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How Is Business Compared To One Year Ago?

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How is the business you own or work for going? I'd be particularly interested in companies from 0 to 250 staff.

I never thought I'd say it a year ago but business is booming. Order values are much higher, volume of orders and reorders is much higher and the number of loss making weeks is a lot lower.

I have no idea why this is but most of my customers are reporting brisk trade.

Did we reach the bottom a little while ago and is the economy genuinely improving? I do understand it's all propped up by QE, ZIRP, etc but this seems to be the new normal now, despite threats of its apparent withdrawal later this year.

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I imagine manufacturers of closing down sale signs have some impressive year-on-year stats but wouldn't be a reliable barometer.

Plenty of people still have money in their pockets but I would say that the number of people not participating in the economy, at anything but the bare minimum level, has never been higher.

If you go in motorway services at the moment I find it noticeable that it seems they're almost exclusively patronised by the well off. Which suggests those on lower incomes can no longer afford to spend in such places or possibly no longer make car journeys of significant length at all.

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How is the business you own or work for going? I'd be particularly interested in companies from 0 to 250 staff.

I never thought I'd say it a year ago but business is booming. Order values are much higher, volume of orders and reorders is much higher and the number of loss making weeks is a lot lower.

I have no idea why this is but most of my customers are reporting brisk trade.

Did we reach the bottom a little while ago and is the economy genuinely improving? I do understand it's all propped up by QE, ZIRP, etc but this seems to be the new normal now, despite threats of its apparent withdrawal later this year.

You have not said what your business is nor in which area you live and trade. The answers may make your report more informative.

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I imagine manufacturers of closing down sale signs have some impressive year-on-year stats but wouldn't be a reliable barometer.

Plenty of people still have money in their pockets but I would say that the number of people not participating in the economy, at anything but the bare minimum level, has never been higher.

If you go in motorway services at the moment I find it noticeable that it seems they're almost exclusively patronised by the well off. Which suggests those on lower incomes can no longer afford to spend in such places or possibly no longer make car journeys of significant length at all.

I would agree with this 100%.

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I would agree with this 100%.

me too..........

out of my close business owning friends 4 are no longer "bosses"

my local high street has 2 more empty`s and 2 more charity shops :(

13 people are looking for work :angry:

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me too..........

out of my close business owning friends 4 are no longer "bosses"

my local high street has 2 more empty`s and 2 more charity shops :(

13 people are looking for work :angry:

Not every business is feeling so glum. But of those I know, 1 is more optimistic than for 3 yrs, another has said money is very tight and they can't raise prices while rising costs are squeezing them. More public spending cuts are causing soem knock on problems. Slightly more house sales and knock on sales going on.

However the bond time bomb/interest rate ramp up has started. It's all on a knife edge and could so easily crack. The most fragile almost non-recovery in my long life-time I have ever seen.

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My business fell off a cliff some time ago- but being an artist in the middle of the biggest recession in 80 years I guess it's not really that surprising.

One thing I do notice- having far too much time on my hands to wander around the shops- is a marked decline in footfall- there are just less people about in the towns I visit.

Being a 'consumer' without money is not as much fun as it sounds I guess.

There's a shopping centre in Reading that has been turned into a 'Zombie' experience- where paying customers can enjoy their own private apocalypse dodging shuffling zombies as they wander the mall.

I fear this business model has a limited shelf life because in the near future this experience may well be available for free in your local shopping centre. :lol:

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Website development/systems consulting

A mix of those wanting to cut costs, and those wanting to spend to try to gain USPs

So it balances. At the moment.

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How is the business you own or work for going? I'd be particularly interested in companies from 0 to 250 staff.

I never thought I'd say it a year ago but business is booming. Order values are much higher, volume of orders and reorders is much higher and the number of loss making weeks is a lot lower.

It's amazing what you can achieve borrrowing over £100 Bns pa from our kids.

2 years of mild growth is baked in UNLESS there is exogenous shock. (China?)

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I imagine manufacturers of closing down sale signs have some impressive year-on-year stats but wouldn't be a reliable barometer.

Plenty of people still have money in their pockets but I would say that the number of people not participating in the economy, at anything but the bare minimum level, has never been higher.

If you go in motorway services at the moment I find it noticeable that it seems they're almost exclusively patronised by the well off. Which suggests those on lower incomes can no longer afford to spend in such places or possibly no longer make car journeys of significant length at all.

100% what I noticed last month when i went on a long journey and stopped at a few...... Of course I only stopped for the toilet and a quick rest and certainly not to buy anything!

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Small business<10 employees.

Roughly the same as last year.

We are a bricks and mortar which the customers have to come to us to sample the product but market pretty much exclusively on the internet.

Only difference this year is I am spending £500 a Month on PPC which is giving good results. Last year we held a lot of good page 1 natural serp positions but Panda and other google messing about dropped us a page or two.

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You have not said what your business is nor in which area you live and trade. The answers may make your report more informative.

We're in advertising and marketing trading from Newcastle to customers across the UK.

Advertising and marketing is normally seen as a squeezed service during tough times. Most of the company's recent history has been hand to mouth battling for small orders but that seems to have changed.

