Join Date: Oct 2009
Location: Just south of sanity
Saddlebag gave you excellent advice. With the popularity of the internet and online tack shops nowadays, it's hard for a brick and mortar store to be competitive.
You need to find out what people in your area actually want/need, and you'll have to be competitive with your prices, otherwise they'll just find what they want in your store and go buy it online for less.
There is ONE tack shop here in the Lynchburg area that has managed to stay afloat, but it hasn't been easy for them. They sell a lot more than tack and are also a Purina feeds dealer, so they're being used as a feed store for a lot of people. They are also very accommodating when it comes to ordering something you want but they don't have.
You're going to need a 'hook', be it selling feed or becoming a dealer for a particular tack brand. Even then, the SBA states that seven out of ten new businesses only last two years, while 51% will only remain open for five years.
Do you have the financial, mental, and physical health to push on in the midst of setbacks? Money, location, physical and mental stamina, management skills, a passion for the work, and the ability to plan ahead are all necessary things in order to even attempt to succeed at being your own employer.
You want the truth? You can't HANDLE the truth!