The TV Plasma franchise store was opened in the center of my cities business district. After the opening ceremony in which the national anthem was sung I cut the ribbon and was in business. I had a fully trained staff of three employees and all I had to do was to watch over them. We sold four flat screened 40 inch plasma television sets with a price tag of eighteen hundred dollars on our opening day. After closing time I took my staff out to dinner for a celebration.
The second week in business we sold only two thirty inch plasma flat screens and one forty inch one. It was a bad week and hopefully we would do better in the future. Sales never got better and with a rent of ten thousand dollars a month I was going into my personal funds to keep the store open. After nine months of almost no business I threw in the towel and declared bankruptcy. I sold out my inventory to pay the creditors. My losses were over a million dollars and a broken spirit.
After losing most of the money my uncle Henry left me in his will I came to the conclusion that I was not born to be a businessman. I asked my old boss for my handyman job back. He hired me on the condition that I would never discuss my business failures with him. Since he was in business himself he needed to have a positive attitude. I agreed and became a successful employee.
Melpol http://www.associatedcontent.com/melpol
Published by MP
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2 Comments
Post a CommentThat franchise broker didn't give a sh*t about you and just wanted to make his commission to sell the franchise to you. Sorry to hear about your loss.
thanks for sharing your experience - i hope you are enjoying your old job again!