Archives for Business category

No exact date yet

Last year, I have decided to reopen my small store at home. It has been three years now since I closed it. I do not have plans of reopening it again, however seeing the empty room attached to our house made me decide to start the business again. I spent thousand to build it and seeing it everyday makes me sad. I feel guilty to my sister who gave me money to build it and start my own business. I already told my father about it and I am glad that he will support me and will give a share. In times like today where economic crisis is rising, it is best if we think of something that will make our day-to-day living be fruitful.

I have thought about that products and merchandise that I am going to sell in my small store. I have set the amount to be invested and make a plan on what strategy I am going to take to make the business profitable. Smiley Though I am not expecting a big income each day, but having enough to cope up the day-to-day expenses is good. My plan is to reopen the store early this year, but was not able to push it through because the sister does not have a babysitter to her son. It would be very difficult for me to look at the kids and the store at the same time. Two days ago, the father asked me of the date that I am going to open the store. Unluckily, I do not have exact date yet due to no one will look after the kids. I have talked to my sister about it and they felt sad of the situation. I just thought that it is not meant to be yet. I will just wait for the right time. Putting up a business needs perfect timing and good plans to make it profitable. Since I do not have exact date yet, I will just keep my plans and think of many ways. By the time all is set, I am ready to make the business profitable.

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The family finances me to put up a little store attached to our house. My father told me to manage it since I have finished a four years business related course. I am so happy because this is an opportunity for me to put into practice what I have learned from the course that I take. The business that the family puts up is like a little grocery store that will cater people living in the village and nearby. It was okay at first and I am confident that the business will be profitable. I did not expect that months later there are little stores has been put up. And because of those competitors, the store runs very slowly. I was caught unaware and with s blink of an eye the store will be suffering from bankruptcy.

The sadness that the family felt was double the sadness I felt. Though the family is not blaming me, I felt guilty because they have given me trust and support but I failed them. It was like a nightmare to me seeing the store is slowly dying and I do not know what to do. I regret that I am over confident that I will make the business profitable. I should have hire cary bankruptcy attorney the first time I started the business. So that when bankruptcy occurs, I am prepare and ready on what would be the best thing to do to surpass bankruptcy. I am planning to put up another business and this time I will hire attorney for bankruptcy to help me when this problem occurs.

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