About a month ago, Dave Magnuson learned he'd have to leave a downtown Minneapolis food court where he'd run the Walkin' Dog hot dog joint since 1991.
A renovation of the three-building Northstar complex that began two years ago had finally reached the first-floor food court. A leasing manager said he'd be welcome to come back when it was done in 12 to 18 months.
But at age 63, Magnuson instead decided it was time to retire. No more waking up at 4:30 a.m. to have time to pick up some supplies and be downtown by 6 to start preparing food. He closed Walkin' Dog on Friday.
"It's a year, a year-plus to wait," he said in an interview a few days before he closed. "I just don't think I will have the motivation to restart all the things I deal with all day, every day."
The decision to close a business happens hundreds of times around the U.S. every day, a rate that's accelerating as baby boomers retire. Half of the nation's businesses are owned by people older than 55.
But to the person deciding to close, it's one of those heightened moments in life, like marriage, divorce, the birth of a child or the death of a loved one.
We give it far less attention than those moments. The greeting card industry notices only with generic "congratulations" cards. There are no photographers who cater to recording the last days of a business.
However, the emotional journey of a person closing a business — or retiring or making a career change — is often deep and long. At the heart of it is something akin to what we experience when we leave high school or college. Those are the first times in our lives when we let go of a large batch of friends and acquaintances.