Hi everyone! I’ve just filed my first LLC & am planning to open a vintage boutique in my city- I’m completely new to owning a legitimate business of my own. I thought this would be a great question to ask as I know I’ll be making many mistakes in my first year of business.

Please feel free to comment your favorite mistake!

  • ApptubrutaeBEnglish
    1·
    1 year ago

    My business is literally in market research, so I can attest: there is a LOT of guessing going on. A lot lot.

    This isn’t to say you can’t learn from competitors. You absolutely can. Just don’t assume they know any better than you!

    Also: if the company sucks, you really do need to take everything with a grain of salt. If they seem to do this one cool thing, but their reputation is garbage…well that one cool thing, in practice, might be garbage too. Doesn’t mean it is, but approach crappy competitors with extreme skepticism about every single thing they do.

    • taybaexox
      OPBEnglish
      1·
      1 year ago

      THANK YOU! People think I’m crazy to be so cautious but I’ve learned it’s better that way.

      And if I may ask you a question- what’s the best way to go about market research for retail? If you don’t mind I’d like to send you a message with more detail!