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Old 05-28-2011, 06:06 PM  
Pseudonymous
Photographer/Owner
 
Industry Role:
Join Date: Apr 2006
Location: Vancouver, Canada
Posts: 2,661
Yep it happens. It's not the old days of the industry, the older a business model is, the harder it is to make money.

The percent of mainstream businesses that fail is very high also. This is not really big news. But yeah, it's reminder that you have to run it like a business and invest much more money into it than you once did.
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Previous owner of SoloRevenue
Previous product manager @ Modelcentro.com/MCProfits.com, IsMyGirl.com, SMRevenue.com
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