Which businesses are going to go under?

[Nobledeedsandhotbaths]

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?

Giffgaff's £10 goody bag has unlimited calls and texts and 15GB of data.

www.giffgaff.com/

Pret and Costa have struggled with the whole WFH thing. Call me cynical, but the calls from government to get us all back into the office do massively benefit office landlords, newspaper publishers (most print newspapers are sold to commuters), and the coffee chains you see in every station and on every city corner. Amongst others.

Debt-heavy chains are the most vulnerable to a recession - Pret and Pizza Express are both examples of chains that are heavily in debt.

I'm lying (not intentionally lol).
I think I used to be on 5gb and that was 11 per month but with sky you roll over data so I've reduced it to the 2gb per month (£6 per month) as I have 100GB saved up.
Shop around. I don't need unlimited data on my phone as 1. I don't leave the house too often so I use my wifi when at home and 2. I discovered the very obvious notion of downloading podcasts/movies/music on my home wifi.

I tend to notice that when companies are offering freebies, they're usually about to go under. They're not doing it out of generosity.
The one I've noticed recently is Ocado who were offering 90p delivery for a new order. They're clearly feeling the pinch I would say. Or maybe anticipating the pinch lol.

Money laundering requires a way of getting illegally obtained cash income onto the books in a way that's plausibly legitimate. Certain types of business are cash-focussed and 'extra' cash can be slipped into the takings without arousing suspicion of the authorities.

They're also usually businesses that employ a lot of immigrants (they keep quiet).

I think it will be interesting I don't imagine Apple or Samsung going out of business but I also think a lot of people will be cutting back from getting the latest iPhone and holding onto their current one or getting something cheaper.

Hello Fresh or similar models and those other cook at home boxes also seem to be offering freebies so I suspect they're also bracing for impact.

They're well-cushioned so they won't go out of business but the share price will drop in the new year I suspect. It really depends on the global impact as they're not reliant on any one economy.

I'm sure there'll also be some people who will also see this as an excuse to get rid of a no longer wanted pet.

I own the sum total of 0.0188 shares in Apple. 😂
I was given a £2 partial share in Apple for free when I signed up to Freetrade. The value now is £2.58. I can't remember when I was given that but it was certainly at least 8 months ago.

I would open an Off Shore account.....

There's another thread about a hen do and how expensive it is. I wonder if these hen extravaganzas, overseas weddings and the like will decline in popularity.

It was over a year ago! 9th of August.
As you can see, it is dropping. It's still up from over a year ago, but I'll be like Leonardo DiCaprio shouting SELL SELL SELL if it drops more. I can't be losing my £2! 😁

Oh, it has to be done. I'll be creamed with taxes lol. Would you go with The Isle of Man or the Cayman's?

Jersey

Will they be able to absorb this amount? I'm not sure they'll take it on. 😆

Risky. I'll give you £1.98 no questions asked. See you by the docks, 8pm

Do you think I'm a mug? I'll sell you Amazon though. Those bastards fluctuate worse than me with PMT!

For your big day? NO!
Of course they will.

I know I am in denial about it all at the moment.

If possible I won't give up the children's extra curricular activities.

I will cut back on eating out and take aways and coffees when out and about.

The businesses that weather the storm will be the ones that are popular with the younger population who still live at home as it’s unlikely they will be as impacted by rising costs unless parents pass on via an increase in board , even then they’ll still be more fortunate. So Nando’s and popular bars should be ok

That's easy for you to say, with your Off Shore account.

Very true but a lot of them are trying to save for mortgages so house prices will influence their spending too.

You should see my full portfolio. 😊