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chronyx

How's Business?

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Any small business owners care to share how things are at the moment, and any forecasts you might have?

From my point of view, busy enough right now, but with a big black hole approaching.

Will the second coming of the London implosion have any effect?

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It will have some effect if your relying on hocking your wares to bankers and other financial sector workers.

I don't, but I expect people further along the chain might!

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As a sole trader, I`m busy moving household furniture and deliveries. Been trading many years though. Prices are being forced down, but my overheads are low, so I`m relaxed enough. I wouldn`t like to be starting a business at this time..

I get the feeling that money is tight all round though, and its only people who are lucky enough to have been cushioned from this general downturn that are still spending.

Edited by GinAndPlatonic

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Things are going pretty well from our vantage point. I'm on the board of four small/medium companies and heavily involved with another four across a variety of sectors. With one exception (hit by the oil price fall) demand is growing and we look likely to see reasonable growth this year. There is also upward pressure on wages in a number of sectors (including some "blue collar").

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Sole trader,import 100% from China,sell on Ebay,Amazon and webbie.

November and December the best iv ever had,but hard to judge as i started to use Facebook to advertise then.The products i pointed the adds to sold very well.

Jan also very decent (i have a product line that sells very well in Jan every year)

Feb getting quiet but is always a poor month.My summer stock landing now.Test will be March/April onwards for me.I sell garden furniture from March onwards.

Lots of deflation in selling prices ,input costs slightly up due to $/£ but shipping rates rock bottom (40 foot high Cube about £1400 Shanghai to Felixstowe).

All my stock if from re-invested capital,no debts at all,so i can easily sit out quiet periods.Low interest rates hurt though as competitors with lots of debt and who should be out of business can hang on and trade.Hence the zombie economy.

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Scientific instruments that are used in a number of sectors.

Hard to say regarding own shipments as they are too low volume and too specialised to gauge ecomonic activity, but the business is well placed to appraise manufacturing in general as it sources many components from a wide variety of large suppliers.

I would say many of my suppliers are starting to become more aggressive in trying to secure business and are starting to discount after many years of price rises. My guess is that there is a downturn in manufacturing underway.

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