How’s Business Going?

Curious? For Anyone who owns a business

Last 2 odd years, have you been able to survive and grow, keep your head above water???

We rarely hear from business owners on this forum.

 

we're going great.



lol

 

I guess the response would be highly industry specific.
We sold our business a few years back, gym and fitness equipment supply, still own the commercial property they operate out of though so kind of still attached.
They went absolutely crazy during Covid, even though it was already a hot industry prior.
Really glad to be out of it, don't need the huge stress that comes with business and don't need the money, so there were absolutely no upsides to stay in it.

I really feel for food type businesses, these businesses are tough even in good times.
It's an uphill battle with them.

 

A friend owns 2 liquors stores and knows many other owners in Perth. Business has been booming for all of them like crazy.

 

My foodie tenants (wholesale) didn't have issues until mid 2021, some received rent relief others had increases delayed, those with exposure to the building industry were a mixed bag as well with one posting it's first loss in 50 odd years.

 

My practice is travelling well. A busy year ahead.

 

Business has been very strong in the past 2 years, particularly in the past 6-8 months.
I'm exhausted tbh and I'm looking forward to the expected slowdown as interest rates rise.

 

Recycling, plastic now paper also. You have no idea the amount of packaging you throw away, no recession (reduction in volume) ever

 

Media doesnt cover the effect IR rises has on small business aswell i noticed. But only the extra repayments that will have to be made each month / cost of living & inflation increases blah blah blah, and in turn speculating on how this impact property prices.

What % of loans make up business vs commercial / resi real estate debt in Aus i wonder?

IR rises for small / large business has a greater effect on the economy than property? Overheads are higher -> bottom line is reduced -> Staff cutbacks -> increased unemployment? Business with high debt become insolvent. Why is there no mentions of this in the media? Only real estate and the same rhetoric being repeated over and over.

 

Because there are more property owners than business owners and makes the bigger impact on news?

 

Definitely trying to rebuild things in my industry but the constant rain has made things difficult.