Actions

  Print Article
  BookMark Article

Categories    Category List

Arts & Humanities
  Books & Authors
  Dancing
  Genealogy
  History
  Performing Arts
  Philosophy
  Poetry
  Theater & Acting
  Visual Arts
Beauty & Style
  Fashion & Accessories
  Hair
  Makeup
  Skin & Body
Business & Finance
  Advertising & Marketing
  Careers & Employment
  Corporations
  Credit
  Insurance
  Investing
  Personal Finance
  Renting & Real Estate
  Small Business
  Taxes
Cars & Transportation
  Aircraft
  Boats & Boating
  Car
  Insurance & Registration
  Maintenance & Repairs
  Motorcycles
  Rail
Computers & Internet
  Computer Networking
  Hardware
  Internet
  Programming & Design
  Security
  Software
Consumer Electronics
  Camcorders
  Cameras
  Cell Phones & Plans
  Games & Gear
  Home Theater
  Music & Music Players
  PDAs & Handhelds
  TVs
Dining Out
Education & Reference
  Financial Aid
  Higher Education
  Preschool
  Primary & Secondary Education
  Special Education
  Studying Abroad
  Teaching
Entertainment & Music
  Celebrities
  Comics & Animation
  Horoscopes
  Jokes & Riddles
  Magazines
  Movies
  Music
  Polls & Surveys
  Radio
  Television
Environment
  Alternative Fuel Vehicles
  Conservation
  Global Warming
  Green Living
Family & Relationships
  Family
  Friends
  Marriage & Divorce
  Singles & Dating
  Weddings
Food & Drink
  Beer, Wine & Spirits
  Cooking & Recipes
  Ethnic Cuisine
  Vegetarian & Vegan
Games & Recreation
  Amusement Parks
  Board Games
  Card Games
  Gambling
  Hobbies & Crafts
  Toys
  Video & Online Games
Health
  Alternative Medicine
  Dental
  Diet & Fitness
  Diseases & Conditions
  General Health Care
  Men's Health
  Mental Health
  Optical
  Women's Health
Home & Garden
  Cleaning & Laundry
  Decorating & Remodeling
  Do It Yourself (DIY)
  Garden & Landscape
  Maintenance & Repairs
Local Businesses
News & Events
  Current Events
  Media & Journalism
Pets
Politics & Government
  Civic Participation
  Elections
  Embassies & Consulates
  Government
  Immigration
  International Organizations
  Law & Ethics
  Military
  Politics
Pregnancy & Parenting
  Adolescent
  Adoption
  Baby Names
  Newborn & Baby
  Parenting
  Pregnancy
  Toddler & Preschooler
  Trying to Conceive
Science & Mathematics
  Agriculture
  Astronomy & Space
  Biology
  Botany
  Chemistry
  Earth Sciences & Geology
  Engineering
  Geography
  Mathematics
  Medicine
  Physics
  Weather
  Zoology
Social Science
  Anthropology
  Dream Interpretation
  Economics
  Gender Studies
  Psychology
  Sociology
Society & Culture
  Community Service
  Cultures & Groups
  Etiquette
  Holidays
  Languages
  Mythology & Folklore
  Religion & Spirituality
  Royalty
Sports
Travel

Online Now    Online Now

Author Login    Author Login

Welcome Guest! Please login or create an account.

Username:

Password:



Navigation    Navigation

ADS    Featured Author

ad

ADSDisclosure

Should I shut down my shop?

Author :

Submitted : 2018-06-15 04:34:13    Popularity:     

Tags: shut  shop  

I had opened a shop last month selling only soft drinks as per demand but unfortunately the business is really low.
Now rent is due as well as wages for a worker and that means taking a huge chunk of money out of m own pocket.
Im starting to hav

Answers:

Do you have enough startup cash saved to generate ideas that bring customers to your location (because business doesn't just come to you) therefore money pay the bills with by the end of next month or more? In other words, you need a marketing plan.

To protect yourself against various future contingencies, google and grab a cpy of the U.S. Small Business Administration's PDF "Checklist for Going Into Business".

Even if you shut down now, you can take that time out to plan, for success. Marketing should be local and cost little or nothing (like social media, flyers, posters, etc.).

First look, THEN leap.

I would be willing to bet the term "Business Plan" is something you've never heard before...

Did you have a written business plan before you opened, that had reasonable projections showing you could make a profit, and do those projections still sound reasonable? If yes, you might try to give it a little longer, then re-evaluate. If no, then you probably should shut it down. Other than possibly on a busy beach, a shop selling only soft drinks would have lots of challenges.

if you want to see if this will work, do all of it yourself, let the help go, you don't need them

What have you done to increase business?

Start with a simple business plan and financial projections to understand whether the business is viable.

U will still have to pay the rent - u signed the lease

"as per demand"..... from what you said, I'm not seeing any. You need to rethink your business plan.

Usually folks enjoy drinking fizzy drinks but, it also depends on location of the store and what the weather is like. I would recommend you also sell take away as well otherwise you may end up losing your business. Alternatively you could try to move to a better location or work there yourself



Good
Back Homepage
Back


Article Source:
www.Aphotolog.Com

Answer Questions