Return of the Small Business
Posted by High CD Rate on 2009/03/12
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Is this the return of little guy?
Big corporations are cutting costs where ever they can. Stores are closing (Virgin Megastore in downtown San Francisco has been a landmark for years and they’re going out of business.) With the current recession layoffs are rampant, common, and inevitable. What will all of these unemployed people do? Hopefully they’ll tap into their skillset and open up businesses of their own.
Rents will go down since there will be many vacancies. Locals might become loyal to these new small businesses. What has the man done for you lately anyways?