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| Oct 03, 2008 6:49 pm |
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re: The Future Of Small Business .... Doom and Gloom Or What? |
Kurt Schweitzer
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Personally, I don't think the future of small business looks any worse than it did last year.
On the other hand, in tough economic times money management becomes more important. Small businesses tend to run closer to the edge, so their ability to ride out a poor economy is less.
I'm not seeing an indication that consumers are preferring to shop big stores even more than in the past. Instead what I'm reading is that consumers are being cautious about their spending. ALL retailers are being affected.
You mention mall stores. Have you ever looked at the economics of setting up shop in a mall? You pay a sizable premium for that location - in my case it ranged from three to ten times the rental cost of a non-mall location. You also wind up being at the mercy of the mall - they dictate your hours, you have no outside signage, and even your inside displays are seriously limited.
True, all that foot traffic can bring you a TON of business, but the slightest glitch can turn you upside down pretty quickly!
My knuckles may be white, but I'm planning to stay on this ride for a little while longer. Hopefully it'll smooth out next year!
Kurt Schweitzer
Urban Village ScootersPrivate Reply to Kurt Schweitzer (new win) |
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