Businesses on the up?

[RobM]

Are there many? Seems all businesses are struggling a bit/lot or closing down altogether.

 

[davewebbsbrain]

Are there many? Seems all businesses are struggling a bit/lot or closing down altogether.

The company I work for has just taken over all Admin and call centre for Prudential/M&G. Took over they're building, total refurb...The recession is definitely not affecting my employers!!

 

[Lester Bangs]

Like all recessions, there will be companies (and sectors of the economy) that thrive through it. Others will not be so lucky, I read this article a few days ago and thought it was quite a decent read if you can cope with all the 'americanisms'.

http://www.investopedia.com/articles/stocks/08/industries-thrive-on-recession.asp

 

[Cricko]

There is always huge amounts of Money to be made in a downturn.....the main thing is the Risk it involves....When to take that step forward of when to hold back. I am still on the fence at the moment but for sure will be looking for advantages in the new year.

I also feel terribly sorry for those that are suffering so much at the moment and could possibly lose jobs. I do not know the answer, it seems to me this is just the capitalist environment we have created....It's about survival now and that is kinda sad.

 

[RobM]

But how much suffering is self-inflicted? Some people have £000's on credit cards, loans etc. not to survive but to "keep up with the Jones's".

Maybe it's my age but I was brought up with "If you can't buy it outright, you can't have it". OK apart from the mortgage I have pretty much lived my life that way. I have no credit of any form and live my life within my means. OK I know I bought the MR2 but I'd saved for 2 years to buy it.

My house might need "refreshing" but it's mine all mine. I like that feeling.

 

[BrettieAngell]

My firm are splashing out a couple of hundred grand on a new machine the second in less than a year so we can't be doing too badly! The worrying thing is that if they keep going down that route then my part of the factory could end up shrinking or could even be obsolete!

 

[Southminster_Shrimper]

Our place hasnt been recruiting externally for a year atleast so hopefully that move sometime back will stand those already here well and any redundancies will be either at very much a minimum or voluntary.

 

[Cricko]

But how much suffering is self-inflicted? Some people have £000's on credit cards, loans etc. not to survive but to "keep up with the Jones's".

Maybe it's my age but I was brought up with "If you can't buy it outright, you can't have it". OK apart from the mortgage I have pretty much lived my life that way. I have no credit of any form and live my life within my means. OK I know I bought the MR2 but I'd saved for 2 years to buy it.

My house might need "refreshing" but it's mine all mine. I like that feeling.

People spend Money for different reasons..Whilst I agree with the simplicity of only spending what you have...Credit card firms/Mortgage Companies have for years encouraged people to spend now, pay later....You may be a very wise man Rob and were brought up in a certain manner, this unfortunately does not cater for most these days.Simple credit was dished out, people took advantage of it...it is always a two way street.

 

[Lester Bangs]

Our place hasnt been recruiting externally for a year atleast so hopefully that move sometime back will stand those already here well and any redundancies will be either at very much a minimum or voluntary.

Yeah 'natural wasteage' seems to be the way most companies are going, suspending recruitment and monitoring head count very closely.

 

[Sussex Shrimper]

If some reports are to be believed, the current economic climate is good news for Durex.

 

[Benfleet A1]

My line of work seems pretty steady at the moment. Been very busy the last week as an example. I suppose I am lucky in the sense that the last thing people will give up is their car and will use their breakdown cover more in the hope that we can fix them. Saying that, one of the biggest Rescue & Recovery companies in the country, Dragon Recovery, has just gone under. If they can't keep going then anyone could go the same way. It is a worry but I'm reasonably secure where I am and have just had another offer from another R&R company so things are looking not too shabby at the moment.

 

[Bazza the dog]

There is always huge amounts of Money to be made in a downturn.....the main thing is the Risk it involves....When to take that step forward of when to hold back. I am still on the fence at the moment but for sure will be looking for advantages in the new year.

I also feel terribly sorry for those that are suffering so much at the moment and could possibly lose jobs. I do not know the answer, it seems to me this is just the capitalist environment we have created....It's about survival now and that is kinda sad.

You are sopt on when you say there is alot of money to be made in times like this and luckily my company is doing just that through hard work and positive thinking.

Remember this, the chinese word for crisis consists of two verbs, danger and opportunity folks so its not all doom and gloom as our media seem to think.

 

[Crabby Shrimper]

Remember this, the chinese word for crisis consists of two verbs, danger and opportunity folks so its not all doom and gloom as our media seem to think.

Spot on.

i work in retail, and although it's not the best time for shops the company i work for are very much a budget store. They're also owned by one person, have very little (if any) debt, and are still expanding. Staff recruitment isn't happening, but then we've always been understaffed, so haven't been affected as much as some. Now, bearing in mind that property sales are down, and so's retail, you can imagine the price of retail property, so I should imagine that we're making some investments at a knock down price.

 

[Irate Ian]

People spend Money for different reasons..Whilst I agree with the simplicity of only spending what you have...Credit card firms/Mortgage Companies have for years encouraged people to spend now, pay later....You may be a very wise man Rob and were brought up in a certain manner, this unfortunately does not cater for most these days.Simple credit was dished out, people took advantage of it...it is always a two way street.

The old illusion of wealth based uon the perceived value of principal private dwelling house.

About time full time educators are required to teach the realities of managing personal financial affairs.

 

[davewebbsbrain]

The old illusion of wealth based uon the perceived value of principal private dwelling house.

About time full time educators are required to teach the realities of managing personal financial affairs.

Again I agree, kids should be taught how to manage their finances at school, before they get into the big bad world of making credit very east to attain, but often very hard to pay back!

 

[Irate Ian]

Again I agree, kids should be taught how to manage their finances at school, before they get into the big bad world of making credit very east to attain, but often very hard to pay back!

Parents with children of adult age, will testify that it is one of the hardest things to talk to them about. Far easier for third parties to do, strangely.

Many consider it private and off limits to discuss and some even think they know best, without having not had any or very little life experience.

 

[Mad Cyril]

Lidl and Aldi are expanding at the moment and are opening hundreds of new shops nationwide.

 

[Ulysses]

How about working for an FT100 company that is making record profits (we are talking £100m above profit estimates, but about £1billion) and then plans to lay off 100+ people from 2,000 workforce.

Is that up or down?