In today’s uncertain world there is quite a bit to consider before you open your own retail store.
Now is as good a time as any to start your own retail store. These tips will help you to get your mind around this process.
Tip #1: Location:
The number one priority for any retail business is location. As the saying goes, “Location, location, location.” Harold Samuel first said this now much-used phrase in 1944 when he founded Land Securities, one of the United Kingdom’s largest property companies. A retail store must have the right size property for the amount of foot traffic and products they will be selling.
Tip #2: Franchise or Independent
People like to buy a certain brand so deciding if you are going the Mom-and-Pop store route versus choosing a bigger established franchise is going to be one of the biggest decisions that you will have to … Read More