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Thread: On the ground around the country .... how is business?? .. local business, SME

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    Default On the ground around the country .... how is business?? .. local business, SME

    ON PAGE 20 I RESURRECTED THIS POST TO TALK ABOUT SAME AT THE END OF 2017

    This is directed towards people here who are involved in local business, SME's and the like. Either own the biz or are working for same or are customers of these local business'es.

    I am a small biz, just me based in south end of the country ..

    Recently, in general chit / chat with clients in different kinds of business'es and others I have been getting feedback that this year so far has not been great, especially last month or two, particularly since and around St Patricks day.

    Since the bust, business still has not settled to an even keel, those I talk to still find it up and down from one week to the next. Quiet a few say they are still just surviving, not making a huge amount. Some have said - peculiarly - that 2013 was relatively good, but a slight downward curve since rather than up.

    I did notice - this year more than last few years - conversely, quiet alot more people off to Lanzarote during easter break with the kids as it was a long break. Are people selectively saving / spending money for certain things?

    A small few business'es particularly in industrial supplies / services, construction & Legal / Solicitors said business has been good of late.

    Who I am asking is people on the ground in small local business all over the country, those who work for them and/or are customers.

    - Are things on the up for your business or not?
    - Are things getting alot better or just a little better or same or worse?
    - Have you noticed an upturn in business this year / recently? Have you noticed a dip this year / recently?
    - Does any of the things I mention above said by some small businesses ring true or not?
    - Footfall up/down but spending vs Footfall up/down but not spending

    - Is this private debt ( both biz & Household ) at 258% of GDP in the third quarter of last year holding back local commerce or not? http://www.nerinstitute.net/blog/201...edy-of-hamlet/

    - Is this a factor? No loans to help the cashflow or to expand? - http://www.independent.ie/business/s...-34659148.html

    "Fear of rejection" is a factor in discouraging borrowing by small and medium enterprises (SMEs) across the European Union, according to a study of 6,287 businesses.

    Non-application for fear of rejection was: Ireland 44pc; Germany 24pc; Greece 19pc; Belgium 18pc; Austria 17pc; and Spain 17pc, the study found.

    I just want to get a genuine feel for how local business / SME is like on the ground in 2016.

    Please, none of this doomster type comment, this post is genuine real Qs to small business / SMEs, not about talking down the economy ... its about realism in the small business community whether things going great or not
    Last edited by robut; 22nd December 2017 at 08:25 PM.

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    Politics.ie Member Clanrickard's Avatar
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    Business is poor not two ways about it. Footfall is down and business trends are erratic. To be honest I can't see mtself surviving beyond Christmas.

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    Quote Originally Posted by Clanrickard View Post
    Business is poor not two ways about it. Footfall is down and business trends are erratic. To be honest I can't see mtself surviving beyond Christmas.
    Can you put your finger on why this is so? Why the footfall is down? That Debt?

    I have heard others say - in fact a few retail business'es in Cork City - that footfall is up but that footfall is useless because it is not spending.
    Last edited by robut; 26th April 2016 at 12:55 PM.

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    Politics.ie Member Clanrickard's Avatar
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    There is no spend. People gravitate towards big towns and big shopping centres. I am talking about retail. Certain pubs and cafes are doing well but many are not. To me it's a population thing. There is a large cohort of between 23-38 missing and they would be spenders.

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    Politics.ie Member publicrealm's Avatar
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    My understanding is that the nature of retail has changed.

    Footfall is no longer such a useful measure. Many stores are now just display areas for browsers who will then order online - this is bad for the small guys who don't have an online presence.

    Rural town centres - even traditionally 'strong' towns such as Nenagh - have lots of closed/to-let shops in the main street - leading to lower footfall as people move to the out of centre retail parks, reinforcing the decline at the town centre.

    It all in flux but not in a good way.
    I have measured out my life with coffee spoons......

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    Politics.ie Member SeanieFitz's Avatar
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    Quote Originally Posted by Clanrickard View Post
    There is no spend. People gravitate towards big towns and big shopping centres. I am talking about retail. Certain pubs and cafes are doing well but many are not. To me it's a population thing. There is a large cohort of between 23-38 missing and they would be spenders.
    I am really sorry to hear about your difficulties. You have hit the nail on the head with your assessment, outside of the major cities there are very few "good" job opportunities available to young people. The only time I see groups of young people socialising in my area is during Christmas holidays or for a wedding. Young people drive economies, they spend above average on clothes, socialising, white goods, etc without young working people rural areas will continue to decline

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    Politics.ie Member Henry94.'s Avatar
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    The recession made a lot of people re-think their lives and become a lot more circumspect about spending. Minimalism, mindfulness and other kinds of non-material views are very common now.

    They are not good for business.

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    Politics.ie Member Sister Mercedes's Avatar
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    Yet when I'm out in the morning it's one 161 people carrier after another dropping the kids to school. It's a selective recovery. I suppose if you're a medical malpractice lawyer, you've never had it so good.

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    Politics.ie Member Clanrickard's Avatar
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    Quote Originally Posted by SeanieFitz View Post
    I am really sorry to hear about your difficulties. You have hit the nail on the head with your assessment, outside of the major cities there are very few "good" job opportunities available to young people. The only time I see groups of young people socialising in my area is during Christmas holidays or for a wedding. Young people drive economies, they spend above average on clothes, socialising, white goods, etc without young working people rural areas will continue to decline
    Thanks for your concern. I do believe there is a need for a retail bricks and mortar presence in towns otherwise they will little better than giant dormitories outside the main cities. The job opportunities is a big thing. Broadband is very poor and there is a lack of services due to population being too dispersed and an over reliance on the car. Until that changes and proper planning is brought to the fore I don't see it changing.

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