Renting Property for Business
As well as researching the market local to where you’re planning to open your shop, you should also find out as much as you can about your future landlord. Don’t be shy about this. Remember that when you make an offer to lease a shop you will be asked for references and there will be [...]
Want to Success at Your Business? Be Consistent!
Opening a shop isn’t everyone’s idea of fun. If you’re taking on the high street then be prepared to deal with an often difficult public, many of whom will have absolutely no interest in buying whatever it is you’re selling.
Allow Yourself Sufficient Time to Establish Your Business (3)
When I asked them how many of these things they believed they could make in a day, they hadn’t really worked it out. By my own calculations, I estimated that even if the whole universe conspired to help them on their way, together with Lady Luck shining on them, the most they could possibly manage [...]
Allow Yourself Sufficient Time to Establish Your Business (2)
So make sure you allow yourself sufficient time to grow your business to a profitable stage. I met someone recently who told me that they were about to open up their own shop selling something that I believe is already available, indeed is over-supplied on the high street.
Allow Yourself Sufficient Time to Establish Your Business
As I said earlier, in my case it took us three whole years before we really saw our Dutch bike shop take off. Although we enjoyed a relatively high level of sales during this time, our start-up costs (including rent, rates, and so on) ate into any potential profit.