7 Situations All Brick-and-Mortar Business Owners Will Face in Their First YearVenture Central email@example.com
Your first year in business could be the best or hardest of your life – likely both. You can roll with the punches better if you’re prepared for these scenarios and factors.
You’ve finally taken the plunge and opened that little store you always wanted. Perhaps you’ve even planned for this moment for years, but the reality is often far different from what you imagined.
The United States government reports that 90 percent of retail sales still happen in brick-and-mortar stores. There are many reasons people shop in-store instead of online, including 62 percent indicating they like to see or touch an item before buying. There are many advantages to owning a brick-and-mortar store, even if you also have an online presence.
However, with any new business, there are unexpected situations you’ll face in your first year.