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Choose
your path: ready to start a retail business?
Choose your path: ready to start a retail business? Don't
get stuck at the fork in the road—we've mapped out
3 different retail paths so you can choose the one that's
right for you.
The world of retail is everywhere you
look. It's the coffee-cart kiosk you pass on your way
to the office in the morning; it's the brick-and-mortar
shoe store you hit during the lunch hour; and it's the
online emporium where you order discount stereo equipment
in the evening.
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As a nation of consumers, we spent $3.8
trillion at retail establishments in 2003, according to
statistics from the National Retail Federation in Washington,
DC. Trying to get your head around that number is tough--but
trying to get a piece of that gargantuan pie? Now, that's
doable.
The word retail encompasses many different types
of stores and ways to sell goods, so we decided to break
it down for you. We've compared three different kinds
of retail startups: brick-and-mortar stores, kiosks and
online stores.
We talked to successful entrepreneurs in
each category to get their secrets and interviewed experts
to help you decipher which outlet is best for you.
What
are the pros and cons of each? How is each concept different?
How do you decide? You've got questions, and we've got
answers.
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