Report Reveals Statistics About Business In America
NASHVILLE, Tenn. - A new report estimates nearly 10,000 stores will lock their doors for good by the end of the year. The resources are out there to help small business owners avoid becoming a statistic.
Pharmacist Andrew Finney has years of education to help him get the job done, but running the business end of the operation is a different story.
"That's something I didn't train to do in pharmacy school," says Finney.
The new partner in one of the state's oldest pharmacies has gotten some on the job training from the Tennessee Small Business Development Center.
"They send out constant emails for how to manage, how to use resources in a down economy. Some of those things have been real beneficial," says Finney.
Getting the message out to small business owners is Charles Alexander's job.
"There's tons of resources available to them, they just need to take advantage of them," says Alexander.
Alexander runs Gallatin's Small Business Development Center. He feels cash flow is one of the biggest problems people face right now.
"Especially the ones carrying accounts receivable who aren't getting paid immediately, some of them not at all. They're have a difficult time making their payroll, paying their insurance, their rent," says Alexander.
Alexander says there are no quick fixes, but a good plan can save most any business.
"Only one way to approach it and its old fashioned and cheesy, but you have to sit down and create a goal of where you are trying to go," says Alexander.
Tennessee's Small Business Development Centers are located throughout Middle Tennessee from Clarksville to Columbia and many places in between.