{"id":9,"date":"2008-01-22T09:11:07","date_gmt":"2008-01-22T03:41:07","guid":{"rendered":"http:\/\/thirdeyesight.in\/blog\/?p=9"},"modified":"2008-01-22T09:11:07","modified_gmt":"2008-01-22T03:41:07","slug":"a-day-in-the-life-of-a-small-retailer-2","status":"publish","type":"post","link":"https:\/\/myechoproject.com\/TES\/a-day-in-the-life-of-a-small-retailer-2\/","title":{"rendered":"Life for a Small Retailer"},"content":{"rendered":"<p align=\"justify\">Management consultants, the media, financial analysts have had one phrase tripping off their tongues the last few years &#8230; &#8220;organized retail&#8221;. &#8230; The growth of &#8220;&#8230;&#8221;, the inevitability of &#8220;&#8230;&#8221;, the power of &#8220;&#8230;&#8221;<\/p>\n<p align=\"justify\">Some highly visible people have even made statements that essentially mean &#8211; &#8220;if you want to play at the table of retailing, bring big money with you, because stakes have now risen, entry barriers have now gone up&#8221;.<\/p>\n<p align=\"justify\">In our opinion, nothing could be further from the truth &#8211; retail is fundamentally an entrepreneurial business, and even today, you can start with one shop, or even a corner in a shop.<\/p>\n<p align=\"justify\">We did write about it in May 2005 (read here : &#8220;<a title=\"Playing with the Big Boys - May 2005\" href=\"http:\/\/thirdeyesight.in\/articles\/Playing_with_the_Big_Boys.pdf\">Playing with the Big Boys<\/a>&#8220;), prompted by some of the profound observations people were making on the inevitable demise of the small retailer.<\/p>\n<p align=\"justify\">Typically the only people who seem to talk about small retailers amongst these loud voices are the market associations when an &#8216;organized&#8217; retailer opens a store in or near their market, and those activists who despise anything that has a whiff of corporate.<\/p>\n<p align=\"justify\">In that context, it is interesting to read the <a title=\"Squaring Up To Survive - BusinessWorld (28 Jan 2008)\" href=\"http:\/\/www.businessworld.in\/content\/view\/3421\/3519\/\">BusinessWorld article by Vishal Krishna, M. Allirajan and Manashwi Banarjee titled &#8220;Squaring Up To Survive&#8221;<\/a>. It mentions companies that are enabling smaller retailers to streamline their operations, and describes what individual store owners are doing to compete with Big Business.<\/p>\n<p align=\"justify\">Yes, things are tough for small business people, but don&#8217;t write them off just yet. Almost every business that is big today was once very small.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Management consultants, the media, financial analysts have had one phrase tripping off their tongues the last few years &#8230; &#8220;organized retail&#8221;. &#8230; The growth of &#8220;&#8230;&#8221;, the inevitability of &#8220;&#8230;&#8221;, the power of &#8220;&#8230;&#8221; Some highly visible people have even made statements that essentially mean &#8211; &#8220;if you want to play at the table of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[265,215,60,43,1],"tags":[110,195,70,65,358,209],"class_list":["post-9","post","type-post","status-publish","format-standard","hentry","category-entrepreneurship","category-food-grocery","category-india","category-retail","category-uncategorized","tag-entrepreneurship","tag-modern-retailing","tag-organised-retail","tag-retail","tag-small-retailers","tag-unorganised-retail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Life for a Small Retailer - Third Eyesight<\/title>\n<meta name=\"robots\" content=\"index,follow\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myechoproject.com\/TES\/a-day-in-the-life-of-a-small-retailer-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life for a Small Retailer - Third Eyesight\" \/>\n<meta property=\"og:description\" content=\"Management consultants, the media, financial analysts have had one phrase tripping off their tongues the last few years &#8230; &#8220;organized retail&#8221;. &#8230; The growth of &#8220;&#8230;&#8221;, the inevitability of &#8220;&#8230;&#8221;, the power of &#8220;&#8230;&#8221; Some highly visible people have even made statements that essentially mean &#8211; &#8220;if you want to play at the table of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/myechoproject.com\/TES\/a-day-in-the-life-of-a-small-retailer-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Third Eyesight\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/thirdeyesight\" \/>\n<meta property=\"article:published_time\" content=\"2008-01-22T03:41:07+00:00\" \/>\n<meta name=\"author\" content=\"Devangshu Dutta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thirdeyesight\" \/>\n<meta name=\"twitter:site\" content=\"@thirdeyesight\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/a-day-in-the-life-of-a-small-retailer-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/a-day-in-the-life-of-a-small-retailer-2\\\/\"},\"author\":{\"name\":\"Devangshu Dutta\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/person\\\/3387e3e154639976110997bbfd794504\"},\"headline\":\"Life for a Small Retailer\",\"datePublished\":\"2008-01-22T03:41:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/a-day-in-the-life-of-a-small-retailer-2\\\/\"},\"wordCount\":256,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#organization\"},\"keywords\":[\"Entrepreneurship\",\"modern retailing\",\"organised retail\",\"Retail\",\"small retailers\",\"unorganised retail\"],\"articleSection\":[\"Entrepreneurship\",\"Food &amp; 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