I spent a day last month calling RN readers and asking them to tell me their best business ideas from the past 12 months. The entire RN team was doing the same for the March return of our 50 Ways To Make or Save Money special issue.
When Leicester retailer Raj Aggarwal answered the phone it sounded like he was in a warehouse. “I’m at the site for my new shop with the designer,” he boomed.
A combination of factors, from the ease of borrowing money to the number of retailers looking to sell up, means that there will never be a better time for retailers like Raj to expand their businesses.
Property experts are calling it a “perfect storm” creating opportunities for the right retailers.
This week’s issue features the advice and experiences of some of the biggest names in independent retail on the growing trend of opening a second shop.
Our guide covers everything from planning your finances and buying a property to understanding your new location and marketing the business. Meanwhile, Kishor Patel, the industry’s second store go-to man, shares the 10 lessons he’s passed on to many retailers over the years.
Whether you’re in the process of expanding and are looking for some tips, or it’s an idea you’ve been toying with and you need a final push, I think you’ll love this week’s issue.
But even if you think opening a second store isn’t for you, take a look, you might just find it inspiring and get caught up in the perfect storm.