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Question - Topic: Business
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heresy-sniper
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Posted On: 2018-04-07 06:55:01
Viewed: 1409
Why do so many little and midsize shops close?

Because of high rents they have to pay?
Because of competition caused by e-commerce?
Because of the gap between rich and poor?
The impact by the gap between rich and poor?

My reasoning: common people have less and less money in their pockets which they could spend at little and midsize shops. The whole economy still makes very much profit, but the gained money is not in the pockets of the common people but lies on the accounts of a few extremely rich people which don't know what to do with their giant fortunes; they certainly don't buy the goods of small and midsize shops, and therefore many small and midsize shops go bankrupt.

Maybe, we have a kind of spiritual problem: the "heresy" of Adam Smith.
https://en.wikipedia.org/wiki/Adam_Smith

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cheaptvspots
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3 months 1 week ago

The answer, by most studies, is lack of experience and emotional decision-making. We have talked with thousands of entrepreneurs in our 17 years of business about their advertising needs, and we have studied what makes businesses work. Our research on business success has revealed that, according to U.S. studies, most new businesses do not survive the 5-year threshold. About 20% drop off the first year, and so on, until 80% of those businesses have closed at the 5-year mark. The biggest culprit is not competition (online or offline) or even availability of funding, but instead, an inexperienced owner's uninformed decisions, poor accounting methods, and emotion. Successful small businesses are typically started by people who have experience in starting companies, who are competent at understanding money, process, and customer service. For great examples of this, check out a few popular business shows such as The Profit, Bar Rescue, and even the dreaded Shark Tank.
masterweaver
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4 months 3 weeks ago

Because they can not compete with the large corporations that can offer the same products at a much lower price. People in today's market are in need of saving money and thus purchase the cheaper product if it is the same as higher priced products in other locations
DisWay
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3 months 6 days ago
Why can they NOT "compete with the large corporations "? WHY?
That is the question. Because large corporations, aka Wall Street backed Companies, have access to Billions and Billions of Dollars by just calling their Wall Street Pals, while typical small business can ONLY borrow Money and then they have to put up their Home as collateral to do so. Face it man: we have the most un-Free economy, where the ruling Elite, those behind Trump/Obama, get Billions as they want while US we have to borrow
cheaptvspots
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3 months 6 days ago
The question was "Why do so many little and midsize shops close?" If the idea is to simply attribute these closures to Wall Street, this is not much of a discussion.
Manfred009
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3 months 4 days ago
Yes, but the fact is that Wall Street Billionaire class are behind so many midsize shops close, because:

Wall Street based companies can get 100 Million Dollars or Billions of Dollars by just calling their Investment Bank pals who raise this Money via sale of Stock or Bonds, aka they can Print Money, while midsize shops can only get a relative pathetic $200K or $300K by putting their Home as collateral

How are midsize biz to complete in face of such disparity in access to Capital!
cheaptvspots
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3 months 4 days ago
Do you have a solution, or do you just propose that Wall Street is preventing you from succeeding at business?

So far, this discussion is fraught with the same complaints, but no usable business answers.

Wall Street may be a factor, for sure, but I'd like to see what people propose to do about it.
Manfred009
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3 months 3 days ago
Yes, the solution is staring you at the Face!
It is this Anoox collective. I am surprise you dont know that!
Check out:
https://www.anoox.com/donate_to_anoox.php

"Hence you as a small business operate at EXTREME disadvantage compared to Wall Street backed companies. But by coming together in this Collective union and supporting one another we can in fact be Richer based on our Collective support of one another."

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Bayon2017
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4 months 3 weeks ago

I agree with all the reasons stated above. Small and midsize shops try to survive but cannot compete with the giants of commerce. Unfortunately.
Manfred009
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4 months 3 weeks ago
Yes, exactly. Wall Street based businesses have access to 100s of Millions and Billions of Dollars, whereas non-Wall Street based businesses which is 99.99% of businesses have access to NO such capital and instead small businesses can hardly obtain even a relatively pathetic $100K!

And they call this totally rigged system: "Free Market Capitalism" Hary Har Har :(

I tell you all I can say is thanks GOD for this non-profit non-wall street Anoox to give us Small businesses a real hands up.
LiveWell-CBD_Oils
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4 months 1 week ago
I agree. It is difficult to compete with large corporations and the dollars they have at their disposal. The playing ground isn't level. Some other reasons for failures is lack of a solid business and marketing plan to bring in revenue to pay overhead and employee costs.
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palesoko
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5 months 1 week ago

This Answer has been blocked due to being Reported as Abusive or SPAM by members!
Manfred009
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5 months 4 weeks ago

Die system, besonders im USA, ist sehr rigged gegen klein Geschรคft. Aber das gleich problem ist passiert mehr und mehr heir im Deutschland und Europa, aber nicht als schlecht als USA wo die Wall Street cabal controliert die ganz Media und das regirung. und ja ich glaube auch das Anoox ist die besten suchmaschine fur klein geschaft zu ein faires Spielfeld gegen die groรŸen Geschรคfte der Wall Street zu haben.



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