Knowing When Your Retail Business Is Ready To Expand
JAN 29, 202629 MIN
Knowing When Your Retail Business Is Ready To Expand
JAN 29, 202629 MIN
Description
When Is the Right Time to Open a Second Shop?Opening another shop is often seen as the obvious next step in retail growth.But knowing when to do it, and whether your business is actually ready, is far harder.In this episode of Resilient Retail Game Plan, we look at what really changes when you move from one shop to two, and then beyond.With thanks to this episode’s sponsor SumUp.Get 10% off SumUp hardware with the code GamePlan10 at https://sumup.co.ukI’m Catherine Erdly, and this is Resilient Retail Game Plan — practical product business advice with a healthy dose of reality.This isn’t about chasing expansion for the sake of it. And it’s not a checklist for opening multiple locations.It’s about timing, clarity, and understanding whether the business you have today can genuinely support what comes next.I’m joined by independent retailer Sarah Holmes, from Pencil Me In, who has grown from one shop to three across different locations in Scotland. Together, we unpack how those decisions were made, what changed at each stage, and why the second shop is often the hardest.In this episode, we cover:How to tell if your current shop is ready to support growthWhy growth often feels like exposure rather than reliefWhat changes when each location needs a different roleHow buying mistakes multiply once you have more than one shopWhy clarity matters more than creativity in multi-store retailLetting go of control without losing standardsWe also talk about how expansion changes your relationship with risk, cash, and your team, and why growth should support the life you want to run, not just the business you want to build.If you’re running one shop and wondering whether there could be more, or you’re already managing multiple locations and want it to feel simpler, this episode will help you think more clearly about what growth should look like for you.Chapters 00:00 Why growth is a timing question, not a goal 01:16 From one shop to three and why pacing matters 06:19 Why growth feels like exposure, not relief 09:30 Why each shop needs a clear job to do 11:03 Specialising instead of stocking everything 15:32 The danger of unchecked buying decisions 18:08 Using data to protect cash as you grow 22:22 Letting go without losing control 29:46 Choosing growth that fits your lifeLinks Retail by Design: https://www.resilientretailclub.com/retail-by-design Resilient Retail Club: https://www.resilientretailclub.com Listen on your favourite podcast app: https://www.resilientretailclub.com/podcastEnjoying the show? DM your takeaways or questions to @resilientretailclub on Instagram. And if the podcast’s useful, please follow, rate, and review — it helps more product businesses find us.