Business creation is a lofty and challenging ambition for any entrepreneur, even one with considerable energy and the smarts to make an impact in a given industry.
Pedigree is obviously an attractive attribute in business, but it must be accompanied by profitability. Although Sears has stood strong on that one anchor for far longer than a century, the iconic retailing giant has failed to deliver on the bottom line in recent years.
At the established Manhattan business law firm of Rich Michaelson Magaliff, LLP, our deep legal team has "substantial experience covering many aspects of commercial law."
Tales of the storied but troubled toy retailer Toys "R" Us' demise might prove to be premature and ultimately unfounded. The once-venerable business that filed for Chapter 11 bankruptcy liquidation last year and was widely expected to be completely shut down might still "have a shot" at resurrection in some form.
There is a certain sense of accomplishment that comes with owning a business that has grown enough to need employees to get the work done. Of course, it can be difficult to give up some of the control over the process. However, when you can hire committed people to do great work, it adds an element to your success beyond your sales numbers.