I Changed My Mind About Opening a Store

I changed my mind about opening a store. After watching businesses close in different markets, Chad Wade started noticing a pattern—and it changed how he looks at the opportunity for new store owners. In this video, Chad explains why multiple businesses concentrated in the same area can compete themselves into trouble while other parts of the same market continue performing differently. When struggling operators disappear, that can leave an opening for someone with fresh ideas, better presentation, smarter product decisions, and fewer old habits. But this isn't a message to simply sign a lease and start buying inventory. The location matters. The competition matters. Your product strategy matters. And most importantly, your plan matters. If you've been thinking about opening a store, Chad explains why his outlook has changed—and why doing things differently from the businesses that came before you could be the real opportunity. Timestamps: 00:00 Disclaimer 01:07 I Changed My Mind 01:29 Is It Really a Good Time to Open a Store? 01:57 Why Some Stores Are Closing 02:27 The Pattern I'm Starting to See 02:53 Store Closures Can Create a Vacuum 03:12 New Operators Are Doing Things Differently 04:27 Why I'm Becoming More Hopeful 05:59 My Outlook Has Changed 06:39 What a Winning Store Actually Needs 07:10 Should You Open a Store? 07:17 Don't Jump In Without a Plan 📢 Resources: • Join Patreon for FREE $200 Masterclass: https://www.patreon.com/ChadWadetv • Join the discord today: https://discord.gg/geQ465efnH • Text "DISPLAYS" to 954-466-3228 for free smoke shop layout • Displayarama.com and use code chadwade5 and get 5% off your order. • Visit https://chadwadetv.com for business mentorship • Get Chad's Book "Street Smarts" on Amazon Today: https://a.co/d/h09C7UV • Buy Chad A Coffee: https://buymeacoffee.com/chadwadetv • Looking for the Best Business Funding? See if you qualify for 0% interest promo here: https://link.zerobizfunding.com/chadwade 💰 LEVEL UP YOUR BUSINESS: • Custom Inventory Solutions • One-on-One Strategy Sessions • Complete Business Building System • And more at https://chadwadetv.com/ 🔔 Hit Subscribe & Bell Icon - New business growth videos every week! https://youtube.com/@CW_TV3?sub_confirmation=1 I’m here to help smoke shop owners and entrepreneurs succeed and avoid costly mistakes. Drop your questions or experiences in the comments—let’s support each other! 🤝 LET'S CONNECT: • YouTube: https://www.youtube.com/@CW_TV3 • Instagram: https://www.instagram.com/chadwadetv/ • Tik Tok: https://www.tiktok.com/@chadwadetv • Facebook: https://www.facebook.com/chadwadetv • Linked In: https://www.linkedin.com/in/chad-wade-a980418/ *Disclaimer: This video is for educational and entertainment purposes only. #RetailBusiness #OpenAStore #StoreOwner