The shop is closed now
By Aniko Online
@anikoonline (3250)
Hungary
February 2, 2019 1:42am CST
I wrote my last post few months ago. That time a new shop opened here and I helped a lot. It was a second hand shop. It was full of clothes and bags. But it bankrupted in a very short time. It closed and now the owners are trying to be successful doing another business.
I feel sorry for the second hand shop, because I think it could be successful. As a new business, it didn't make enough profit. I guess it would have changed in a few months, but the owners decided to not continue.
6 people like this
5 responses
@LadyDuck (458207)
• Switzerland
2 Feb 19
@anikoonline Most stores need one year before being profitable. You are right it's a lot of money.
1 person likes this
@anikoonline (3250)
• Hungary
2 Feb 19
@LadyDuck I often think of having an own business, but then I think of how much money it would need and how risky it is.
1 person likes this
@anikoonline (3250)
• Hungary
2 Feb 19
Here it is at least 1 year, the new businesses normally start to make profit in the second year. Well, it takes a lot of money 'till it starts being successful.
1 person likes this
@yoalldudes (35040)
• Philippines
2 Feb 19
What is the reason? Is it not enough customers? Competition lowering the selling price?
1 person likes this
@anikoonline (3250)
• Hungary
2 Feb 19
Not enough money to survive the first few months.
And here it is not a good business to sell used clothes. We can buy new clothes very cheaply when there are sales. Sometimes the second hand stores are more expensive than the normal shops.
1 person likes this
@toniganzon (72285)
• Philippines
2 Feb 19
Maybe they didn't have enough revolving funds in the first place.
1 person likes this
@anikoonline (3250)
• Hungary
2 Feb 19
Yes, they told this when the shop closed. It was very risky to start this without enough funds.
1 person likes this
@Missmwngi (12927)
• Nairobi, Kenya
12 Feb 19
Businesses are not as easy as they look from outside
1 person likes this
@anikoonline (3250)
• Hungary
12 Feb 19
Yes, it takes a lot of time to make a successful business. And people need a lot of money 'till the business can make profit.
@anikoonline (3250)
• Hungary
2 Feb 19
Yes, it is. I've never had any business, because I think I am not brave enough to this challenge and its risks are too high for me.
