One of the reasons I’ve been reminiscing on my publishing career over the past two days is because I’m now faced with a very big decision concerning Syntagma Media.

It revolves around a proposed major offshoot business : Syntagma Retail, which would publish two giant online network magazines — ShopShape UK and Retailz USA.

The problem is scalability. “blog networks” are essentially small-scale things, whatever the evangelists may say. In comparison with the GigaCos offline they are peanuts — to use a retail analogy.

Scaling up to the point where you can offer advertising space to the likes of Marks and Spencer, Tesco or Ikea is a quantum leap resting on a quantum leap.

When I asked about the likely investment needed, my friends in retail consultancy suggested a ballpark figure that matched Wembley Stadium in dimensions. My blood still runs cold when I think of it.

The question that intrigues me, though, is not the standard business approach but the mechanics of the operation. Could such a leap be built over time without opening an office in Mayfair? Would I want an office in Mayfair? — lunch at the Cafe Royal would be nice.

Should a publishing man even consider jumping into an industry about which he knows zilch+, or marginally less?

On the other hand, such thoughts haven’t stopped me in the past. Rags-to-riches is my middle name — usually in the reverse direction.

It all comes down to the complexity of the operation and the amount of work and expertise required. At present, I’m running Syntagma Media at the outer edge of my own capabilities and availability.

But the opportunity is there. There has never been a better time to do it, given that I have contacts who know what to do and the clout to make it happen. Not forgetting the vast and growing markets that adventurous retailing now commands, with the likes of China, India and Brazil the new frontiers waiting to be “conquered”.

So, what do Syntagma readers think? Let me have your views, please. I’ll take silence as a yes, obscenity as a no.