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Everything takes twice as long and costs double

21st Oct 2023
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I can't remember which business programme I was watching, but I recall a phrase along the lines of everything taking twice as long and costing twice as much as expected. Hence why it is a few months since my post about starting a new retail business.

The re-mortgage on the house completed last week, just squeaking in on the day the mortgage offer (and rate) was about to expire. I am expecting the purchase of the shop premises to complete next week. This will be commercial property number four that we own. Which sounds more exotic than it is. This will, however, be the newest by far. It is on the ground floor of a block of flats that are no more than 15 years old.

I now need to get a quote for the shop front to be fitted. Currently the front consists of wooden hoardings. The neighbouring shop has just been fitted out as a barber - and the shopfitter did a good job of the front. All the fronts on these shops need to be an identical design, in black, with a window to either side and a recessed door.

The plan is to book the shopfitting in for after Christmas. That allows time for the VAT on the purchase to be reclaimed in order to pay for it.

In the meantime I need to research point of sale systems. (Square Retail is looking favourite)

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Tom Herbert
By Tom Herbert
23rd Oct 2023 16:15

Glad to hear you made it before the rate expired Tom! Looking forward to hearing your verdict on those point of sales systems :-)

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