Which is VERY expensive in rent costs, not to mention already saturated with well established and well funded tat shops
Have you decided on a legal setup for your company?
From postfinance:
It’s not just administrative costs where the legal form matters. It also makes a difference in terms of capital requirements. If you wish to set up a private limited company, for example, you need starting capital of at least CHF 100,000 in Switzerland. A minimum of 20% of the planned equity capital must be paid in. However, the minimum amount to be paid in is CHF 50,000, which is why private persons are often dependent on investors for financing.
CHF 20,000 in starting capital is required to set up a limited liability company. In contrast, there are no requirements for proprietorships and simple partnerships. Entry in the commercial register is not mandatory. The legal form is most important in relation to liability. This is why you should seek advice, which in turn constitutes an expense.
More to the point, here are some costs to keep in mind:
Rent: Rental prices can range from CHF 200 to CHF 1000 per square meter per month. The actual cost will depend on the size and location of the shop. Budget that commercial property is often leased for longer periods.
Deposit and Advance Payments: The security deposit can be equivalent to a few months' rent, and landlords may require 12 months advance rental payments, or the first and last month's rent.
Business Registration: The registration fee for the commercial register can range from CHF 300 to CHF 600.
Permits and Licenses: The costs for permits and licenses can vary. It is advisable to consult with the relevant authorities to determine the exact requirements and associated fees. I don't know what the permits are, but consider that you will need to sort these out. Knowing the local language is a must, or you will need to hire someone to sort these out for you. I believe you would need:
Business Registration: The registration fee for the commercial register typically ranges from CHF 300 to CHF 600.
Trade License (Gewerbebewilligung): The cost of a trade license can vary depending on the nature and size of your business. Generally, trade license fees in Zurich range from around CHF 200 to CHF 500.
Operating Permit (Bewilligung für den Betrieb): The cost for an operating permit can vary depending on the specific requirements and the size of your shop. It is advisable to contact the local regulatory authorities for accurate cost estimates.
Signage Permit: The cost of a signage permit can vary based on the size, location, and design of the sign. It is advisable to contact the local building and signage authority for more information regarding the fees associated with obtaining a signage permit.
Value Added Tax (VAT) Registration: There is no specific fee for VAT registration in Switzerland. However, you should be aware that as a VAT-registered business, you will have additional administrative responsibilities related to VAT reporting and compliance.
Utilities: Monthly utility costs (electricity, water, heating, internet) can range depending on the size and consumption patterns, but a rough estimate would be around CHF 200 to CHF 500 per month.
Renovation and Interior Design: The costs for renovation and interior design will vary based on the extent of the work required. It can range from a few thousand Swiss Francs to tens of thousands of Swiss Francs, depending on the scale and complexity of the project.
Insurance: Insurance costs will depend on the size and nature of your business, as well as the coverage requirements. A rough estimate would be around CHF 500 to CHF 1,500 per year, but it can be higher depending on various factors.
Staffing Costs: Staffing costs will depend on the number of employees, their roles, and the Swiss labor laws. Salaries, benefits, and social security contributions can vary significantly. Remember that even if you have family helping, they will need to be paid, and social contibutions made.
Excellent check-list from Spinal!
Now this is an idea you could materialise more or less right away, with low capital and relatively small risk.
If you can manufacture such items yourself, in your home, you could try to sell them at flea-markets, craft-shows and other similar events, and on free sites such as tutti and anibis, and almost-free sites such as ricardo. Through those routes, your overheads would be lower or at least more manageable, and the commitment shorter-term. You'd have the opportunity to learn about your costing, and be able to listen to what the customers say, both those who buy and those - at least at offline events - who turn away.
In your trial runs, you'd be working for free, but remember to write down what would otherwise be your chargeable hours, both to quantify your full costs and with a view to later potentially employing someone else to do the work.
If you do this for a while, in all seasons and weather, you'll gradually develop an idea of what is feasible, and then whether this could become a medium- or long-term happy, creative side-line, or whether your arithmetic adds up to making it into a full-time business.
Thank you doropfiz and spinal
That was useful for me and changed my mind
Regards
Changing one's mind is good.
Keep going with your ideas. Keep writing them down. Put your imagination into them, and enjoy the fun of dreaming creatively and even unrealistically. Then add the more boring work of collecting the real numbers. Keep testing your re-worked concepts against the facts as already experienced by others, so you can learn from their mistakes and successes. Ask for criticism. Modify and practice. Start small, risking only amounts you can afford to lose.
If you keep flopping, you'll know to change direction completely. On the other hand, if you develop the right mix of enquiry, hard work, entrepreneurial spirit and rationality (plus a trustworthy critic), you have the chance, sooner or later, of finding (or developing) the market gap and a way to make something profitable.
thank you doorpfiz for your help
appreciated
Forget it. Prime example is Höngg-at least 4 shops have been empty for a couple of years. Zürich is for big business with big money. And alot of the small shops that make no money are simply "money laundering" places.
i think you can get your Pension cash only if you are starting a einzelfirma [not possible for GmbH ] .also you can not work in some other places .your einzelfirma should be the one and only income .
iam not also sure 100 % . but i heard it . i wanted to do the same .then i have stoped that idea . but going to do same as you .
Business is something where you need to take risk .only if you take risk you could win .so plan well and go ahead mate .
good luck .