There is Nothing Wrong if you Can’t Afford!

Shillong is one of the most expensive towns in running a retail outlet or commercial space. The starting cost of commercial space in Laitumkhrah is between Rs.400 to Rs.420 per sqft. Space crunch is one of the factors that pushes the price up. In Iewduh it starts nothing less than Rs.7000 per sqft and Police Bazaar would be more than the mentioned price.

It is a pain for entrepreneruship aspirants who would like to start a small venture of their own. It is just next to impossible if you don’t have savings like me. Here are few false preconceived notions that one needs to remove from their mind:-

  1. Having a retail outlet in Laitumkhrah or Police Bazaar doesn’t guarantee sales or profit.

Start thinking of running a retail outlet or leasing a commercial space only if you have recovered the basic cost of rent and security deposit of three months at least. Remember to take rest when exhausted, don’t forget to note down the contact details of all the people or businessmen you met because you can give them a call after 7 to 8 months because they might be in need of a new supplier.

Good luck!

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