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?

To cheer myself up I've bought a lovely high tech gilet (Rab cirrus vest if anyones interested ) to beat the chill this winter.

I'm buying them for all the family. We'll need them. They're last years stock so on sale now but prices bound to go up as we head into Autumn.

No more clothes buying for me unless it's practical stuff like thermals

A pub that has survived since 1909...

Manufacturing:

I just read of a cafe in our local town whose energy bill is predicted to go up from 10k to 45 K. Very hard to see how small businesses like this can survive.

They can't without massive government intervention in the energy market.

Leaving things to "the market" will destroy the British way of life as we have known it.

As fast as possible we need to build the infrastructure to be energy independent in electricity, stop burning gas to make electricity and take back control of the energy sector and nationalise it.

Energy should be run for the benefit of our country, our economy and our people, not for profit.

There is also the disabled.who can’t go out,can’t save on power by being out the house or using less.either mentally or physically they are stuck in the house,often with equipment or routines that require power.they are in their homes 75%more than those who are well.so can you imagine the thought of your gas price going up,add 75% and being ill,often worse off,often helped less.
add to that their support will be lessened even more which doesn’t seem even possible for adult care to be any less!

should razor’s and waxing be added to the list ….. is that why skirts get longer?! ;-)

care homes by the look of things

twitter.com/skynewsthompson/status/1565400085839728642?s=21&t=yy01H19P35Dd5EpeifEC0g

Sheffield care are not for profit but still a business.

It’s ok mad nads says we just have to live within our means
the schools, hospitals, care homes etc just have to cut back more.

Child care and nurseries is going to be tricky as well isn’t it.

There isn’t a nursery in the country that can absorb those sorts of prices.

Nurseries are in large buildings (relative to a shop with a similar turnover) and they have to be heated. It isn’t possible, not without raising the fees by about 25% - 30%.

Counselling / talking therapies . How many people can afford £60 + an hour . Sad as mental
health is so important

Think it is already becoming a case of, which businesses will survive.

Assuming the government does nothing.

Indeed! I wish we did.

Yes 3 of us have been havibg counselling this year and DH and I are dropping ours due to cost. DD will continue. It's been a hard few years for our MH!

You are quite right. Many Eastern European workers had excellent numeracy skills and were good at logical thinking and problem solving (all that chess?). Consequently, lots of organisations were happy to have relatively few experienced qualified accountants and lots of relatively underpaid spreadsheet workers.
After a long period of stagnation, my income has tripled since Brexit - on the plus side, my tax bill now pays the wages of two nurses.

RPA will automate a lot of the traditional accountants work

@RunningSME My work involves decision-making for the future, not keeping score of the past. I'm not being automated anytime soon, but the downward pressure on salaries was felt by all of us.

I think you mean book-keepers. Accountants tend not to do the number crunching drudgery that is being replaced by bank feeds, data transfers, and AI.

But at least most small businesses can claim it back. Nurseries have to pay it but can’t claim it back. They are 20% worse off than any other business.

That was why I said a lot not all.

Lots of dog owners will be having a go with their own clippers.

Energy prices may be a nail in the coffin for pubs, but other factors have been at play for some time. Service levels have dropped post Brexit and the rise of AirBNB and greater local food outlets (especially in urban areas) means pubs and inns are spreading overheads less efficiently. Some will survive, but many others will not and those that do will be those where one partner has other earnings.

Nail bars, car washes and fried chicken shops are notorious for money laundering due to the high cash easy to fiddle the books nature of the business

A Breaking Bad fan right there!😄

🤣

Though they missed off laser tag!