​Why are you still in retail if it's not working?

​Why are you still in retail if it's not working?

Why are you in retail if it's not working?This Furniture Today blog by Doug Stewart, particularly point #2, may answer your question. Hopefully, many will find this eye-opening. The most difficult thing we see is, retailers that wait too long to make the difficult decision to close and the recovery and/or profit all goes to the creditors.


Why are you in retail if it's not working?
This Furniture Today blog by Doug Stewart, particularly point #2, may answer your question. Hopefully, many will find this eye-opening. The most difficult thing we see is, retailers that wait too long to make the difficult decision to close and the recovery and/or profit all goes to the creditors.
Tell us what you think about this story please....

Main Point (see the link at the bottom for the whole story)
Principle #2: Don’t let sunk cost sink you. It’s easy to get emotional about an investment that isn’t holding up its end of the bargain. We tend to hold on in hopes that things will turn around. This shows up in employees who are clearly not a fit, locations that are not producing, inventory that isn’t turning. The list goes on and on. When you realize you are not getting your investment back, focus on the best investment for your future, rather than the loss of your past investment. Quit as early as possible.

CLICK HERE to read the whole story by Doug Stewart.  

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