Page 11 | Which businesses are going to go under?

Nobledeedsandhotbaths · 2022-08-26T22:45:23+00:00

I've been thinking about the upcoming crisis and wondering which 'non-essential' businesses are likely to lose most custom once things begin to bite. Things like: Tattoo artists Nail technicians Children's party entertainers Just for a few examples. There are many others I would class as non-essential that will potentially be ok because their client base is the wealthy, who will be less affected by what is going to happen. What are other people's predictions for businesses that may struggle?

DogInATent · 27/08/2022 11:59

mam0918 · 27/08/2022 11:31

*cant see

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Fish and chip shops are already closing. There's a limit to what people will pay for a fish supper, and it's not a business with high enough margins to absorb the huge increase in costs.

If you run a Google search for chip energy closing you'll see a lot of reports on this. If you focus on the results from local/regional papers you'll see lots of actual examples (rather than just the national tabloids speculating on future closures). This has been quietly going on for several months.

BerryBerryBerryBerry · 27/08/2022 12:01

I bet tobacco sales don't fall, ditto I bet dope dealers won't have to go without.

TooMuchToDoTooLittleInclination · 27/08/2022 12:04

kirkandpetal · 27/08/2022 00:06

Totally agree. OPs ancestors were prob those old ladies that sat and knitted at the beheadings/hangings.

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@Nobledeedsandhotbaths

im sorry but I agree with them

giving you the benefit of the doubt, I assume you didn't mean it the way it's come across, but it does have the vibe of 'who is going under first'. 'Who is going to suffer most'

Misunderestimated · 27/08/2022 12:05

@Damnautocorrect i never understand the mentality of cutting council type jobs, it encourages local jobs and local spending. I’m sure an economist knows the figures if it balances out or not.

My local council is appalling, largely because few of the managers and employees live locally, with many services farmed out to other councils. There are a lot of gas pipes being fitted, but all of the labour is contracted to firm hundreds of miles away, so the wages and overtime ends up elsewhere.

Faeriepath · 27/08/2022 12:07

RunningSME · 27/08/2022 10:06

I think people should also be careful not to slit their own throats if that little shop selling gifts goes out of business because you’re tightening your belt, That means that the council aren’t collecting council tax from that business the knock on effect is that yours will go up to compensate we are all a huge ecosystem that are reliant upon each other and whilst I’m not saying go and buy trinkets you don’t need. I will definitely still continue to post birthday cards, to have lunch out once a week when I’m in the office at an independent shop, use public transport where I can. We need to oil the wheels otherwise they fall off.

I agree, i went into my local 'little shop selling gifts' yesterday, bought a couple of items and was pleased to see it was busy.

I will be sad to see cineworld go as it is v convenient but cinemas have expanded massively in the last 15 years. We've gone from having nothing within 15 miles of us to having 2 within 3 miles an

Faeriepath · 27/08/2022 12:08

. .And a 3rd being built. Can't be sustainable i wouldn't think.

TooMuchToDoTooLittleInclination · 27/08/2022 12:10

Superspender · 27/08/2022 00:46

Hairdressers... Ours have up their prices this year three times... Fair enough they have to look after their bottom line but I need to look after mine too. My priorities are heating my home & feeding my kids so I've cut out the hairdressers completely & do my own colour, 5 quid a box., can't tell the difference... Also saves me time as I don't spend 2 hours waiting around the hairdressers... I lob on the colour, do my toenails & a bit of housework while I'm waiting, wash & dry... Saves me more money by not having to drive & pay for parking 😍

@Superspender my worry is the god damn mess I'd make in the bathroom that might stain the bathroom tiles! I stopped having mine coloured at the hairdressers ling before covid started because despite many attempts it wasn't great, but the dudes at the front are getting a bit too grey for my liking. I want a bit of a boost, but yeah, worried about the potential ruining if my lively bathroom tiles. Eek

Trying20 · 27/08/2022 12:17

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Damnautocorrect · 27/08/2022 12:19

Diverseopinions · 27/08/2022 11:58

Not so much thinking of types of business, but I think that those who have children will be hardest hit. I think standards for children are more non-negotiable.

A single person could live and doss in one room and turn of heating in rooms they don't use; greatly increase their hours in the workplace to be warm there, even shower there, and to generate more income; eat the discounted supermarket ready meals, leaving it till the evening itself to decide what to have; entertain friends to stay for a contribution, go to lodge in a shared house or take in a lodger.

