Hello. I am new to the community, it`s been great reading through all the threads. A lot of useful information!
I wanted to get your thoughts on the timing of opening a specialty children`s store. I am thinking of mostly offering clothes, but also having books, toys, etc. I would be opening it in a community of that has around 50,000 for a population, with 1/3 of the population under 18. By 2020, it is supposed to be around 80,000. The competition is mainly national chains - Gap, Gymboree, etc that are located in malls. I am pretty financially secured and I really have a passion to start a business that deals with children. (I have a 1 and 4 year old.) I know the economy is not the greatest, so I am wondering if this would be a good time and ideal situation to start a business like this.
Any thoughts would be appreciated.
Thank you very much.
John (Minneapolis/Saint Paul, MN)