Do you have what it takes to open a brick and mortar business?

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Quiz Questions

1.
What’s your BIG ‘why’ behind opening a brick and mortar business?

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- A.
  
  I have an idea, business plan, and know all the ins and outs to opening a brick and mortar store. Let's do this, baby!
- B.
  
  My current job is the pits — BUT I’m determined to climb my way out! However challenging starting a business may be, there’s no chance it’s worse than slogging through stacks of paperwork all day… Right?
- C.
  
  I have this awesome idea for a product or service that I’m super passionate about. I just need to pin down the ‘how’ and ‘when.’
2.
How well do you know your ideal customer or client?

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- A.
  
  Sort of – I’ve got a pretty clear picture… I haven’t done a ton of demographic research, but I think they’ll like what I have to offer 🤔
- B.
  
  Don’t I need to have a product or service before I can figure out who its ideal customer or client is?
- C.
  
  Heck yeah – I’ve spent some long nights brainstorming exactly who might benefit from my product or service. Plus I know what price is perfect for their income bracket!
3.
Quick-fire Q! What percent of brick and mortar stores are still open after ten years?
- A.
  
  45%
- B.
  
  25%
- C.
  
  65%
4.
Have you found a desired location for your storefront?
- A.
  
  I know exactly where I want my store and I know its the perfect location to drive foot traffic! I'm mid or post lease negotiations and already prepared for my build out!
- B.
  
  I have an idea of where I want my storefront to be, but no clue how to go about obtaining it. Legal paperwork drains me! 🥵
- C.
  
  No clue where to even begin when looking for a storefront.
5.
Are you prepared to hit a roadblock *or six* while starting up your business?

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- A.
  
  Yeah, I understand that starting my own business won’t be a walk in the park. But I'm committed to my dream, and I'm ready to put in all the work it takes.
- B.
  
  Honestly, I don’t see a lot of roadblocks coming my way… It should be a clear-cut path from selling my product or service to making mad moolah 💰
- C.
  
  Give me all the failure! I see mistakes as opportunities to learn, and I know I've got a whole lot of learning to do before I see much success in business.
6.
Quick-fire Q! What's the number one reason most new businesses fail?

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- A.
  
  They offer a product or service people don't want.
- B.
  
  The economy is in shambles.
- C.
  
  They don't invest in advertising their products or services.
- D.
  
  A lack of experience – managerial or otherwise.
7.
If you had 26 hours in the day and everyone else still had 24, what would you use the extra 2-hours for?

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- A.
  
  Unwinding like it's no one's biz. You could find me sipping a chilled glass of Pinot Grigio and watching Friends from start to finish!
- B.
  
  I would catch up on the customer research I've been putting off... Between fine-tuning my products and services and launching my website, I'm a little strapped for time 😪
- C.
  
  I would read the business books that've been collecting dust on my shelf. I need to get real familiar with all that entrepreneurial lingo before I can start my business!
8.
A certified business coach offers to answer just one of your questions, so what do you ask?
- A.
  
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  'How can I minimize my working time but maximize my profits? I need a new pair of Gucci sunglasses ASAP.'
- B.
  
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  'Where should I start? A new business is so much work, and I'm a little – O.K. a lot – overwhelmed.'
- C.
  
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  'How can I ensure that my product or service touches as many lives as possible? I'm ready to change the world!'
9.
What scares the bejeebers out of you when it comes to starting your business?

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- A.
  
  Falling flat on my face... There's no way I can crawl back to my corporate job after flunking out of business!
- B.
  
  Being misunderstood – I have a specific mission, and I don't want customers or clients to use my products or services without knowing what they're all about.
- C.
  
  Not being accountable to anyone except myself. I'm used to working for a boss, so striking out on my own is going to be a big adjustment.
10.
Quick-fire Q! What percentage of people prefer to shop in physical stores over online?

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- A.
  
  49%
- B.
  
  64%
- C.
  
  31%
- D.
  
