Hows Business?

[ghemminger]

Doing an informal poll as I go into small businesses as a lead in to passing our RP information.

90% of businesses seem to be in recession

Grocery Stores seem to be doing best

One dry cleaner owner says it's the slowest in 20 years

I also notice the most amazing sales 60-70%+ off clothes at most of the national retailers.

Can I get you thoughts from around the country? Thanks!


ALSO:
Best ideas for small business right now?
Black market tobbaco
Silver gold trading
Medicinal marriuana
Importing legal medication
managing bank REOs any other ideas?

 

[ShowMeLiberty]

My husband is in the process of closing a small business he started almost 3 years ago. It's a gun/outdoors store in Missouri. We can't afford to go any deeper in to debt for it.

It's just anecdotal evidence, but all the small business owners in the area that he has talked to also say they are just not making any money.

 

[ghemminger]

My husband is in the process of closing a small business he started almost 3 years ago. It's a gun/outdoors store in Missouri. We can't afford to go any deeper in to debt for it.

It's just anecdotal evidence, but all the small business owners in the area that he has talked to also say they are just not making any money.

Yeah thats what I'm hearing...

 

[CareerTech1]

I do dispute resolution and turnarounds for small businesses all over the USA. My clients are sourced by court filings of Business vs Business claims. There are substantially more debt related claims and higher volumes of claims being filed.

 

[ghemminger]

I do dispute resolution and turnarounds for small businesses all over the USA. My clients are sourced by court filings of Business vs Business claims. There are substantially more debt related claims and higher volumes of claims being filed.

Yeah I might getting back into debt negotiations for mortgages... tell me more!

 

[CareerTech1]

Yeah I might getting back into debt negotiations for mortgages... tell me more!

the field is ripe for harvesting.

 

[jdmyprez_deo_vindice]

auction

My auction business has suffered terribly. People still consign everything from automobiles to real estate to antiques and they consign them at the same rate they were before but these items are just not bringing the money like they once did so consequently I am not making the money I used to make. I am still holding on (barely) but it has gotten so bad that I have decided to go back to college so I can have something in the works should this all collapse around me.

 

[GoDrNo]

My parents lost their small business (restaurant) here in MI 2 years ago. Loads of small businesses here are either closing their doors or running with bare minimum staffing. My wife was let go from her architecture firm in the 3rd 1/4 of '07 and in the 3 months since then the firm has eliminated everyone but the 2 partners and 1 intern, they used to run with a staff of 6 during the slow times and pick up a couple more for the busier summer season. If our economy here is an indicator of what's to come things have to change or this country is going to be rocked to the core.

 

[ghemminger]

My auction business has suffered terribly. People still consign everything from automobiles to real estate to antiques and they consign them at the same rate they were before but these items are just not bringing the money like they once did so consequently I am not making the money I used to make. I am still holding on (barely) but it has gotten so bad that I have decided to go back to college so I can have something in the works should this all collapse around me.

I thought auctions would do better during this time oh well for that idea - thanks

 

[ghemminger]

My parents lost their small business (restaurant) here in MI 2 years ago. Loads of small businesses here are either closing their doors or running with bare minimum staffing. My wife was let go from her architecture firm in the 3rd 1/4 of '07 and in the 3 months since then the firm has eliminated everyone but the 2 partners and 1 intern, they used to run with a staff of 6 during the slow times and pick up a couple more for the busier summer season. If our economy here is an indicator of what's to come things have to change or this country is going to be rocked to the core.

My frind owns a Thai restaurant - she said it is the slowest she can ever remember...

 

[ghemminger]

the field is ripe for harvesting.

Yeah carreer tech I'll let you know how its' going - let's talk som time I'm pmin you my phone number

 

[constituent]

i have it on good authority that coin-op washeterias are rock'n out w/ the band right now.

...low start up costs to boot!

 

[Arklatex]

I thought auctions would do better during this time oh well for that idea - thanks

Me too, that's why i've been holding onto my EBAY. Maybe EBAY is the reason for this though.

