Gordon N
New Member
Whilst out and about in the car this morning I was listening to Radio 1 and heard on the news that Woolworths and MFI are not the only big companies suffering just now. It appears that Dixons Stores Group are also in the red now! This got me thinking...
For all everyone said at the start of this 'crunch' that it was the small business community that were going to feel things hardest, could it be possible that there is actually a twist happening. Small businesses like most of ours have quite obviously much lower running costs and overheads which in this climate actually makes them more sustainable. The more big national names that announce administration status or reduced profits etc. the more people will return to sourcing their goods, products and services more locally.
That's my hope and opinion, what does everyone else think?
Regards,
Gordon
For all everyone said at the start of this 'crunch' that it was the small business community that were going to feel things hardest, could it be possible that there is actually a twist happening. Small businesses like most of ours have quite obviously much lower running costs and overheads which in this climate actually makes them more sustainable. The more big national names that announce administration status or reduced profits etc. the more people will return to sourcing their goods, products and services more locally.
That's my hope and opinion, what does everyone else think?
Regards,
Gordon