Hey frens…I have been feeling “called” for several years to open a local retail shop (with online as well). It’s retail, but with a higher purpose. I recently had an opportunity open up for me: a small space, in a great location, at an affordable lease rate that will allow me to launch, start small, be self-funded, and grow over time.
Am I crazy for considering this during a time of growing inflation, pending doom in our economy, etc.? Or the contrary? Maybe getting started with a modest inventory is the place to be when SHTF, and then I’m poised and ready for the full “great awakening” financial comeback of the middle class?
My store type does not supply “essential” goods, per se, but definitely items that people will seek out to add more joy to their lives (a good thing when times get rough?).
I feel like God is leading me down this path, but I’ve not made the best financial choices in my past, having had horrible timing, so I’m trying to explore all avenues. Any thoughts and ideas are welcomed!!
If you don't try, you will never know.
Just don't put all your eggs in one basket, have contingency plans.
My wife and I had a dream to move to Wales, and we eventually did. It was a monumental waste of time and money, but we did it. If we hadn't, we would still be sat here wondering 'what if'.
Every experience is valuable.
Thank you. My wife and I are mulling a similar decision.
I hope you have a more positive outcome than we did, but never let fear rule your judgement.
Prudence is ok, once in a while, but never fear :)