“What happens to the small businesses left behind?
Small-business owners may celebrate when a giant retailer like the local Wal-Mart decides to move away. But many small shops may be more dependent on the big box than they realize. How do they cope when the giant leaves town?
Twenty years ago, Wal-Mart opened a store in Bunkie, La., a small farming community whose main claim to fame is being the birthplace of renowned jazz drummer Zutty Singleton. In the view of Bunkie entrepreneur Craig Pujol, that?s fitting–he says the gigantic retailer?s primary effect on Bunkie was to pound the small-business community as hard as Zutty wailed on his snare drum. ?They ran 20 mostly locally owned businesses out of town,? Pujol says.”
– This story shows the attitudes of true entrepreneurs. Falling in love with your product or service or method of marketing can be your downfall. These entrepreneurs and their town politicians adapted to change and made lemonade out of lemons. The sign of true entrepreneurs. -ed.