The first in opening a video store is deciding the type of store. Do you want to open a franchise or a neighborhood video store? Next would be selecting the location and where you plan on getting funding. A business plan would come in handy here. Do you have the cash, investors, or are you going for a small business loan. Then there is stocking the store and advertising. It sounds easy but there is a lot of hard work and risks in opening a new business these days.