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| The Art Store with George Granoff |
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| With big-box retail
experience ... |
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| New York City, Los Angeles,
Pasadena, Oakland, Berkely, San Diego: In this show we visit with George
Granoff, a corporate executive turned entrepreneur and small business owner. He
bought and turned around a failing group of art supply stores. Now he is in the
fast-lane for growth. Ever since graduating from college, he's worked in huge
retail companies. He learned a lot. Then he took those years of experience to
apply to a bankrupt chain of retail shops, The Art Store. |
| George's extraordinary business experience taught
him much about scale, critical mass, and volume. Having run huge retail chains,
George just couldn't imagine a business that is so small you can't enjoy the
benefits of size. |
 To start a business from
scratch would be too slow for George, so he bought an existing business in
distress. The Art Store was a bargain. Like George, you don't have to start a
business from scratch. Buy a business! |
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| Small
Business 2000 Index |
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| Your
dream should include your exit strategy. |
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| Key Ideas of
this episode |
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| Learning More about Buying |
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| You can buy
an existing business. There are business brokers who function just like
real estate brokers. They're listed in the phone book. Be sure to work with
your banker, accountant, lawyer and friends. Maybe you'll find a good deal like
George. |
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The people you meet in each episode of the show
create value. They've worked through
Step 5
they hired employees; and then through
Step
6, they had solid growth and began seeing how the business could be
sustained beyond them.
In
Step 7
they realized that the employees and managers did better when they weren't
around. Now we'll review how they have completed
Step
8; they've exited at the top. To learn more, study the case study guide and
work through
Paths
& Steps. |
| Each picture above links to an earlier episode of
the show with a case study guide, transcript and video to go even
deeper. |
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