I ran a DnD campaign where an important shop was under the same owner for over 1000 years, a friendly copper dragon shapeshifted into a halfling, who discovered trading with adventurers was the best way to amass a hoard, they would go all over the world finding interesting things that they have no idea of the true value of, could you believe they'd trade this neat spider statuette that may or may not be mildly cursed for a boring old ring of protection because it "has no practical use" and it "makes them dream of the whisperings of elder gods"?
Inherit a business that been successful for over a hundred years, and be the one to fuck it up so badly they have to close it down? Maybe they should feel bad.
I have no sympathy for anyone inheriting entire businesses.
Just a pet peeve of mine, it's like complaining the Jedi couldn't stop Palpatine and that means they're all idiots with a silly religion or something.
They were the guardians of a multispecies Republic for ten THOUSAND years, and they curb stomped the Sith Empire everytime it tried to start shit. They clearly knew what they were doing.
What was the alternative? Seizing direct control of the government? Executing every Senator that looked a little corrupt?
Palatine played a game they couldn't counter without destroying themselves in the process. Sometimes you just lose...
was it 10 thousand years now? in the movies they alternate between saying "a thousand years" or "a thousand generations." i mean, either way i think your point stands, but still
There was a furniture store a couple of blocks away from a place where we used to rent an apartment. We lived there for 8 years and a going out of business sign was up the entire time.
I genuinely fucking hate “local” furniture stores. That industry seems slimier than car sales honestly. Sell dog shit quality products for hundreds to thousands of dollars and then are allowed to act like they are going out of business constantly. There are always furniture stores around me having “liquidation sales” and “going out of business sales” and literally none of them have ever gone out of business. If anything, they usually raise their prices before their next sale.
Taco Bell down the road from me has had their large sign out front saying "now hiring closers" for going on 4+ years now. Of course they haven't considered treating employees well and paying them fairly, yet. Prices went up though! Also this is in a very large city with no shortage of people who need work.
A rug shop near me spent from before 1990 though to 2010 "closing down" then they suprised everyone by closing down. They moved to a cheaper shopping centre, and have been operating there ever since
The same 80% discount they had always advertised was in action during the lead up to their move, and continues today
Going out of business for as long as whatever small taxes they have on the place can be payed. People will keep empty properties as long as it really isn't weighing on their pockets. Meanwhile there are people who can't afford roofs because of rents powers of magnitude larger than what the property owners have to pay for empty unmaintained properties. People want to point off to the richest where economic inequality is involved, but the reality is that it's usually a doorstop away.
There was an automobile repair shop were I lived that was the result of several properties getting bought up and being joined into a single one. It eventually failed and moved, but the business that bought it, who initially did so for logistics but later expanded beyond it, has now ended up using it as a glorified parking space even though the garage is a relatively small portion of the business, He's not willing to sell it, and is only willing to rent it above what it's worth, and doesn't care because he has to pay shit all to keep it.
He could even divide it up into multiple properties and sell those, since he's just using it as a parking space. But with what he pays for it, he doesn't have to give a shit. Hell, it might even be profitable for him as a tax/insurance writeoff for the rest of his business if some sort of natural disaster happens to it.
He's far from the only one, and the only local properties that have been bought nearby are those that have been allowed to be sold as housing, along with the markup that's associated with it.
Yeah, they really did have a good run worthy of being proud of.
I think a lot of people subconsciously think the businesses they see every day will be around forever, forgetting that nothing lasts forever. Least of all an entity whose driving goal is just to make money by any means possible for an aimless mob of shareholders headed by sociopathic elites. Any means possible isn't how you build the foundation of something that lasts decades or longer like this business.
What's really funny to me is how the same people who scream about survival of the fittest in capitalism are the first to approve of corporate bailouts. I'm starting to call it corporate socialism to see if it makes them hate bailouts due to the dreaded "s" word.
Sometimes it's a little more complicated than failing to adapt.
Sometimes there are challenges that happen that small business owners just can't overcome. Things like the price of the rent for the commercial space that goes up 200% because it became a prime location. People stop shopping at a small shop because the prices are a bit higher than mega stores like Walmart who can afford to have smaller profits on sales due to the amount they sell or even Amazon.
Next thing you know, these small shops that support your local neighborhood and pay the local taxes disappear and the big mega corporations, who are registered in tax havens and pay minimum taxes, take their place because they can afford it.
A green corner window with yellow signs posted in them.
The sign on the left reads "Established in 1883", where 1883 is in a rough, red 15-pointed star shape. A bold line separates it from the text underneath that reads "Going out of Business Forever!"
The sign in the right window reads "We Tried & We Failed"
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Had a furniture store back where I come from that just kept running the going out of business sale until they made a law about it. After a whole scandal about providing alcohol for his son's underage drinking party the guy leased the building to a indoor flea market for a while and then eventually turned it back into a furniture store and even has the balls to put his name back on the sign. Bought a mattress from him not too long ago, pretty fucking good mattress actually, especially for the price.