Takeaways

• Entering retail can make or break your business.
• FOMO should not be the reason to enter retail.
• Retail can distract from core competencies.
• Creative alternatives to retail.
• Engaging with the community is crucial for success.
• Staffing is a major challenge in retail.
• A merchant's heart is essential for retail success.
• Understanding the costs of retail is vital.
• Food can bleed money in retail.
• The best cafes have a narrow focus.
• Retail is incredibly competitive today.
• Have a clear concept and plan.
• Don't leave any stone unturned in planning.
• Never do a handshake deal for business agreements.
• Streamlined operations lead to better profitability.
• Experience in retail is crucial for roasters.

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