I've reached a bit of paralysis recently.
I am brick&mortar one shop retail operation guy (my 3rd, business attempt, 4th if you count less serious, 5th if you count failed side hustle). I have my shop I like to work here, but scaling it will require opening next one. As you all know in UK retail is dead. I am doing fine and I got decent at what I'm doing but it is definitely not enough after 4 years to remove myself from business and with one shop probably never will. Therefore I started side-hustling. Any free time I have I started coding and building websites. I am torn between:
1. Double down on what you're doing, open next shop. My problem with this is : Brexit, the retail state in UK, high cost and risk and low profit if I get someone to work there full time and I am not there.
2. Point 1 but wait, I sit on stock/shares and bonds (gilts) so I can cash on it fairly quickly while it is not just cash being lost to inflation there is some growth there.
3. Build online operation for my brick&mortar operation - this is what I've done initially I paid for building me Magento website and I failed miserably, it kept failing miserably, I didn't knew how to fix it myself and it kept draining money causing losses, what I thought will be the easiest transition lead me to my point 4
4. Side-hustle - keep side hustling, I taught myself wordpress, html and css in free time being frustrated with problems with 3 now I'm on javascript. I am building dropshipping website since it is always something I wanted to try if I build big enough portfolio I can start selling websites too. My problem is that I had 0 success with it so far, yes I builded blog for myself, one portfolio website and one website for a friend and I'm on 4th now but I enjoy it so why not keep going? It will take a while I know but with limited time after my brick &mortar it seems like it is already taking forever.
So what do you guys think? Maybe something entirely else? I am in the fitness industry maybe I should move to something less sexy like float tanks or carpet cleaning? Something less crowded where ppl still don't know what facebook and instagram is ? Any suggestions welcome.
I am brick&mortar one shop retail operation guy (my 3rd, business attempt, 4th if you count less serious, 5th if you count failed side hustle). I have my shop I like to work here, but scaling it will require opening next one. As you all know in UK retail is dead. I am doing fine and I got decent at what I'm doing but it is definitely not enough after 4 years to remove myself from business and with one shop probably never will. Therefore I started side-hustling. Any free time I have I started coding and building websites. I am torn between:
1. Double down on what you're doing, open next shop. My problem with this is : Brexit, the retail state in UK, high cost and risk and low profit if I get someone to work there full time and I am not there.
2. Point 1 but wait, I sit on stock/shares and bonds (gilts) so I can cash on it fairly quickly while it is not just cash being lost to inflation there is some growth there.
3. Build online operation for my brick&mortar operation - this is what I've done initially I paid for building me Magento website and I failed miserably, it kept failing miserably, I didn't knew how to fix it myself and it kept draining money causing losses, what I thought will be the easiest transition lead me to my point 4
4. Side-hustle - keep side hustling, I taught myself wordpress, html and css in free time being frustrated with problems with 3 now I'm on javascript. I am building dropshipping website since it is always something I wanted to try if I build big enough portfolio I can start selling websites too. My problem is that I had 0 success with it so far, yes I builded blog for myself, one portfolio website and one website for a friend and I'm on 4th now but I enjoy it so why not keep going? It will take a while I know but with limited time after my brick &mortar it seems like it is already taking forever.
So what do you guys think? Maybe something entirely else? I am in the fitness industry maybe I should move to something less sexy like float tanks or carpet cleaning? Something less crowded where ppl still don't know what facebook and instagram is ? Any suggestions welcome.
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