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Created with Fabric.js 1.4.5 Now Is The Time To Open Your Own Business 2014 has been a brutal year for many big box retailers, primarily those in the office supply industry. Soon after its merger with Office Max, Office depot saw slumping sales at many of their locations. An announcement soon followed that the mighty office giant would be closing 400 stores by the end of the year. Their competitor, Staples, has also been struggling the past few years to maintain a steady profit. That store will have closed 144 locations by the end of 2014. So where does this leave the industry of office supply? Many business analysts would agree that online retailers like Amazon would be an easy alternative. However, there are still more that 40% of American consumers who prefer to shop in a physical environment as opposed to the virtual world of online retail. In addition, there are many consumers who browse online for a product, then find a physical location where they can purchase the item. The reasoning really boils down to three things. A) The consumer wants to feel the product for quality; B) They simply don’t want to pay or wait for the product to ship or C) They aren’t savvy when it comes to the internet. 2014 has been a brutal year for many big box retailers, primarily those in the office supply industry. Soon after its merger with Office Max, Office depot saw slumping sales at many of their locations. An announcement soon followed that the mighty office giant would be closing 400 stores by the end of the year. Their competitor, Staples, has also been struggling the past few years to maintain a steady profit. That store will have closed 144 locations by the end of 2014. So where does this leave the industry of office supply? Many business analysts would agree that online retailers like Amazon would be an easy alternative. However, there are still more that 40% of American consumers who prefer to shop in a physical environment as opposed to the virtual world of online retail. In addition, there are many consumers who browse online for a product, then find a physical location where they can purchase the item. The reasoning really boils down to three things. A) The consumer wants to feel the product for quality; B) They simply don’t want to pay or wait for the product to ship or C) They aren’t savvy when it comes to the internet. 2014 has been a brutal year for many big box retailers, primarily those in the office supply industry. Soon after its merger with Office Max, Office depot saw slumping sales at many of their locations. An announcement soon followedthat the mighty office giant would be closing 400 stores by the end of the year. Their competitor, Staples, has also been struggling the past few years to maintain a steady profit. That company will have closed 144 locations by the end of 2014. So where does this leave the industry of office supply? Many business analysts would agree that online retailerslike Amazon would be an easy alternative. However, there are still more that 40% of American consumers who prefer to shop in a physical environment as opposed to the virtual world of online retail. In addition, there are many consumers who browse online for a product, then find a physical location where they can purchase the item. The reasoning really boils down to three things. A) The consumer wants to feel the product for quality; B) They simply don’t want to pay or wait for the product to ship or C) They aren’t savvy when it comes to the internet. We live in an instant and demanding world, where consumers want their products now, and the online retailers have yet to advance to that type of logistical technology. Amazon is still a few years away from a proposed plan of “same day” aerial drone delivery. First and foremost, they must successfully leap a series of hurdles and pass the smell test fromthe FAA (Federal Aviation Administration) who has said they would review the proposal with other aviation experts in order to consider all the safety factors of allowing an unmanned aerial delivery service to operate in busy airspace. With the 40% of all American consumers preferring that physical, real time shopping experience, the absence of the big box retailers leaves a void that ultimately requires an instant demand for office supplies. The solution could be smaller, turnkey stores that specialize in selling those supplies to fill that void. Perhaps, the public has grown tired of the big box retailers changing the landscape and culture of their neighborhoods, or perhaps they are finding themselves in a state of nostalgia, longing for things to return to the way they once were before big box retailers moved in. Now just might be the perfect time to open a business and take advantage of the demand that’s being left behind. It’s not a new idea by any means. However, it’s a more realistic idea than it was when the big chain stores invaded. Opening a small business would have surely meant disaster, due to the heavy competition. Today, it’s a reality that is in control of the independent entrepreneur, who’s dream has always been to own their own business. It’s a David and Goliath story that may begin to fulfill those dreams of business ownership.
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