Opening day is the result of a substantial amount of work. Entrepreneurs in the Buena Vista, VA area with a marketable product or service must decide how to reach their target audience. A solid business plan is often the key to a successful opening. The team at Stonewall Grace Insurance is here to help you prepare for opening day. Remember, the amount of preparation new business owners put into the initial stages of development often prepares them for the inevitable turbulence of running a new business. 

Have you chosen a location?

Make sure your real estate agent knows what your priorities are regarding needed space and adequate utilities. If you expect a significant amount of traffic to your new location, have you considered whether you have sufficient parking to cover both employees and customers? Developing a contingency parking plan for special events like grand openings or community appreciation days is wise. A location that makes customers comfortable while meeting a need can be a factor in whether some customers return. 

Did you secure the proper licenses?

Contact the appropriate government agencies to ensure you have the proper licensing in place before you open your doors for business. Make sure the building is up to code and equipped with smoke detectors, proper lighting and labeled fire exits. If there is a product involved, do you hold a patent or rights to distribute said product? It is important to understand what types of coverage is needed to protect against defective products.

Do you have an experienced insurance team on your side?

The team at Stonewall Grace Insurance can answer your questions about commercial insurance needs. From commercial liability insurance to workers’ compensation and commercial property insurance, we have your needs covered. Proper insurance protection is often the reason any business around Buena Vista, VA survives legal difficulties.