Another Start-Up Business Is Out Of Business

Most things don't work out. Starting a business is a common example. Business founders make a life changing bold choice to invest in a business. Many invests. Few succeed.

I discover the retail start-up I worked from Nov 2013 to Sep 2014 closed. My guess their second location store closed approximately Sep 2020 by reading Yelp reviews. The first location remains open today. I approved their business plan selling high-end wine, beer, and sake at discount prices.

I initially worked at their first location under a partnership before their second location opened in Jan 2014. The owners hired qualified employees to serve the customers. The owners hired experienced managers. Back-end support were trained. I worked at both locations even though I was employed at the second location. All employees at the first location and second location worked at the first location initially. Revenues broke records during the 2013 holiday season. Morale was good. There was optimism the second store became successful like the first store.

The Honeymoon Period Was Short

Full-time and part-time employees began to quit weeks after the grand opening. Bad ownership became front and present. May 2014 solidified the freefall. Ownership fired the full-time manager. All employees agreed he was the scapegoat. I tip my hat the second location was open for at least six years.

A Commonality All The Companies I Worked At

I worked in five companies. Two companies were in the commercial real estate industry. Two companies were in the networking industry. The fifth company was in retail written above. All five companies have or had one commonality: bad management or bad ownership. One of the two commercial real estate companies went bankrupt and was acquired by a global financial intermediary. One of the two networking companies is the largest networking and telecommunications company in the world. I'm comfortable working at the company again in a heartbeat because all employees accept the bad management. The company is too big to fail.

Change Is Inevitable

I write "most things don't work out" as the first sentence which is a common wisdom. Here is another common wisdom repeated. Here is another common wisdom reminded. Give it time. The truth is exposed. Reality becomes clear and present. Actions happen. Consequences are the results. Rewards are earned. Punishments are administered. All of the above happens daily in the areas such as business, politics, science, sports, families, friends, acquaintances, education, manufacturing, and agriculture.

There are divorces. There are firings. There are layoffs. Relationships are ended. Partnerships are dissolved. There are contract terminations. There are companies stealing key employees or key executives. There are bankruptcies. There are foreclosures. There are evictions. There are catastrophes. Projects are cancelled. Employees are reassigned. Departments are shuffled.

Change happens for better or for worse.