CommerceCubes

Brick and Mortar Business Problems

I was just checking out Nathan Water’s blog earlier today. He has an interesting story about Brick and Mortar type businesses and the reasons some of them fail. I personally think that today in business you need a custom solution that involves the best practices of existing brick and mortar business while spicing it up with new technologies such as RFID, e-commerce and new bar coding and inventory applications. Having a fuller solution will put your business miles ahead of your competition. If you don’t you’ll just get left behind.

I like the point that Nathan makes here…

Heck, even when you go bust the offline business bites harder than the online one. A majority of online businesses can be run with little costs, but if you do need to close-up it’s just a matter of taking down the website, sending out a mass notification mailout to your customers and perhaps selling the site/domain. If an offline business goes under, you have un-sold stock to worry about selling, you have customers you need to notify, you have lay-bys you need to fulfil, you have shop fittings and office furniture to remove, rent contracts to get out of etc etc.

Source: http://www.nathanwaters.com

So have a read and post your opinion.

Lucas