When Can I Open a Retail Studio?
The short answer that many people don't want to hear when I am asked about opening a retail location is, "when you have enough money in the bank."
Retail are a wonderful thing to have but they are expensive. Many say that business increased when they secured their retail spot. BUT be aware of how much opening a retail location costs and be sure that you are ready for that added expense when making this big step in your business.
Is your steady flow of clients going to follow you to the new studio?
Are you going to have to raise your prices? (Pro tip - do it now, before you find your spot)
Can you handle all the new expenses that will be coming your way when you open?
Just some things to think about before you sign that lease and get those keys.
Do you need help with your business? Are you stuck with how to scale, set up systems, manage employees, or handle all the tasks that are on your plate? I can help! I want to help!
Set up a quick call today to discuss the needs you have for your business and how I might be able to help. No obligation and no pressure.
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