Challenges of Starting and Owning a Retail Business

Here are some of the difficulties and challenges of woning a retail business such as a shop, hairdresser, grocery etc.

1. Low sales post Christmas
2. Large cash investment at startup
3. Long hours and little (or no) pay to start
4. Only vacation is attending trade shows and buying events
5. Meeting difficult customers
6. Not having what your customers want
7. Bounced checks / credit card fraud
8. Having to do it all (marketing, buying, bookkeeping) yourself
9. Too little profit on the merchandise you love to sell
10. Finding damaged merchandise, empty packages and open food on your shelves
11. Firing and disciplining lazy or rude employees

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