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Joined 1 year ago
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Cake day: October 30th, 2023

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  • I used to like a certain Craftsman shovel from Sears. One day I had a job out of town and needed a shovel. I go to Sears. Sears didn’t open until 10 am. Bummer! I look across the parking lot and there is a big orange Home Depot (which opens at 6 am because they cater to contractors). I bought a shovel from them instead and went about my business.

    Now I liked Sears and felt bad enough about this to write them a letter. Never heard back. Where is Sears today?


  • It may be a bad time to start certain kinds of businesses, but that doesn’t necessarily mean it’s a bad time for you.

    In a book by Dan Miller I read about 20 years ago he said there were two main reasons small businesses fail.

    1. Poor marketing (ie not enough sales)

    2. Poor financial controls (ie spending too much money)

    It’s really that simple. You have to bring in more than you spend and keep doing it consistently.

    Only you can decide whether the business you are considering starting will be able to do that, but that’s what you need to do.