  88%

Quiz Outcomes

1.

You’re... Not *Quite* Ready

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Congrats on completing the quiz! According to your results, you might need to slow your roll and do a bit of research before striking out on your own...You might have a promising idea and all the passion to back it up, but without some basic entrepreneurial know-how, your path to high profits might be riddled with roadblocks – but, no worries, we're here to help!“If you really look closely, most overnight successes took a long time.” – Steve JobsThree tips to make your physical store a smash hit success...1. Start with a business planI know this isn’t always the fun part, but it is oh so necessary! Get your business plan on paper! Start with a high-level outline then fill in the details. Ensure to include things such as market demographics, what products/services will you offer and what prices, what will the cost be to open, how will you market, ect. This document will be your guide as you take your ideas you take your idea to Grand Opening. It will also be useful to provide when obtaining a lease, funding, or permits.Not sure where to begin? Don’t fret, friend! We have a business plan template coming out soon! Stay tuned. 2. Get to work networkingThis tip is an oldie but a goodie... Success isn’t about what you do as much as who you know. When you invest time not only in meeting entrepreneurs from your industry, but also getting to know local business, it will pay off in dividends. Set a goal to meet two local business owners this week. Who knows, you may find a business you can partner with in the future or gain some valuable insight on the local market.You will never know until you get out there a try!3. Location is everythingIt may seem obvious, but you may find yourself in a scenerio wondering if you should go for the cheaper rent at the back of the shopping center rather than front and center. Were here to tell you, No! Front and center, baby! While you may not always land the perfect location, take the best location you can. High traffic, visible areas trump any marketing when it comes to brick and mortar based business. "Who are the entrepreneurs behind all these business tips?" Glad you asked...Hey there 👋 We are Joann and Kyle (Joann here. I do most of the writing). We are a couple of 10 years who love the outdoors, topo chico, and our chocolate lab, Roxy. Four years ago we dove head first into the world of small business opening 3 brick and mortar locations.We took two of our stores to a profitable, thriving status which gave us the opportunity to sell. Now we have one profitable location (our baby) that continues to grow and thrive. We have experienced all the ups and downs of brick and mortar service and product based business. We even survived the scary days of a global pandemic. Phew!While it has been a rollercoaster at times, we wouldn't trade our experience for the world. It has truly been a dream come true.Now our mission is to help others take their dream idea and bring it to life.If you have a dream of opening the store of your dreams, then follow us as we share all the tips, trick, and hacks needed for a profitable, long lasting brick and mortar business.P.S. Expect to see us in your inbox soon with some of our favorite lessons learned through the years.
2.

You're... Just About Ready

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Congrats on completing the quiz! According to your results, you’re on the brink of a big business break...You’ve got a promising idea and enough passion to back it up. You just need to refine your plan before you make the leap and strike out on your own... Luckily, that’s where we can help!“And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom.” – Anaïs NinThree tips to make your physical store a smash hit success...1. Start with a business planI know this isn’t always the fun part, but it is oh so necessary! Get your business plan on paper! Start with a high-level outline then fill in the details. Ensure to include things such as market demographics, what products/services will you offer and what prices, what will the cost be to open, how will you market, ect. This document will be your guide as you take your ideas you take your idea to Grand Opening. It will also be useful to provide when obtaining a lease, funding, or permits.Not sure where to begin? Don’t fret, friend! We have a business plan template coming out soon! Stay tuned. 2. Get to work networkingThis tip is an oldie but a goodie... Success isn’t about what you do as much as who you know. When you invest time not only in meeting entrepreneurs from your industry, but also getting to know local business, it will pay off in dividends. Set a goal to meet two local business owners this week. Who knows, you may find a business you can partner with in the future or gain some valuable insight on the local market.You will never know until you get out there a try!3. Location is everythingIt may seem obvious, but you may find yourself in a scenerio wondering if you should go for the cheaper rent at the back of the shopping center rather than front and center. Were here to tell you, No! Front and center, baby! While you may not always land the perfect location, take the best location you can. High traffic, visible areas trump any marketing when it comes to brick and mortar based business. "Who are the entrepreneurs behind all these business tips?" I’m glad you asked...Hey there 👋 We are Joann and Kyle (Joann here. I do most of the writing). We are a couple of 10 years who love the outdoors, topo chico, and our chocolate lab, Roxy. Four years ago we dove head first into the world of small business opening 3 brick and mortar locations.We took two of our stores to a profitable, thriving status which gave us the opportunity to sell. Now we have one profitable location (our baby) that continues to grow and thrive. We have experienced all the ups and downs of brick and mortar service and product based business. We even survived the scary days of a global pandemic. Phew!While it has been a rollercoaster at times, we wouldn't trade our experience for the world. It has truly been a dream come true.Now our mission is to help others take their dream idea and bring it to life.If you have a dream of opening the store of your dreams, then follow us as we share all the tips, trick, and hacks needed for a profitable, long lasting brick and mortar business.P.S. Expect to see us in your inbox soon with some of our favorite lessons learned through the years.
3.

