For seventeen years I ran a small chain of retail furniture and decorative accessory shops in The Chicago Area. They were wonderful businesses. They had great help and tremendous overhead and many other things which eventually became huge headaches.
If you are in any type of retail commerce, you know that the past few years have not been our best friends. I ended up having to close my businesses, and even in the going out of concern sales I wasn't able to raise enough money to cover the debt which I owed on them. It was not a good situation.
What I realized, and what you should know - especially if you are in a similar situation - is that closing your doors and going out of business is not the end of the world. There are other things that you can do.
What I discovered was a new internet business model which has the capability of replacing the entire income that I had been getting from three stores. It does that without the heavy expenses, without the enormous start up capital requirement, without the employees, warehouses, trucks, and without the heavy hours invested in day-to-day operations of a brick-and-mortar enterprise.
This new online business model also does not have the downside of being locked into any particular locale which could be affected by many unknown factors. As you know, region is everything when deciding on a business address. If you open in the wrong place, your establishment will not survive. Some of my stores were in upscale sections in Chicago where the residents had lost their jobs. While the customers were downsizing, my business dried up. This new business model removes that restriction by operating in territory which is the entire English-speaking world.
This new 'net business model has benefited me, and you may want to take a look at it too. Don't get depressed if you have to liquidate your business. It is not the end of the world. There is a new way to start over, if you are willing.
There is no need to consider that your only option is to go open a new business in a new neighborhood, go deep into debt and start the destructive pattern again.
Operating on the internet with the new business model does not have the drawbacks of traditional ventures. No heavy startup investment, no inventory, no leases, no employee hassles.
Bruce Wood is an artist, entrepreneur and online business owner. Go to his blog to learn more about the new internet business model which has enabled him to start over after closing his brick-and-mortar stores.
http://www.BruceWood.Net