Trouble on the Horizon? More Stores Closing

Have you heard? 3500 Stores are closing all over the country in 2017. Here are a few notables:

  • Payless 400 stores store closing
  • The Limited 250 stores
  • Radio Shack 552 stores
  • JC Penny 138 stores
  • Ralph Lauren 51 stores
  • HH Gregg 88 stores
  • Game Stop 150 stores
  • Staples 70 stores
  • CVS 70 stores
  • Sears 150 stores
  • Family Christian 240 stores

BeBe, Crocs, Kmart and other retailers are shutting down as well, with thousands of people losing their jobs.

As  we watch these stores close, many people think it won’t affect them because they don’t work in retail.

However, there will be a ripple effect that could impact countless other industries:sears-closing

  • Security
  • Restaurants in area
  • Custodians
  • Public transportation
  • Smaller, neighboring stores
  • Bag manufacturers
  • Interior designers
  • Plumbers
  • Electricians

If these businesses are impacted, they may have to trim their staff as well, resulting in more people being laid off.

Some will look at these establishments and think they were not doing well, so it’s not a surprise they’re closing. This may be true, but the question still remains:

Where will these displaced workers find jobs?

Thanks to automation, many other types of jobs are disappearing as well or moving  to other locations across the globe. The world is changing, and it’s time to pay close attention to what’s going on and how it could affect YOU in the next 2-10 years.

The bottom line is this: Far too many of us are reliant on someone else for our ability to make a living. Companies can close their doors with little notice, leaving thousands of people with no way to pay their bills.

Then what?

It’s becoming more and more apparent that people need to look into starting their own businesses. It’s time to learn how to create multiple streams of income for ourselves. Who among us can confidently say they are immune from layoffs? How would you survive if you lost your job tomorrow? Next week?

NOW is the time to be proactive and do your homework:

  • What do you like to do?
  • What are you passionate about?
  • Can you earn a paycheck from that passion? wp-1484715097552.jpg

The most successful businesses are those where the owner truly loves what they do. It’s not a job to them, so they are willing to work hard to make it successful. This is key.

Thanks to the world wide web, we all have access to billions of people around the world. Out of a billion people, surely a couple hundred million can be interested in a service you can provide? It’s possible, but you’ll never know unless you try.

It’s time to seriously look into making your passion your profession, be it full time or part time. Running a business is difficult, but it’s not impossible. Increase your odds of business success and earning your own income by picking up a copy of my book Readi- Set Go! A Simple Guide to Establishing a Successful Small Business.

Pick up a paperback or Kindle copy on Amazon HERE.

Sometimes, we have to do things we don’t want to do, and that includes desperately looking for a job after being  laid off. Protect yourself and discover how to run a business doing something you enjoy before YOUR industry is in the news.

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