Thread: where will it end?

Originally Posted by incisor

when does it reach saturation point?

and what happens when it does?

What is happening in Sydney, Gosford, Newcastle and the rest of NSW.

Lots of vacant shops, retail downturn, building/development downturn, local economic recession and job losses caused by a 2 speed economy?

Hi All

Healthy competition is good, but not for me.

I can't compete with the low mark ups and the high Aussie dollar bringing in goods, way below the cost of production here in Australia.

A chap came to my front door the other morning, asking if I still repaired Electric fence units.

So I asked a few questions to find out, what it did and didn't do, then I had to tell him that the unit was beyond economical repair, as it needed a new output transformer, therefore making it cheaper to buy that size unit new, than it is to repair his old one with the cost of parts the way they are.

Now all the stuff that I trained on is on the tip, I'm even toying with the idea of going fishing and leaning some lifestyle skills instead.

Cheers Arthur

Originally Posted by Beckford

What is happening in Sydney, Gosford, Newcastle and the rest of NSW.

Lots of vacant shops, retail downturn, building/development downturn, local economic recession and job losses caused by a 2 speed economy?

Yep. And been happening for a while. Commercial realestate is often at a loss to the owner (bar westfield) and many places are vacant.

The problem with boom periods is that it allows bad businesses to prosper. The idea of endless expansion is the height of bad management.. this is why every other day we are hearing of an other retail or clothing brand going under..

I see this as clearing out the dead wood, getting rid of the businesses that were never that great- for what ever reason. I know its a hard thing to say, and I know that a lot of people on aulro are business owners who are struggling.. as I was until recently. I knew my business was being comoditised and soon it would have no value... So I got out. 6 years working day and night gone, but not forgotten.

The good news is that down turns are the best times to start a business, get it right now and you will have something that will pay for your grandchildren to go to uni.

Not keen on being on my own but I prefer being a professional layabout.

I come and go as I please. I shop on line when I can, as postage is much cheaper than petrol. I do the bulk of my shopping once a month.
I play golf whenever I like. I can go off in the Disco at any time to wherever without planning far ahead. I can stay up late. I can get up late. I dont have to be nice to anyone. I tell dickheads that they are dickheads out loud.
Best of all, when the sun sets I will be re united with my little Bird.

have a nice day.
Weather is great so I might go and play nine holes.

Robert.

Yeah, it's tough out there. People are scared and saving more and using less credit. If Europe and the USA get their act together and the media runs out of scare stories it might ease up a bit.
Smaller operators have to specialise or get swamped by the biguns. Servicing rather than retail sales must have some potential, but only if it can be fixed for a profit. It's not easy.

...........and there is more Hobart sold on $100m centre

The crash will come and it will be loud if we keep going like this

Originally Posted by rockyroad

Being unique and offering something that the competition doesn't is the key.

and thats what i have done since 1989

not as successfully as the likes of the big fellows but i much prefer to be honest and straight forward.

amazing how many people simply cant cope with that.

but i sleep at night knowing i haven't **** on anyone.

finding breakfast in the morning is another issue

Originally Posted by incisor

and thats what i have done since 1989

not as successfully as the likes of the big fellows but i much prefer to be honest and straight forward.

amazing how many people simply cant cope with that.

but i sleep at night knowing i haven't **** on anyone.

finding breakfast in the morning is another issue

Not to mention when a hand shake was a agreement set in concrete