Odd ways of saving money, like lighting a garden bonfire and baking food over it, would just be so much easier without little kids running around. There's a bit more leeway with using wet wipes to clean yourself and wearing jumpers for a few days than when you are sending your kids to school and under the scrutiny of staff there. And, single people can 'choose' to make sacrifices: to be uncomfortably chilled to the point of not sleeping well, whereas parents cannot inflict that on a child. And children have important nutritional needs for their health, whereas adults have laid down the corner stones of strong bones and health, during their own 'easier' 80s, 90s, 70s childhoods.

Yeah I agree with this.
if your single it might be affordable to go to the gym for hours after work, shower there instead. Come home have toast for dinner or a sandwich.

you can’t do that for kids. That’s before you’ve got mum guilt about everything they are missing out on.

Damnautocorrect · 27/08/2022 12:21

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I don’t think they meant it will be easier. Frankly, a lot of that sounds fucking miserable. I think it was meant that it’s easier to sacrifice yourself.

TooMuchToDoTooLittleInclination · 27/08/2022 12:21

Irishgene · 27/08/2022 05:15

I'm a sole trader joiner (female btw) and work from a workshop at home making bespoke furniture items, hoping not to jinx anything but business is good right now.

Best of luck!!

target the high earners & you'll be fine 👍🏻

RunningSME · 27/08/2022 12:21

This is what pisses me off when you read on Facebook about single people not getting any support and why is it always families that get handouts. When I was single with two arms and two legs that worked if I was in the shit financially ie I couldn’t go out on Saturday night and have nothing new to wear. I just took on extra hours at work or if you really need to be you took on an extra job, none of those options are available to parents.

Trying20 · 27/08/2022 12:24

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Trying20 · 27/08/2022 12:27

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TooMuchToDoTooLittleInclination · 27/08/2022 12:28

Spudlet · 27/08/2022 07:07

Don’t know how I’m going to do. I’m a sports massage therapist, and a pretty new business (started up this year). I suspect some clients will need to cut back but the ones who come because they’re in pain - I think they’ll stick it out if they can. I have a few clients from the construction industry, so I’m hoping they’ll be ok. Some that I reckon even this will bounce off them. Some who are able to claim their costs back so they should be ok too. It is a worrying time though, I’m worried for myself, and my clients, and my business, and my colleagues - other therapists and the salon I rent a room from.

My strength is that my overheads are low and many of those are directly related to the amount of business I do - so for instance, if I’m not working, I’m not generating laundry with electricity costs. My room rent is ad hoc, my insurance paid annually. I have fixed costs of just over £100 monthly, in the shape of a small loan that I’m using for a home treatment room and my online booking and client management system. Even if things go very badly wrong, I should still be able to cover that. So I might have to batten down the hatches a bit, but I should make it through.

@Spudlet wishing you all the best! X

BooseysMom · 27/08/2022 12:32

But people apparently won’t pay £8:50 for fish and chips (average cost now). And I guess having the fryer on all the time is expensive.

The owner of a chippy was on the radio the other day and he said exactly this. He's only just breaking even charging the same as before, and in order to make any profit at all, he would have to charge £15. So he doesn't put the price up as he knows his customers won't pay it.

TooMuchToDoTooLittleInclination · 27/08/2022 12:37

organisedmother · 27/08/2022 07:49

We own a garage and our electric bill has trebled it is astronomical now, it will not affect trade as people have no choice but to continue to maintain a car, it just means we may have to add a couple pound to everyone’s bill to cover it the new cost, as we are r making any more money to cover it and we wouldn’t want to close as people will lose their jobs etc

That's a thought. I've just booked my car in for its Annual Service & MOT. I hadn't really considered how much more expensive it might be this year, better brace myself! I don't blame them at all, I just hadn't really thought about it, I guess because I need it, I like them - I wouldn't shop around just for a better price. So yeah, it is what it is I guess!

I hope things work out ok for you!!

Damnautocorrect · 27/08/2022 12:38

TooMuchToDoTooLittleInclination · 27/08/2022 12:37

That's a thought. I've just booked my car in for its Annual Service & MOT. I hadn't really considered how much more expensive it might be this year, better brace myself! I don't blame them at all, I just hadn't really thought about it, I guess because I need it, I like them - I wouldn't shop around just for a better price. So yeah, it is what it is I guess!

I hope things work out ok for you!!

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There’s a massive skill shortage in the automotive industry at the moment. Lots are retiring and there isn’t the youngsters joining.

Damnautocorrect · 27/08/2022 12:40

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No I agree. It would be a miserable relentless existence wouldnt it.

