Tag Archives: Business failure

What to Do When Your New Business is “Failing”

Build customer loyalty.   It’s easy to take this for granted until you don’t have it.  Our first retail business purchase in Nova Scotia involved a long-established business with a loyal customer base.  And the customer base was different than that of our new business in Smiths Cove.  There was actually some industry around Fundy’s Mountain General Store – fish plants as well as wharves from which the many lobster fishermen in the area worked.  There is only one year-round business near Three Little Bears: auto salvage/body shop.  Owners of a new business will…

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