Thursday, October 15, 2009

VIDEO: How not to liquidate a retail store

http://www.youtube.com/watch?v=r6NRLnbnuic&feature=player_embedded

This video shows the harsh reality of a small business owner (a hardware store) going out of business. Usually a large company will let a liquidator handle their closing and getting rid of the merchandise. But small business owners don't have extra money to pay a liquidator or are not willing to give a share of the profits. So like many small business owners they go in independently and try to liquidate themselves. This video shows what happens when a foreclosure goes wrong.

2 comments:

  1. This video is very interesting. I never knew how much time and energy just went into liquidating a business. I thought it just sold like everything else.

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  2. Sometimes it's worth it to spend the extra money.

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