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.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today