• Two Profiles of Small Business Struggles

    Sam Weller's books, by Michael Sauers on Flickr.com Some small businesses are struggling more than others these days. Independent bookstores and car dealers seem to be having a harder time than most. To be sure, in the case of independent bookstores, the problems preceded the economic crisis. But the recession has proven too much for many stores. Sam Weller's Zion Bookstore is one of the lucky stores. It isn't closing. It is only moving to a cheaper location and downsizing. Sam Weller's has been a fixture on Salt Lake City's Main Street for 50 years, but the double whammy of digital books and the down economy is forcing a change the owners had hoped to avoid. Tony and Cathering Weller appeared on KUER's RadioWest radio program to talk about their efforts to keep afloat, and the challenges of being an independent, small business owner today. Take a listen or download the podcast here . New Norris Chevrolet 900 car dealers went out of business last year, according to the National Automobile Dealers Association. About 60 of the dealerships that closed were in New Jersey. CNNMoney.com's Small Business senior writer Peter Valdes-Dapena writes that car dealers are facing extiction, and he profiles one of the closed businesses: New Norris Chevrolet in Westfield, NJ. New Norris Chevrolet's owner Larry Friedman says he was doing decent business, selling 50 cars a month before the economy turned sour. But in late 2008 gas prices rocketed up, leaving him stuck with lots of big trucks nobody wanted. Then, in the fall, the banking system went into a skid. New Norris's customers couldn't get car loans and GMAC, which financed his own inventory as well as his customers' purchases, started demanding big payments on all those unsold trucks and SUVs. So as is the case for independent bookstores, conditions that were bad before the recession have been exacerbated at exactly the worst time. Read the full article here .