Before you rent
When should you actually get a shop?
A physical shop is not a bad thing. Getting one too early is what hurts, because the costs start immediately and the customers do not.
These are the signs that the rent has become an investment rather than a gamble.
Start building for free1. Customers keep asking where they can find you
Not one or two. Regularly, and from people who are ready to buy. That is genuine demand for a location, rather than you assuming one is needed.
2. Your sales are reasonably predictable
You can look at the last three to six months and say roughly what next month will bring. Rent is a fixed monthly promise, so it should be met by income you can rely on.
3. Your margins can carry the overhead
Work out how many extra sales a month the rent and its associated costs represent. If that number looks unrealistic, the premises will eat the business rather than grow it.
4. Foot traffic genuinely helps your trade
Some businesses live on passing customers. Others are found through search, referral and WhatsApp, and would pay rent for a door almost nobody walks through.
5. You have enough to survive the slow months
Every shop has quiet stretches. Money set aside for those months is what keeps a good business from closing in its first year.
What to do until then
- Keep serving customers from home, on the road, or by delivery
- Keep your website and WhatsApp current, with real prices and photos
- Save deliberately towards the deposit and fittings
- Track where your customers come from, so you know which location would suit
Common mistakes
- Renting because the business feels like it should have a shop
- Taking the cheapest premises in the wrong area
- Signing a long lease before testing the location
- Moving in with no money left for stock or marketing
Next step
Build the demand, then open the door
MatSiteBuilder walks you through your details, services, proof and contact options, with a live preview the whole way.
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