Here's a quick look at two specialty dealers that changed their business models to adjust with the times. We'd like to hear about any major changes that you've implemented in your business and the measurable results they've generated. Email email@example.com.
MyerEmco was specialty AV dealer that offered custom services through eight stores. It hit peak revenue of $38 million in 2005 and closed its doors last February.
Today, Jon Myer, the former owner of the company, runs MyerConnex out of a 3,500-square-foot warehouse/office space in Gathersburg, Md. He is retrofitting a Logan Circle townhouse as a demonstration showcase. Profitable after five months, MyerConnex is on track to do $2 million annually as a custom technology integrator.