The toy industry held up well during the recession. Still, Sallie Kashiwa, owner of Timbuk Toys in Denver, Colo., is not hiring anytime soon.
"We are stable for right now," said Kashiwa, who actually opened a location in 2009 when the economy was still in recession. Today, she has three retail locations, a warehouse and 30 employees. She's not hiring, but she isn't firing either.
"We already have things very tightly organized," she said. "We really can't run on a smaller staff."
So she is going to hold off on expansion.
"I have taken on way more risk than most people would do on behalf of creating jobs," she said. "But at this point, I know that I simply can't take on any more risk. I feel I am tapped out."
Los Angeles is just one of 10 most affordable cities for doing business, according to a study by PricewaterhouseCoopers and the Partnership for New York City. More
|Dollar Tree buying Family Dollar in $8.5 billion deal|
|Zillow buys Trulia for $3.5 billion|
|Smart people buy generic brands|
|ESPN responds to commentator Stephen A. Smith's remarks about domestic abuse "provocation"|
|Top 3 traits of a great boss|