I am currently 29 years old and I own a retail clothing store We are going to be celebrating our first year in business Now on our first months opened, business was booming majority of the money that was made in the first months went directly back in the store for more merchandise and after 3-4 months it started to slow down it slowed down to the point where I had to take out my personal to make sure to get by Overall I know there will be good days and slow days in a retail clothing shop but It seems like there isn’t enough funds leftover and to be able to pay off the suppliers in full I don’t think I am over spending on personal stuff Any tips?
Great advice on here. Seems like a relatively small population where you are. Look at those online channels to sell. Keep in mind with online advertising through SM you can target your ads geographically to your area as well. If you provide western and workwear have you tried any efforts to knock on doors with local businesses/farms/wineries or ranches? The rent you pay is a sunk cost but maybe shift your mindset to see yourself as a supplier not confined by people walking into your store. As someone already mentioned with personalizing workwear etc. Even if you get turned down repeatedly, people will know your face and remember your store. Build those relationships. Good luck, sounds like a cool business.