You're... Ready to Rock

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Congrats on completing the quiz! According to your results, you're sitting pretty. When it comes to entrepreneurship, you know your Ps, Qs, and everything in between.You’re not entering into your new business blindly, au contraire. You’ve sorted out nearly everything you need to make your startup a success. But life’s all about the curveballs, and you never know what might get thrown your way... Luckily, we're here to help!“The way to get started is to quit talking and begin doing.” – Walt DisneyThree tips to make your physical store a smash hit success...1. Start with a business planI know this isn’t always the fun part, but it is oh so necessary! Get your business plan on paper! Start with a high-level outline then fill in the details. Ensure to include things such as market demographics, what products/services will you offer and what prices, what will the cost be to open, how will you market, ect. This document will be your guide as you take your ideas you take your idea to Grand Opening. It will also be useful to provide when obtaining a lease, funding, or permits.Not sure where to begin? Don’t fret, friend! We have a business plan template coming out soon! Stay tuned. 2. Get to work networkingThis tip is an oldie but a goodie... Success isn’t about what you do as much as who you know. When you invest time not only in meeting entrepreneurs from your industry, but also getting to know local business, it will pay off in dividends. Set a goal to meet two local business owners this week. Who knows, you may find a business you can partner with in the future or gain some valuable insight on the local market.You will never know until you get out there a try!3. Location is everythingIt may seem obvious, but you may find yourself in a scenerio wondering if you should go for the cheaper rent at the back of the shopping center rather than front and center. Were here to tell you, No! Front and center, baby! While you may not always land the perfect location, take the best location you can. High traffic, visible areas trump any marketing when it comes to brick and mortar based business. "Who are the entrepreneurs behind all these business tips?" I’m glad you asked...Hey there 👋 We are Joann and Kyle (Joann here. I do most of the writing). We are a couple of 10 years who love the outdoors, topo chico, and our chocolate lab, Roxy. Four years ago we dove head first into the world of small business opening 3 brick and mortar locations.We took two of our stores to a profitable, thriving status which gave us the opportunity to sell. Now we have one profitable location (our baby) that continues to grow and thrive. We have experienced all the ups and downs of brick and mortar service and product based business. We even survived the scary days of a global pandemic. Phew!While it has been a rollercoaster at times, we wouldn't trade our experience for the world. It has truly been a dream come true.Now our mission is to help others take their dream idea and bring it to life.If you have a dream of opening the store of your dreams, then follow us as we share all the tips, trick, and hacks needed for a profitable, long lasting brick and mortar business.P.S. Expect to see us in your inbox soon with some of our favorite lessons learned through the years.

Do you have what it takes to open a brick and mortar business?

Take this two-minute quiz to find out if you’re ready to quit your corporate 9-5 and start building the business of your dreams. On top of that, I’m going to give you our top three tips for start-up success!

Quiz Questions

Quiz Outcomes