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HEARTBEAT - Are They Killing Each Other? |
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By Jay De Leon - AFF
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Wednesday, 03 September 2008 |
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Just in the past year we have witnessed the sprouting of FilAm businesses in the retail, restaurant, and healthcare industry in United States. Some were change in management and/or expansion while others are really new in the arena. In West Valley (Phoenix) alone there were five stores/restaurants I can account for where three of them closed down for some apparent reasons. Recently, in a week time, two of the three owners have decided to quit conducting business. What’s the reason for all of these? Was it the economy? Was it the lack of business knowledge? Was it the scarcity of patrons/customers? Was it the competition? Whatever was the reason, I hope those owners were not hurt financially in a large scale. |
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