New Posts For Thread: In the current climate is it stupid to be thinking of opening a new busineshttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-businesSmall shop reasonable position something I am experienced in.Thoughts anyone?Fully agree people like to get everything under one roof but the only supermarket in a 3 mile radius opens 8-8 we hope to grab the early morning marketFingers crossed it looks like a goerhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-busines?post_id=425964074#425964074Fully agree people like to get everything under one roof but the only supermarket in a 3 mile radius opens 8-8 we hope to grab the early morning marketFingers crossed it looks like a goerMon, 01 Feb 2010 06:26:52 -0600Good Luck but if i may offer a tip ,don't get complacent about people prefering small shops to tescos or the Co-op . all the evidence of the last decade or so suggests otherwisehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-busines?post_id=425964070#425964070Good Luck but if i may offer a tip ,don't get complacent about people prefering small shops to tescos or the Co-op . all the evidence of the last decade or so suggests otherwiseMon, 01 Feb 2010 06:24:29 -0600Well we have gone for it...Wish me luck fellas.Thanks again to all who contributed especially Madasabox.The estate agent actually though we knew what we were talking about...https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-busines?post_id=425964066#425964066Well we have gone for it...Wish me luck fellas.Thanks again to all who contributed especially Madasabox.The estate agent actually though we knew what we were talking about...Mon, 01 Feb 2010 06:05:56 -0600Thanks guys.The other thing is I will need 2 full time or 4 part time mebers of staff so at least I'll be pumping a bit back in the economy.18 month lease we would lose £70k if we opened and didnt take a penny.I am fairly confident we could make a rhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-busines?post_id=425963974#425963974Thanks guys.The other thing is I will need 2 full time or 4 part time mebers of staff so at least I'll be pumping a bit back in the economy.18 month lease we would lose £70k if we opened and didnt take a penny.I am fairly confident we could make a rTue, 26 Jan 2010 08:14:36 -0600SnoozeVery commendable, but people do not want to shop elswhere unless the prices and quality of ther merchandise are the same!I am sure that it is a good time to start a business provided you limit your risk. Short lease etc is great, but also ensurhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-busines?post_id=425963970#425963970SnoozeVery commendable, but people do not want to shop elswhere unless the prices and quality of ther merchandise are the same!I am sure that it is a good time to start a business provided you limit your risk. Short lease etc is great, but also ensurTue, 26 Jan 2010 08:03:35 -0600you say that but a little parade near me used to have a butchers, a veg shop, 2 grocers including a sub post office and 2 newsagents. Tesco express opened where the old esso garage was and now only one of the existing newsagents has survived plus ahttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-busines?post_id=425963966#425963966you say that but a little parade near me used to have a butchers, a veg shop, 2 grocers including a sub post office and 2 newsagents. Tesco express opened where the old esso garage was and now only one of the existing newsagents has survived plus aTue, 26 Jan 2010 07:42:43 -0600Ahe Tesco Express and the Co-op I think that a lot of people (like myself) would rather shop at a local shop than give their hard earned to these type of places.I would love to know how much these firms pay their staffhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-busines?post_id=425963962#425963962Ahe Tesco Express and the Co-op I think that a lot of people (like myself) would rather shop at a local shop than give their hard earned to these type of places.I would love to know how much these firms pay their staffTue, 26 Jan 2010 06:40:37 -0600agree with the above from madas. if the landlord happy without a deposit he'll probably still want solid guarantors but it is certainly a good time to ask for a rental holiday.Not a line of business i know but where i am everyone is diversifying, thhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-busines?post_id=425963958#425963958agree with the above from madas. if the landlord happy without a deposit he'll probably still want solid guarantors but it is certainly a good time to ask for a rental holiday.Not a line of business i know but where i am everyone is diversifying, thTue, 26 Jan 2010 00:26:21 -0600thanks madas top advice sirhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-busines?post_id=425963914#425963914thanks madas top advice sirMon, 25 Jan 2010 15:11:59 -0600As an aside, secondry position retail units are not in demand. I am assuming your renting? You should be able to strike a 'good deal'. Insist on an ingoing rental holiday, refuse a full repairing lease and only accept 'leave in the same state', cohttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725990/in-the-current-climate-is-it-stupid-to-be-thinking-of-opening-a-new-busines?post_id=425963910#425963910As an aside, secondry position retail units are not in demand. I am assuming your renting? You should be able to strike a 'good deal'. Insist on an ingoing rental holiday, refuse a full repairing lease and only accept 'leave in the same state', coMon, 25 Jan 2010 15:08:06 -0600