Are Small Business surviving the financial crisis? 3rd October 2011 9:39 AM
The financial crisis seems to be stuck in a loop with doom and gloom, interspersed with hype and unrealistic recovery plans, to be followed by more doom and gloom.
The crisis has been rolling on now for years, and probably impacts just about every person on the planet in some shape and form, but is the constant turmoil having any effect on your business?
Talking to different business owners, you get the feeling that the financial crisis is only hurting medium and larger firms, as just about everyone I speak to says business is either picking up or booming.
Now is it a case that everyone is telling porkies, has their head in the sand, or are micro (in the UK, non VAT registered) and small businesses actually flourishing in these troubled times?
From our own experience, we saw our sales come crashing down in late 2008, and then in November 2010 things picked up and have been steadily growing ever since.
Is it we are benefiting from the increase of new businesses, as jobless people try their hand at self employment, or is there almost a separate small business market, that is shielded from larger market forces?
New businesses still need a website, hosting, marketing, insurance, an accountant, paperclips etc. But you may not replace your car as often or hold off moving house.
What does anyone else think?
The crisis has been rolling on now for years, and probably impacts just about every person on the planet in some shape and form, but is the constant turmoil having any effect on your business?
Talking to different business owners, you get the feeling that the financial crisis is only hurting medium and larger firms, as just about everyone I speak to says business is either picking up or booming.
Now is it a case that everyone is telling porkies, has their head in the sand, or are micro (in the UK, non VAT registered) and small businesses actually flourishing in these troubled times?
From our own experience, we saw our sales come crashing down in late 2008, and then in November 2010 things picked up and have been steadily growing ever since.
Is it we are benefiting from the increase of new businesses, as jobless people try their hand at self employment, or is there almost a separate small business market, that is shielded from larger market forces?
New businesses still need a website, hosting, marketing, insurance, an accountant, paperclips etc. But you may not replace your car as often or hold off moving house.
What does anyone else think?
