Retailers Forum Magazine May 2019

FORUM WORKSHOP
forumworkshop
Today’s business environment
can help you become a 21st
century retailer in ways you
may not yet recognize. One of
the results of the economic
transitions of recent years is that many qualified
people are out of work, eager for employment.
The store owner who seeks mature,
experienced help should find it easy to attract a
competent staff, as long as you offer the right
incentives. For some, retirement is not the eagerly
awaited milestone it once seemed. Others,
who lost their jobs, are embarking on
second or third careers, whether by necessity or
choice. Search among the ranks of these mature
professionals and you may find someone who
spent years developing the very skills you need
to make your business a success.
Such individuals could prove willing mentors
and concerned employees. Some entrepreneurs
should consider entering business with an
older, experienced person as a partner. Such a
joint venture may provide just the seasoning
you need to give your store a solid start. The insight
experience brings will certainly prove an
asset if you must seek outside financing for
your venture into retail.
When selecting a location for your store, expect
to meet developers and landlords eager to
please. The unbridled confidence of the 1980s
did not include plans for the recession and slow
growth that greeted the 1990s. Right now, retail
and office spaces are overbuilt in many areas.
Expect to be dealing with a landlord who’ll eagerly
negotiate rather than dictate. continued...
ATTENTION RETAILERS
SHORT + LONG TERM
BUSINESS LOANS
For:
Working Capital, Purchases, Equipment, Business Line of Credit
From
4.5%
www.RetailersBank.com
Page 58 MAY 2019 | RETAILERS FORUM MAGAZINE
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