Why Am I Sad About Hollywood Video?

Seriously, I am kind of sad when I see all the Hollywood Video's closing down. Not sad enough to get up and go into the video store, however. I like to think if it were a local owned by some residents who knew me by name when I walked in I would still go to a video store, but I haven't seen one of those in years...at least not near my house.

I feel a loss, it is an era ending... I am thinking that my daughter may never know what it is like to go into a video store and argue in front of total strangers over the choice between a romantic chick flick or a shoot 'em up and then eventually settle on a comedy you can both agree on. Not even seven years old when she wants to watch a movie she asks me to download it or get it on demand.

As a small business owner I wonder what this means . . . It's not just Hollywood Video, but lots of long time well established businesses are unable to keep their doors open in this economy. Without such large overhead, maybe this is time for the small business to thrive!

I read some great tips online recently about operating in a difficult economy. To sum it up:

1) Reassess your business model: A simple reassessment can oftentimes lead to increased efficiency and revenue.

2) Invest in marketing, it may be even more important now!

3) Find ways to cut back the budget, there is almost always something that can go.

4) Keep positive!

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