By Rudy Armstrong
With today's economy not doing well at all, people are doing all they must do to try and provide an income. As weeks and weeks go on their is still less hope that people have but not for this one lady named Vanessa Cooreman Smith. Mrs. Smith's dream while in college was to start her own boutique; which she did. With the economy not stable the Smith family had to sell their home to keep the business running. This is not going to be a easy transition, especially with a 3 year old baby. The Smith's are now going to have to look for a smaller house and could even face bankruptcy if their business does not do well. The Smiths's stated "As companies continue to lay off tens of thousands of employees each day, the Smiths aren't worried about getting a pink slip. But running their own businesses brings no less anxiety." While in a tough economic status small businesses are exposed to decrease in sales. Furthermore, owners face an increasing problem which is getting credit because of frozen lenders. According to the U.S. Bureau of Labor Statistics, "Sixty-six percent of businesses survive past the first two years." On the contrary, Cooreman Smith's shop, Flourish Boutique, sell an array of women's designer clothing, accessories and artwork, but her store is no exception to the rough economy. She says her store is still gaining market share in her town, but sale have still been very slow since October, and there have been times where there were no phone calls at all.
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