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The Real Recession For Small Businesses Has Not Even Started Yet

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It's started. They just haven't finished burning through their life savings/loan secured against their house........coming soon, I suspect after an apalling Christmas trading period.

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It's started. ........coming soon, I suspect after an apalling Christmas trading period.

but wait , only last year our great leader was repeatedly saying he wanted to help small business's ,

hard working families , bla bla bla .........

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That sounds about right, we'd have to go back to 2007 levels just to keep every one in the same shit that they were in before this all happened. Add in 1 year of poor business and we'd be in a recession.

Of course we are in a recession, all the banks are bust, the government are bust and the people are trying to prepare for the 20 year storm that is coming.

I really do have to wonder if now is the right time to open my fair trade, ethnic sandal shop?

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I really do have to wonder if now is the right time to open my fair trade, ethnic sandal shop?

You sell something that meet my needs, I'll buy!

Comfortable. Robust and durable. Good sole with good grip on a wide range of surfaces. Extra brownie points if it's happy in water too. Oh, and did I say comfortable? Then just name your price!

(businesses should serve a real need. Decent sandals happen to be one :) )

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It's started. They just haven't finished burning through their life savings/loan secured against their house........coming soon, I suspect after an apalling Christmas trading period.

Yep, my business is about 60% of what it was 2 years ago.

Luckily, I haven't yet started burning through my life savings. Well actually I have, because

I've been scraping the interest off to pay the bills for some time now.

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Yep, my business is about 60% of what it was 2 years ago.

Luckily, I haven't yet started burning through my life savings. Well actually I have, because

I've been scraping the interest off to pay the bills for some time now.

I've been lucky more by accident than design. I'm sat on about four years of inventory by value, haven't got any debt beyond normal credit, asset finance (this wouldn't be possible for anything with shareholders). Also most of my leases are nearer the end than the beginning and there were plenty of excess staff and over overheads to swing the axe on.

If all else fails there's always the pre-pack.

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