It is definitely financially viable to start a quilt shop business because of the low start up costs.

What are the important factors that you must consider before starting a quilt shop? Let's discuss below in details.

i) Your targeted market

It is important to identify the target market for your quilting products. To do this, thorough market study has to be conducted. Simple survey technique include visiting craft shows at your area. Asking around your friends and relatives of the quilt products that they like is another useful method. These are some of the cost effective ways of doing your market survey.

The main benefits of doing market survey is that you can use the information gathered during the process to formulate your market strategy. This in turn will help in drafting your business budget.

ii) Capital

Capital is another item that you must consider before starting a quilt shop. It is vital to ensure that you identify your sources of capital. This may include borrowing from banks or your family members.

If you would like to start your own quilt shop from scratch, it would be advisable to borrow funds from your relatives and friends because it will shorten the whole process and make it easier.

To work out how much capital you need for your quilt shop business, it is useful to prepare a capital budget which will include capital expenditure and operating cash flows required for a certain period of time.

There are other various equally important factors that have to be considered before starting a quilt shop such as whether you would like to start it part time or full time, do you want to rent a shop for your business or do you have sufficient space that you can allocated for your business at home.

In a nutshell, having a thorough market research and capital budget is the two more important things to take into consideration.