Quote:
Originally Posted by jfman
If so many businesses could take 10-15% hits on their sales someone with just as much entrepreneurial spirit would enter the market and reduce the price skimming off percentages from each and every small business in their field and becoming that profitable 85% model.
That’s literally how supply and demand works in competitive markets.
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No one was saying they can take that kind of hit for a sustained period of several years.
But in between lockdowns when there was trading with restrictions, I witnessed lots of innovation. The pandemic was predicted to last a year or two ( based on initial vaccine predictions).
My point being that by using their savings, taking grants, loans, hopefully help with tax/rates etc with reduced revenue many businesses could probably just about get through, but no revenue at all? That’s a much tougher prospect.
---------- Post added at 19:51 ---------- Previous post was at 19:50 ----------
Quote:
Originally Posted by jfman
I don't think I'm as transparent to be rumbled within two posts though.
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Rumbled years ago mate.