Comments on: is it a bad idea to start a new business in the uk during the recession? http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/ Sell your house fast with Sell House Fast Mon, 28 May 2012 02:15:16 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Ansell A http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/comment-page-1/#comment-1214 Ansell A Wed, 12 Aug 2009 14:46:18 +0000 http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/#comment-1214 It is not a bad idea to start a business in a recession but it must be the right type of business. Think about it. During a recession people have no spare money and consequently cut down on luxuries. Hairdressing can be classed as a luxury as people go out and get their hair done when they have a special occassion or are going out etc. Although people will still want to get their hair done, it is likely to be less than "normal". Therefore you need to research the area very carefully before starting this sort of business. a It is not a bad idea to start a business in a recession but it must be the right type of business.

Think about it. During a recession people have no spare money and consequently cut down on luxuries.
Hairdressing can be classed as a luxury as people go out and get their hair done when they have a special occassion or are going out etc.

Although people will still want to get their hair done, it is likely to be less than “normal”. Therefore you need to research the area very carefully before starting this sort of business.

a

]]> By: doug r http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/comment-page-1/#comment-1213 doug r Sun, 09 Aug 2009 09:45:27 +0000 http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/#comment-1213 if you can get the premises at the right price or the right rent , and check the competition in the local area , hairdressing should be ok as long as you keep your prices realistic at this time , and getting the work done at a good price shouldn't be a problem as everyone is screaming for work and will price jobs competitively . be shrewed and don't let anyone you are dealing with know that you are using your own money ,as there are some unscrupulous people about . good luck if you can get the premises at the right price or the right rent , and check the competition in the local area , hairdressing should be ok as long as you keep your prices realistic at this time , and getting the work done at a good price shouldn’t be a problem as everyone is screaming for work and will price jobs competitively . be shrewed and don’t let anyone you are dealing with know that you are using your own money ,as there are some unscrupulous people about . good luck

]]> By: Denise http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/comment-page-1/#comment-1212 Denise Thu, 06 Aug 2009 18:20:43 +0000 http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/#comment-1212 Create a Business Plan, find out your start-up and running costs (are they fixed or variable?), do primary and secondary market research, find out ways to advertise aswell as word of mouth, etc. It may be cheap to set-up a business in the economic climate what with property being cheaper than usual, but you need a way of drawing customers in - make them spend money (that's tight for most people at the moment). No customers = no profit. I wish you every success in your business venture, if you do go ahead with it! :) Create a Business Plan, find out your start-up and running costs (are they fixed or variable?), do primary and secondary market research, find out ways to advertise aswell as word of mouth, etc.
It may be cheap to set-up a business in the economic climate what with property being cheaper than usual, but you need a way of drawing customers in - make them spend money (that’s tight for most people at the moment). No customers = no profit.
I wish you every success in your business venture, if you do go ahead with it! :)

]]> By: jimmy http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/comment-page-1/#comment-1211 jimmy Mon, 03 Aug 2009 09:06:58 +0000 http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/#comment-1211 It can be good to start a buissness in a recession as it gets you used to working with a tight budget. also it gives you a head start when we come out of a recession as thats when lots of people will start up but yours will be set up and more established. Also with something like a hairdressers, its more of a necessety because people will always need and pay for haircuts. you just need to be careful with your budget at the moment thats all. It can be good to start a buissness in a recession as it gets you used to working with a tight budget. also it gives you a head start when we come out of a recession as thats when lots of people will start up but yours will be set up and more established.
Also with something like a hairdressers, its more of a necessety because people will always need and pay for haircuts. you just need to be careful with your budget at the moment thats all.

]]> By: Atalanta http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/comment-page-1/#comment-1210 Atalanta Sun, 02 Aug 2009 15:36:00 +0000 http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/#comment-1210 Think about things this way: If a woman's husband loses his job, or if her own hours of work are cut, what will she reduce spending on first ? Not food or things for the children, but probably her appearance. She will still get her hair done, but maybe only half as often. She may try doing a colour for herself instead of coming to you, for instance. I know someone who set up a business concerning what you might call "optional" spending - at the beginning of a recession, and was very soon bankrupt. If you must go into business, choose something people HAVE to buy rather than something they can do without. Think about things this way:
If a woman’s husband loses his job, or if her own hours of work are cut, what will she reduce spending on first ?
Not food or things for the children, but probably her appearance. She will still get her hair done, but maybe only half as often. She may try doing a colour for herself instead of coming to you, for instance.
I know someone who set up a business concerning what you might call “optional” spending - at the beginning of a recession, and was very soon bankrupt.
If you must go into business, choose something people HAVE to buy rather than something they can do without.

]]> By: Gypsy Girl http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/comment-page-1/#comment-1209 Gypsy Girl Fri, 31 Jul 2009 21:28:17 +0000 http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/#comment-1209 As long as you can afford to operate the business at a loss for the first 2 years, then go for it. If you need it to be making a profit right away, then it might not work. As long as you can afford to operate the business at a loss for the first 2 years, then go for it. If you need it to be making a profit right away, then it might not work.

]]> By: desertgirl http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/comment-page-1/#comment-1208 desertgirl Wed, 29 Jul 2009 06:35:48 +0000 http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/#comment-1208 from the greatest recessions have come some of the best businesses. I know a hairdresser and her salon is doing horrible right now. You are right though, now would be the best time to get things cheap. If you can handle losing money for a while then now would be an ok time to start a business, just factor in how much you can lose, and don't expect a booming business right away. from the greatest recessions have come some of the best businesses. I know a hairdresser and her salon is doing horrible right now. You are right though, now would be the best time to get things cheap. If you can handle losing money for a while then now would be an ok time to start a business, just factor in how much you can lose, and don’t expect a booming business right away.

]]> By: Sarah♥ http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/comment-page-1/#comment-1207 Sarah♥ Sat, 25 Jul 2009 20:31:31 +0000 http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/#comment-1207 you need to assess the whole situation. a lot of people are very safe when it comes to hairdressers, always going back to the same one. i suggest you look at all the competition. everyone gets their haircut and recession wont effect salons that much. if i were you i would be more concerned about competition. xx you need to assess the whole situation. a lot of people are very safe when it comes to hairdressers, always going back to the same one. i suggest you look at all the competition. everyone gets their haircut and recession wont effect salons that much. if i were you i would be more concerned about competition. xx

]]> By: R-Dog http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/comment-page-1/#comment-1206 R-Dog Sat, 25 Jul 2009 11:19:00 +0000 http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/#comment-1206 umm theres alwats a chance but im going to tell u chances r this recession (some experts calling it a depression) will not in a few months, i think its best to not open a shop just yet because not many people will b willing to buy much these days, even in the next few months i doubt many people will umm theres alwats a chance but im going to tell u chances r this recession (some experts calling it a depression) will not in a few months, i think its best to not open a shop just yet because not many people will b willing to buy much these days, even in the next few months i doubt many people will

]]> By: celticfcdoberman http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/comment-page-1/#comment-1205 celticfcdoberman Sat, 25 Jul 2009 06:15:50 +0000 http://www.sellhousefaster.co.uk/recession/is-it-a-bad-idea-to-start-a-new-business-in-the-uk-during-the-recession/#comment-1205 Why don't you become an undertaker. You shouldn't lose your job. Why don’t you become an undertaker. You shouldn’t lose your job.

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