabwe is very profitable and lucrative.
What are some of the steps to follow before starting a hardware business in Zimbabwe?
a. Decide on the opening of the hardware store. Opening your hardware store or starting a franchise.
b. Have a business plan that will help you identify the potential customers and help you see the finances that will be used for the startup.
c. Register your business with the relevant authorities to avoid problems with the authorities.
d. Get the necessary equipment for starting the business.
e. Adopt a marketing strategy as soon as possible.
What you should consider before starting a hardware business
1. Premise and location
Places where there is a lot of construction going on. The best places are near a place with development, for instance, where the building of homes is current. You can also place your hardware business in the town suburbs where customers can reach you easily, especially near roads or bypasses. The premise of your hardware should have enough space for customers and suppliers, and it should be easily accessible.
2. Knowledge about the market
Identify the market gap in that area before setting up your business there. Please have a look at other hardware shops and how they work. Research on the pricing and how you sell your products to the customers.
3. Management
The number of employees you employ for your hardware business in Zimbabwe will depend on the size of your business. The staff you employ will do the daily transaction of the business and inform you.
4. Hardware products
Have a variety of hardware products in your business. Make the hardware products available to customers always.
5. Market your hardware business
After the long struggles in Zimbabwe to revive the economy, most people are now seen to build new houses. Construction of the houses will need hardware materials.
6. Have the necessary business licenses and permits
The business requires the shop license act or the urban council act.
What are the hardware products sold in Zimbabwe?
Most hardware shops in Zimbabwe sell a variety of products which include the following;
a) Electrical products
b) Plumbing materials
c) Tools
d) Safety materials
e) Agricultural products
f) General products include; bricks, cement, cables, circuits, screws, window frames, cement, brush ware, nails and nuts, water tanks, dust coats, copper wires, adhesives, and so much more.
How much does it cost to start a hardware business in Zimbabwe?
Starting a hardware business in Zimbabwe will need about $9000 to kick off. Here is the breakdown;
a) A business permit of $500
b) Starting budget of $7000
c) Renting a premise $500
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