Thursday, December 27, 2012

New Year: New opportunities

    

      It has been a very bad year for Renshaw Music.  The store closed the year before and this past year was largely spent dealing with the effects of this business problem.  The word entrepreneur has in it's root meaning "to undertake".  To go into business is to take on risk and learn.  The owner sets the course of the business makes changes as the business climate changes.
      New piano sales have been almost non-existant since the economy took a nose dive.  There are still those that appreciate a fine piano and a new Steinway grand can cost close to 100K so selling used pianos has found a new market.  I am planning on moving into the rebuilding market.  Many of the great American brands that were pushed out of business by these market forces are great candidates for a rebuild and after a good rebuild can rival these new Steinway's that break the bank.  A rebuilding shop can be located anywhere and the depressed market in South Florida presents an opportunity which I plan of taking advantage of.