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Closing? Going Out Of Business? Start Over With a New Online Business Model

By: Bruce Wood Click author's name for more of his/her articles

For seventeen years I owned a small chain of decorative home accessory and art galleries in Southwest Michigan and Chicago. They were wonderful shops. They had great staff and tremendous overhead and many hidden 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 small business 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 small business 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 starting capital requirement, without the hires, warehouses, trucks, and without the heavy hours of day-to-day operations in 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, locale is everything when deciding on a business address. If you open in the wrong location, your establishment will not survive. Some of my stores were in upscale neighborhoods in Chicago where the residents had lost their jobs. While the customers were downsizing, my cash flow evaporated. 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 business in a new region, 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 enterprises. No heavy start up investment, no inventory, no leases, no employee hassles.

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About The Author: 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. www.BruceWood.Net