I read about the 2000 to 3000 malls in America that likely will go out of business by april of 2009. This isn't surprising to me. However, I was thinking of a solution for many store operators and owners. One option might be to find a place to live in a house that has dual zoning where it is residential but you also can run a small storefront out of your home. Then either the husband or wife can operate the storefront from home and the other spouse can go out and get another job until the sales climate picks up again for stores. Another option might be to put your items on Ebay or other online sales type of businesses. Another option might be to set up a drop shipment business so your business becomes finding customers and you don't have to store merchandise yourself.
However, to my way of thinking unless you have a lot of cash not credit backing up your Mom and Pop business or have a home dual zoning type of business, right now might not be the time to have a store front in a mall that is going out of business. Even if your business is doing great, if your mall goes under you will have to move your business and that could be very problematic for you.
If we move into a depression it might be important to have a good trade that people need like Doctor, lawyer, nurse, carpenter, electrician, plumber, something like that. In the great depression many people in finance and sales didn't have jobs. In a Depression if that is where we are headed, the people who survive are farmers because people need food, doctors because people always need doctors and nurses to stay alive, carpenters, electricians and plumbers because people always need home and apartment repairs even if nothing new is being built except solar and wind powered electrical generating stations. And that is another business that people will need workers for: Wind and Solar installers, maintainers and people who connect all this to the grid.
No comments:
Post a Comment