Businesses going bankrupt

[justinsigns]

Hey all

I was at a family thing last night, and we were discussing the amount of businesses going bankrupt in the local area.

Most are leisure based businesses - boats, large mowers, motorcycle shops.
These particular businesses are quite large and have been around for a good part of 10years +

I have also noticed alot of my one-off small business customers closing their doors after a couple months / years.

Do you think this trend will flow into the trades and services sector?

Has anyone else noticed closures of medium sized businesses in their local areas?

[fire extinguisher dude]

we live in the south of adelaide and recently our newsagent/post office closed citing the massive rent they had to pay in the local shopping centre.
people are cutting down on leisure items and only buying consumables that they need only.
thanks to the millionaires that run the reserve bank and have no real
experience in the real world when it comes to everyday costs and expenses.
My opinion
chris merrill

[Brendan]

I guess it is times like these that sparate the good businesses from the bad.. if you have a rock solid business then you should have planned and be prepared for the hard times.

As history shows, its not always rosy in the financial markets, and the banks and government are not always there to help you, or have your best interests at heart!

In times like this, you can't rely on anyone but yourself to help you, you need to plan for the down times and hopefully be able to pull yourself through.

I have actually noticed some businesses booming in these times while their competitors are failing.. again it all comes down to good business planning.

[HWT]

No, in my area they just sold out a new commercial estate and lots of new businesses are either moving into the area or building themselves bigger premesis. We would like to rent a shopfront for ourselves but there are none available so we are forced to work from home.