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i work in the IT Trade. we have customer who imports items from hong kong/china and sells to the shops.

they have made 9 people redundant out of 35. Staff are really upset.

The items they sell are things you sort stuff buy when you have spare bit of money and are not essentials but seem like good idea at the time.

we have another customer who is recruitment consultant and that's just a mess. no one seems to be hiring general joe's at the moment.

My investment tip is Aldi. It seems much busier recently and seems to have taken business off tesco's.

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I might be wrong, but I think Aldi is privately held company so no public offering of shares available.

i work in the IT Trade. we have customer who imports items from hong kong/china and sells to the shops.

they have made 9 people redundant out of 35. Staff are really upset.

The items they sell are things you sort stuff buy when you have spare bit of money and are not essentials but seem like good idea at the time.

we have another customer who is recruitment consultant and that's just a mess. no one seems to be hiring general joe's at the moment.

My investment tip is Aldi. It seems much busier recently and seems to have taken business off tesco's.

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B2B Consulting in a specialist niche. 20 staff and 5 Contractors across EMEA.

Sales already up 400% on last year; revenues up 30% YTD (and last year was 35% up on 2011;) % EBIT down a bit, but solely due to investments in long term growth plan.

99% of our revenue is derived from Europe and Middle East, in places where what we do is valued - and where companies and/or governments have plenty of ambition to improve, and are sufficiently long-termist to find the budget to do it.

We do pretty much f**k all here in the UK. That's not just because of the recession - it's always been like that. We don't do anything related to banking, selling each other over-priced houses, making spurious PI claims, or short-term lining of troughing CEO's pockets, so there's not much for us here anyway, even in the good times.

The only reason I'd not want to see this country burn to the ground, tomorrow, is that my family all live here and are likely to need to in the future. Otherwise I'd happily put a match to the whole stinking edifice...

B

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I might be wrong, but I think Aldi is privately held company so no public offering of shares available.

I did not think about it. either way they seem to be doing well in the currently

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I imagine manufacturers of closing down sale signs have some impressive year-on-year stats but wouldn't be a reliable barometer.

Plenty of people still have money in their pockets but I would say that the number of people not participating in the economy, at anything but the bare minimum level, has never been higher.

If you go in motorway services at the moment I find it noticeable that it seems they're almost exclusively patronised by the well off. Which suggests those on lower incomes can no longer afford to spend in such places or possibly no longer make car journeys of significant length at all.

The few spending are on an expense account.....the rest eat before they leave and take a flask of coffee, motorway services are good if you require the toilet, not petrol. ;)

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I work for a large "premium" consumer goods company. The UK market has taken a beating, and still is due to consumers going for retailer own brands, i.e non "premium". I think a lot of consumers are buying "good enough" or sometimes less. The WE market not doing too well either.

Funny how when we went into this "downturn" the perceived corporate wisdom was that "premium" products do well in recessions because consumers want to pamper themselves.

What a load of bull. Weird when you work for a company that says and believe stupid shit - so I'm working on my 7 year plan of learning new stuff before things go belly up strategically for said company.

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I did not think about it. either way they seem to be doing well in the currently

Shame you couldn't have grabbed onto some of this:

Karl Albrecht retains ownership of Aldi Süd, and with a personal wealth of €17.2 billion, is the richest man in Germany, while the co-owners of Aldi Nord, Berthold and Theo Albrecht Jr., follow close behind at €16 billion. Dieter Schwarz, owner of Lidl and Kaufland came in third, with a fortune of €11.5 billion.[5]

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Shame you couldn't have grabbed onto some of this:

Karl Albrecht retains ownership of Aldi Süd, and with a personal wealth of €17.2 billion, is the richest man in Germany, while the co-owners of Aldi Nord, Berthold and Theo Albrecht Jr., follow close behind at €16 billion. Dieter Schwarz, owner of Lidl and Kaufland came in third, with a fortune of €11.5 billion.[5]

bet Tesco hate fighting aldi and lidl

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Shame you couldn't have grabbed onto some of this:

Karl Albrecht retains ownership of Aldi Süd, and with a personal wealth of €17.2 billion, is the richest man in Germany, while the co-owners of Aldi Nord, Berthold and Theo Albrecht Jr., follow close behind at €16 billion. Dieter Schwarz, owner of Lidl and Kaufland came in third, with a fortune of €11.5 billion.[5]

Here is something exceptionally clever that has not been mentioned on these forums.

You see Lidl and Aldi are smart in their "own brands". You don't get a Lidl value or Aldi "value range". You get some generic name, and looking closely you see it is "produced for Aldi/Lidl" etc

Tesco Value has a bad reputation for being awful. And recently it has had to re-brand that. But if Aldi or Lidl get a bad reputation with one of its generic foods, they can easily drop it and get something else in. Once a reputation is damaged it can take a long time for it to earn it again. The horse burger scandal is one example......

Edited by out2lunch

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bet Tesco hate fighting aldi and lidl

Oh...all big corporates hate free market competitions - but Tesco will manage, and the consumers will be the ultimate winners. (though not sure about the shop floor Tesco employees, whose welfares are being deeply cared for by certain posters here)

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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