Jump to content

Recession is over ......hip hip ...


Mick Mac

Recommended Posts

'Raise your glass of cut price cava to celebrate the end of recession-before its too late.

We can talk ourselves into despond or we can at least have a bit of a celebration'. Says tonights Standard.

Lets try to be a bit more positive about the future. (ill have stella instead of cava.)

Link to comment
Share on other sites

When I jacked in my last ever day job in July 2007 to start a business I remember sitting in the Drum writing my business plan, over draft maxed and relying on a special Peroni credit system I worked out with Coops.....


Then when the queues started outside Northern Rock and I wondered if it was perhaps the worst single moment in history to do such a dumb thing. But with hindsight the recession has been good for start ups - you can start slowly with lower overheads (like our 3 year office lease in EC2 at 60% below re-recession rates), less competition and the chance to target a product at a customer who's now more cost aware without it disrupting a legacy cost ridden business model. We've also been darn lucky.


The recession has been a great time to start the right kind of business and we've actually benefited from it. My simple view on the wider economy is that we've been massively cushioned by artificially low interest rates and policy dictated by an upcoming election. Bottom line is that at some point we begin to pay it all back - and that simply hasn't started yet. It has to come from increased taxation and reduced public spending. And I'm keen to know what a Tory government would do for small business - e.g. increasing capital gains tax to the main higher rate of 40% will kill any entrepreneurial green shoots unless there are concessions for business owners.


We're not out the woods yet by any means really are we?

Link to comment
Share on other sites

SCSB79 Wrote:

-------------------------------------------------------

> what do you do MrBen?


I run a chain of curry houses on Lordship Lane from a head office in the square mile. All with different names but the foods exactly the same = nice economy of scale = winner.

Link to comment
Share on other sites

  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • I would look at the area between Dulwich and Herne Hill The link from Herne Hill station by Thameslink to St Pauls is superb. but it all depends on what rating ( 1 thro' 10) you give to each of the parameters you have identified.
    • https://x.com/ChitchClaire/status/1784852977515114873
    • You probably don't need to understand it better!! But basically you used to be able to drive up and down Court lane and Calton Avenue across the Dulwich village junction with gay abandon and now you can't because that part of junction is now blocked by multicoloured woodwork and planters.  So Dulwich village is split in half for vehicles and you have to drive a long round to get from one side to other.  Some people (the majority who responded to Southwark's seemingly flawed consultation) hate this, especially those living on roads to which the through traffic has been displaced and those who have to drive alot further to get from one side of DV to the other and some people like it.  The debate will go on forever without a happy ending for some of the people.  That's it really 🤔
    • We live in a half house on Pellatt road and did a loft conversion a few years ago. No complaints at all! The walls on the adjoining side (the side where you share the front door) is a bit thinner than a typical Victorian home so we can hear our neighbours going up and down the stairs but otherwise it’s good. 
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...