| He finally had to close his doors, not because of the | | | | expensive and he had to sell more and more to pay |
| economy, but rather due to the accounting and | | | | for the triple-net lease, and things were moving well, |
| management issues. Specifically, he had over a long | | | | but that meant he was forced to produce more and |
| period of time built up his business from scratch. He | | | | more inventory, but this meant he could never be |
| made furniture as works of art, beautiful stuff and | | | | one with his customer as before. He hired a sales |
| had developed quite a reputation for himself. In fact, | | | | staff to work the stores mandatory hours; 10AM to |
| he did not even have a showroom, he simply set up | | | | 7PM, as per his lease agreement. |
| on the main road outside of town and folks stopped | | | | He had trouble finding the right people and they |
| by to purchase his hand made furniture and told their | | | | often sold the furniture too cheap or failed to give |
| friends. | | | | customers cash receipts. He eventually had to close |
| Eventually, the city expanded and then disallowed | | | | the store, even though it was making money, even |
| road-side sales, so he went and got a retail space in | | | | though he had so much demand he could hardly keep |
| the old revitalized section of town. Unfortunately, he | | | | up. All due to cash flow, management and mostly |
| was selling so much furniture that he could not be in | | | | due to accounting problems, unable to see where he |
| the showroom all the time, rather, he had to be in | | | | was; he had no snap-shot of his financial situation. |
| the workshop, something that only he could do, due | | | | Thus, he could not get a loan, move his business to |
| to the artistic talent needed. | | | | the next step or capitalize on all the goodwill, he had |
| The center in "old town" was very nice, but | | | | created over the years. Think on this. |