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Don't Be Surprised

Roller Skating started way back in the 18th century and over the years the industry has had its ups and downs. During the 1970's the industry was hot again when it was associated with disco music and roller discos. In1978 Hugo Stribling decided to take advantage of the industry's upswing, although he was a little late, and opened Hugo's Skateway. Several years later the industry started to fade again so he decided to build a giant Roller Skate right by the highway to get people's attention. It was a success but just for a short period of time.

Fast forward to the present time; Hugo's business has been bought and sold a few times and the facilities as well. The most recent owner of the roller-skating rink does not own the facilities and that turned out to be a fatal mistake. The facilities owner decided that he wants to go in a different direction and is evicting the roller-skating business. This will probably kill the roller-skating business, which still has significant debts to pay.

So, what do we learn from this?

  • Control the important things that help the business produce:

    • Facilities

    • People

    • Inventory

    • Etc.

  • Review and summarize important contracts and relationships

  • Understand where the business is exposed and ways to mitigate the exposure

  • Understand the ebbs and flows of your industry to better predict its future

Then, let the good times Roll!


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