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Retraining Ideas

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  • motorguy
    motorguy Posts: 22,621 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Les79 wrote: »
    Not necessarily, there's still some money in bricks and mortar if you get the industry/location/costs etc right.

    There's also the possibility of a start up loan, which appears to help in the writing of a business plan and some free mentoring (if successful).

    I stand by what i said - the odds of starting a bricks and mortar business in a town from scratch with no experience (and no idea on what to open either) and making it a success are close to nil.

    Not impossible, but close to nil.
  • motorguy wrote: »
    I stand by what i said - the odds of starting a bricks and mortar business in a town from scratch with no experience (and no idea on what to open either) and making it a success are close to nil.

    Not impossible, but close to nil.
    But if it didn't work out, they could claim discrimination and everything will be ok. I believe that's the usual advice given. But I'm with you. Shops are hard work even for the initiated - real or online. You really have to know what you are doing, have a nichecv and also be lucky.
  • Les79
    Les79 Posts: 1,337 Forumite
    motorguy wrote: »
    I stand by what i said - the odds of starting a bricks and mortar business in a town from scratch with no experience (and no idea on what to open either) and making it a success are close to nil.

    Not impossible, but close to nil.

    Indeed, it is very difficult. But certainly worth exploring if OP so wishes :)

    It is, in my opinion, better to gather the facts (locations available, initial/running costs, market size, draft business plan) before writing off the idea entirely.
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