So you have an idea for a business, and you can’t wait to start. You’ve daydreamed about your Grand Opening, you’ve told your family and friends what you want to do, and you’ve already thought of the perfect name for your new venture.
There’s one problem though. You can’t decide whether you should be opening your business in a store front or limiting your business to the internet.
Before you go throwing thousands of dollars on a lease for a retail space, you should fully understand the commitment you’re about to make AND the alternatives you have to going that route.
To really give your decision thorough consideration, here are a few of the questions you should ask yourself.
Having a business in a physical space is sexy to a lot of people. It seems fun and makes them feel like they’ve made it. As you can see there’s a lot to consider when you start thinking about opening a brick and mortar business as opposed to an online business.
Starting an online business is sometimes as simple as setting up a website and getting the word out about it. There’s so much more that goes into starting a business in a retail space, and it’s not a decision one should make without serious thought.
No matter what, remember that you can always start online, then grow into a physical location from there. As long as your business is not one that absolutely NEEDS retail space, you can absolutely be just as successful — if not more — with a business that’s online only.
Which sounds better to you — a brick and mortar business or an online business? Find me on Instagram or Facebook and let me know.
Also, if you know someone who might enjoy this article, please share it with them. And listen to my podcast, Master Your Mission, for daily motivation and inspiration to pursue your dreams.
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