How Are Economic Changes Effecting Your Karaoke Business At The Start Of 2009?

[marklwood]

I can tell you in my area (SW Missouri) the bar business has taken a pretty big hit. My business is down 15% from last year. The beer companies have told me their overall business is down 10% and has shifted 25% to the package stores away from the bars. I am lucky that I have been in business for a long time and know how to trim the overhead. Out of the 25 bars in my town, 4 have closed in the last 6 months. I still have 2 employees, but if worse came to worse, I could still do it myself with a cordless headset. I don't see myself going to that extreme, but I could if I had to. In my first 5 years of business, it was just me. Then, thanks to karaoke, I have had to hire employees.