 

[jdmyprez_deo_vindice]

auctions

I thought auctions would do better during this time oh well for that idea - thanks

Well on one level, auction houses do well. In economic slumps you tend to see more high end items showing up as people need the money more than that diamond ring, gold watch, tiffany vase,etc. Those items will still bring good money but most auctioneers thrive off of lower ticket items. For instance, If I sell a painting for $10,000 than that is a great sale but the commission plus buyers premium I make from that item wil pretty much just pay my bills. Now in that same auction I may sell several thousand items for $20 or under and those items are the ones that put food on the table and gas in my truck,etc. Lots that used to bring $20 now brng $2 if I am lucky.

 

[ghemminger]

i have it on good authority that coin-op washeterias are rock'n out w/ the band right now.

...low start up costs to boot!

Please tell us more about ti=his - thanks

 

[jnpg]

So it makes sense that grocery stores are doing good- no one wants to spend $ to eat out- I know I don't. Even Mickey D's runs my family of 4 around $20 - better food cooked at home.

Also the coin-op laundry makes sense- more people are going to move out of houses and into apts and rentals. Fewer people w/laundry at home....

So apts and rentals will start filling up- and there will be increasing numbers of vacant/foreclosed homes. I think a danger will be trying to get in too early to scoop up bargains.

I am planning a garden this spring and am looking forward to reducing my grocery bill.

 

[ghemminger]

Well on one level, auction houses do well. In economic slumps you tend to see more high end items showing up as people need the money more than that diamond ring, gold watch, tiffany vase,etc. Those items will still bring good money but most auctioneers thrive off of lower ticket items. For instance, If I sell a painting for $10,000 than that is a great sale but the commission plus buyers premium I make from that item wil pretty much just pay my bills. Now in that same auction I may sell several thousand items for $20 or under and those items are the ones that put food on the table and gas in my truck,etc. Lots that used to bring $20 now brng $2 if I am lucky.

Wow - that all makes sence I'm sorry =- they say that during this time speculator seem to reighn esp during times of hyperinflation...we'll see - I'm trading a lot of silver coins right now

 

[hillbilly]

We own/operate a dog boarding & training facility.

I can safely say that the past holiday season (Thanksgiving-New Year's) was our most successful in 24 years of operation.

What I have noticed is a growing change in our clientele. We are experiencing a demand for more door-to-door training sessions in the large metro (and very posh) areas & less demand for basic local (we are rural) boarding & training.

The poor folk are doing less business with us--taking less vacations & just avoiding the training altogether.

The rich folk want us to come fix their dog at any cost.

Interesting topic. Thanks!

 

[jdmyprez_deo_vindice]

ebay

Me too, that's why i've been holding onto my EBAY. Maybe EBAY is the reason for this though.

No, actually ebay has sort of helped the live auction business. Many items bring a substantially higher amount at live auction than they do online. Rare items tend to do better at live auction than they do online because people have a chance to personally inspect the item before bidding and most professional auctioneers only stay in business from their reputation of being trustworthy and not trying to pass off reproductions or fantasy items as genuine articles. The rise of ebay has given live auctions an influx of new buyers looking for low ticket items they can sell for a few dollars on the net. The big problem is that a lot of those buyers are starting to disappear because those buyers just do not have the money to spend and those low ticket items they thrive on are just not selling online.

 

[ghemminger]

We own/operate a dog boarding & training facility.

I can safely say that the past holiday season (Thanksgiving-New Year's) was our most successful in 24 years of operation.

What I have noticed is a growing change in our clientele. We are experiencing a demand for more door-to-door training sessions in the large metro (and very posh) areas & less demand for basic local (we are rural) boarding & training.

The poor folk are doing less business with us--taking less vacations & just avoiding the training altogether.

The rich folk want us to come fix their dog at any cost.

Interesting topic. Thanks!

IS it just SOCal or am I noticing a huge SURGE in Dogs for sale? People engagin in Dog Breeding???