For seventeen years I owned and operated a small chain of retail furniture and decorative accessory galleries in Chicago. They were wonderful stores. They had great staff and tremendous overhead and many things which eventually became huge headaches.
If you are in any type of retail firm, 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 firm 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 concern is not the end of the world. There are other things that you can do.
What I discovered was a new 'net 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 overhead, without the enormous startup costs, without the employees, warehouses, trucks, and without the heavy hours required in day-to-day operations in a brick-and-mortar enterprise.
This new 'net business model also does not have the downside of being located in any particular location which could be affected by many unknown factors. As you know, region is everything when deciding on a shop address. If you open in the wrong location, your small business will never thrive. Some of my stores were in upscale neighborhoods in Chicago where the residents had lost their jobs. While the customers were downsizing, my business slowed down. This new business model removes that restriction by operating in territory which is the entire English-speaking world.
This new online business model has benefited me, and you may want to take a look at it too. Don't get depressed if you have to close your shop. It is not the end of the world. There is a new way to start over, if you are looking.
There is no need to consider that your only option is to go open a new enterprise in a new region, go deep into debt and start the downward spiral again.
Operating on the net with the new business model does not have the drawbacks of traditional ventures. No heavy startup expense, no inventory, no leases, no staffing 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