Yesterday after Christmas dinner I talked to a relative from out of state. He owns a local, brick-and-mortar music retail store.
Problems he faces:
His bank came to him and said, “There’s no way you’re ever going to make any real money based on what you’re doing and we don’t want the business. Sorry, we’re getting rid of you.” The banker remarked that contrary to what a lot of people would like, banks are not in the business of losing money.-Competition from Big Box stores, deep discount online retailers and Amazon. There’s no way he can compete with their prices…