Eight years ago in August, Cathy Daum was quilting as a hobby and buying supplies at Columbus' three quilting specialty stores when she suddenly found that her choices of stores had dwindled to one.
One of the stores converted to a gift store, the second one closed because the owner decided to retire and Daum said she found the third and only remaining store 'too unpleasant to deal with.'
Within 24 hours of recognizing the problem and the possibilities, Daum decided to open her own quilting store and she began business the following April. The U.S. Small Business Administration's 504 loan program helped Daum purchase her first store on Broad Street, and expand the size of the building from 2,000 square feet to 5,000 square feet.
Being a systems engineer by profession, owning a store was quite a change for the aspiring entrepreneur. However, from day one, the store made a profit, said Daum.
Business was so... Read More