Hi,

Sound control went into administration a few weeks back which was a huge deal in the music industry. Apparently they turned over something silly like £60 million a year and to go bust on that is mind boggling. It is reported that certain suppliers lost upwards of £1 million, some even more.

I was trying to work out whether this is a good thing for me o not; on one hand it is one less competition company but on the other hand they were mainly a retail shop something I admired as there are lots of companies out there who trash there prices stick stuff on the web with little or no customer service and expect to do well.

It is reported that quite a few of the current "big boys" are going to take control of some of the shops. I wonder how they are going to be any different form Sound Control and also how they expect Supplier confidence when they have just lost millions; what are they going to be able to do that Sound Control didn't? I personally will never go down the route of having huge retail stores as I think that it will be impossible to survive that way. You have to stock too much, employ too many staff and incur too much costs i.e. huge rent. However opening a new shop is high on my priority list, albeit a smaller operation.

I see no reason why a shop half the size of the Sound control stores wouldn't do well and this is how I will expand creating a fantastic atmosphere in the shop also.

These are testing times for the music industry, it will be those that are smart enough that will survive because if you aren’t prepare to go bust!