TooMuchToDoTooLittleInclination · 27/08/2022 12:42

SuziLikeSuziQ · 27/08/2022 07:51

Already closed my children's parties/ family events business. Just wasn't getting the bookings to make it worthwhile anymore.

According to some on this thread, it's my own fault. Thanks, makes me feel good.

@SuziLikeSuziQ

honestly there's one poster in particular that likes to go from thread to thread putting people down & posting UTTER bullshit. others sometimes get a wee kick out if it too.

sadly a lot of small businesses will go under & through no fault of their own. Not because they're not nice decent people with good businesses, just because the economy is in a BAD place.

I'm sorry about your business, it's gutting.

TooMuchToDoTooLittleInclination · 27/08/2022 12:51

notanoccultexpert · 27/08/2022 08:11

Not your average business, but I've been running an ebook website for 10 years. I take old, out of copyright books, format them nicely, and offer them for free in a variety of formats (pdfs, epubs, Kindle, and some are also available as online text). I ask for donations, but I also sell curated collections. It never earned a massive amount, but I love doing it, and it's kept my bills paid for the last 10 years.

Tuesday I've got a trial day for a full time job because sales have dropped so much (so have donations), I can't survive on what I'm making. I'm not giving up the site, I'll just have to cut back on how many books I add (usually 1 a day).

It's sad because it's been a joy and like I said, never a massive amount of money, but enough for me. No longer though :(

That's a shame it's not generating enough money for you now, but I'm pleased you're able to keep it going, even if on a reduced basis.

I can't lie, I don't actually understand what you do, but it's obviously a well used service, it's a shame donations have reduced. Have you thought about charging a nominal amount instead of scaling down?

best of luck for Tuesday!

daisychain01 · 27/08/2022 12:55

worriedatthistime · 27/08/2022 08:40

@daisychain01 thats totally rubbish being good isn't enough to keep you going or in a job
You have a great run restaurant but if people can't afford to come through the doors you will shut
You could be the best employee but if a business goes under you don't have a job
I wonder if some people actually see whats going on around them

Business always need good people / staff to get through recessions. People are the life blood of organisations, with the creative ideas, innovations and work arounds and ways to cut out waste from their processes. I've worked in companies during significantly challenging times, and many of the lessons I've taken have come from getting through the worst of timeS, not the best of times.

Business with strong products will always have customers, they will get a larger slice of the pie ie market share, because the weaker companies will fold. There will always be demand for consumer goods, of course there will be a lower volume during a recession, but they will tick along on a lower margin. Then when they come out the other side they won't be starting from scratch they will already be there ready to increase and build on their lower base. Start up costs for business are always a significant drain, if you're still in business you are ahead of your competitors.

The fact you can't see that, doesn't make that commercial fact "rubbish" it just means you don't personally agree with those realities. We're all entitled to our own opinions, that's fine,

YoureMyWifeNowDave · 27/08/2022 12:55

InsanityRocks · 27/08/2022 08:46

@notanoccultexpert would you please pm me your website address?

Me too please, it sounds like it’s just my kind of thing!

TooMuchToDoTooLittleInclination · 27/08/2022 12:57

gogohmm · 27/08/2022 08:18

It's for this very reason that we intend to continue to support our normal local businesses as much as possible, we are far more fortunate than many because our mortgage finishes in November! High income too, so we will be donating the £400 to the energy help scheme here in town, supporting the food bank and sticking to our normal barbers, hairdresser (I only go every 6 months), pub routine and meals out to help those businesses, they need the custom, we can afford it

@gogohmm

thats lively that you're donating the £400 help to people who need the help. I think you'll be an exception to the rule, sadly.

it's also great that you're in a position to still support your local businesses.

im trying to 'buy local' as much as possible, but I don't help much as I don't buy much (from anywhere) and unfortunately I can't get the things I do buy locally! Our village has turned into a string of takeaways & real estate agents. Plus a few businesses (accountants, funeral directors etc).

TooMuchToDoTooLittleInclination · 27/08/2022 13:02

Livelovebehappy · 27/08/2022 08:18

Husband is decorator and still getting lots of work through. We were concerned as decorating is something you can try yourself, or postpone - not a necessity. But I think the real test hasn’t begun yet. We will see the consequences in a couple of months, especially with Christmas too. I think though that once the Tory leadership is sorted, the government will do something to help.

@Livelovebehappy

does he have any advice on how to find/choose a GOOD decorator?

I used to do it all myself, but after an accident (NOT decorating related!) I am unable to now & need some help.

I'm a fussy bugger, so I want someone who is going to take the time & care over it.

arghhhhhh