Well after being in a job search for more than half this year putting a number of my previous advise and suggestions to practice has assured me of one thing it hard work trying to find work. After doing my own thing since 2005 it has been an awakening to re-visit the possibility of re-entering the regular workforce. The level of flexibility you have being self-employed seems to be more than a typical 9-5 but it really depends on what you are doing. I believe there are many that would say doing your own thing is like working 7-24 because when you are not working it, it is working you. So as I have mentioned before don't be too quick to believe the grass is greener doing your own thing but at the same time it may be the best answer for you. I left the regular workforce for a number of reasons over and above another lay-off. It was also a realization that if you could combine a job or career with something you loved, than doing it wouldn't seem like work at all. I opened not one but two discount dollar stores between 2005-2009 and while I enjoyed every minute of the operations of the business making enough to stay in business was a whole other subject. Timing is everything they say and that was no exception in this case. The economy was taking a serious downturn and while on the surface a discount store would sound like the place to be at the right time. However in reality the competition increases in hard times with everyone getting into the game because every customer counts and discount areas started to appear in every store in the community. Yes not just Wal-Mart but every store like Target, TJMaxx, Michael's, Party City and the list goes on. This is not to mention true dollars stores that have a corporate source buying in volume from the same suppliers as an independent discount store owner like myself at 20-30% of the cost. Then to make matters worst is the age old small business start-up adage of location, location, location coming into play big time. We were able to acquire a space at about 1/3 of the cost per square foot our neighbors were playing but lesson learned, start small and grow big versus the other way around. It all seems so obvious after the fact but my belief it is only a mistake if you don't learn something from it. So considered a store like Dollar Tree that is practically the only true dollar store left because they can purchase out a volume that most other stores cannot compete. It is my observation that Dollar Tree has actually expanded the size of their stores, product lines and advertising a right move given they will be seeing a whole new customer base that at one point had no idea what they carried and could really care less. Amazing how times change and in so many cases remain the same, there are probably quite a few people who still remember the old discount store of the past Five and Dime, long before Kmart, Wal-Mart and the like.
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