Georgia Bookstore Hosts Fund Raiser to Eliminate Its Debts

Wordsmith’s Books of Decatur, GA has announced a need for cash to relieve their own monetary debts. The bookstore’s owner Zachary Steele is asking for donations through their Web site and they are hoping to raise between $15 and 25 thousand to begin to pay off his creditors.

Steele claims that the debt accrued has nothing to do with bad business, but rather he feels that he is making up for a bad start to the business, as well as covering for a recent business move that did not work out. The move was reportedly an attempt to get a big-name (though not named) writer to come to the store for an event and he says he was required to put money up front. He apparently did not get that returned to him in the event of the author not coming.

The store, in an attempt to make up for its “bad start,” has moved from a rather obscure location to a much more city-centered and customer-friendly location which Steele says has paid off for him and the store.

While Steele is asking for donations on his Web site, ranging from $10 to $500 amounts, he says he wants people to know that asking for handouts is a last resort. He also has a fund-raising event planned for the weekend of August 15-17, and it will feature several authors and musicians who are yet to be named. The event will be the close to the Web site’s collection of funds.