Home Forums Starting your journey Timeline for new business Reply To: Timeline for new business

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Paul – FS Concierge, post: 271847, member: 78928 wrote:
Hi and welcome to Flying Solo.

Thanks for joining and posting.

As a retailer, it is hard to do small, low cost experiments first unless you go online or the local markets to see if there is actual interest in the products you want to sell.

Signing a retail lease is a big commitment that could possibly last years and years so there is a fair amount of risk already built in.

At the very least, I would prepare a comprehensive budget first with cash flow projections if not a full business plan.

Good luck in your endeavours!

Come back often and let us know your progress or the ups and downs you have.


Thanks Paul! It definitely wouldn’t be an experiment beyond the general unpredictability of life, I guess I’m just working out the best order to correlate the various bits of data in order to lock a detailed plan in.

My idea is very location-centric, being a strip shopping local opposite to a busy train station, next to a busy cafe, with mid-price gifts and homewares.

I’m aware of not biting off more than I can chew! I’ll keep you guys updated.