Is the Recession over then ???

Thrugelmir

wageslave wrote: »

I work for a large, extremely well known multi-national who have weathered the recession by basically shafting their suppliers.

They have lengthened their payment terms from 60 days to sometime, never.

Now they know they can get away with it, who wants to bet this continues for the forseeable future?

This is business. Many smaller and medium sized ones are the worst payers ,as in reality they are far more likely to go bust.

There is the Late Payment of Commercial Debts (Interest) Act 1998 which is very effective against larger companies.

Cleaver

Thrugelmir wrote: »

This is business.

You're right, it unfortunately is. So it is therefore down to the consumer to vote with their feet and not use businesses that employ these types of tactics, whether they have a turnover of £500,000 or £10 billion.

fc123

wageslave wrote: »

I work for a large, extremely well known multi-national who have weathered the recession by basically shafting their suppliers.

They have lengthened their payment terms from 60 days to sometime, never.

Now they know they can get away with it, who wants to bet this continues for the forseeable future?

This has always been a problem.

The Danger of One Customer for small business is a common one. The big customer is great at first, big orders, pays on time and loves you..then they want more and more so you start dropping your smaller customer base to concentrate on the big one. Tesco just speed up the process by insisting on sole supplier contracts and the like.

I have been researching a couple of things over the past 2 weeks (which is my excuse for being a bit wired recently) and I am no nearer to making a decision....but clearer on the consequences if 'A Tesco' situation arises on delivery.

DS is on the thread.....the YT you sent me, OH had a long chat with her about all sorts of things last week.

Writing bit's out makes the risks clearer to me though...super high risk but big gain if it goes to plan.
All I want to do is set up my free advice service and pay off the mortgage but is that worth the risk?

I have something else set up ready to go in August that can run alongside and be a get out if things go a bit awry.

wageslave

Cleaver wrote: »

You're right, it unfortunately is. So it is therefore down to the consumer to vote with their feet and not use businesses that employ these types of tactics, whether they have a turnover of £500,000 or £10 billion.

I deal with the Great British Consumer more or less on a daily basis. All they care about is saving a fiver.

Take Sunday opening for instance. Who really, seriously needs to shop on a Sunday? What do I desperately need to buy on what should be some poor sods day of rest that I can't get on a Saturday?

Don't even start me on supermarkets that are open at 3am and are paying the woman behind the checkout minimum wage.

1984ReturnsForReal_2

Cleaver wrote: »

You're right, it unfortunately is. So it is therefore down to the consumer to vote with their feet and not use businesses that employ these types of tactics, whether they have a turnover of £500,000 or £10 billion.

Tescos is proof that logic never works...

Cleaver

wageslave wrote: »

I deal with the Great British Consumer more or less on a daily basis. All they care about is saving a fiver.

You're right, I think a significant minority do just care about saving a fiver. Another significant minority care about where they shop and put this in to practice. Then the bulk of people, in my humble opinion, just don't really have this stuff on their radar. Tesco seems nice and harmless enough of the face of it, as Graham has illustrated with his comments. To the general public it does look as though everything is fine, in the same way that the banking industry looks 'normal' when it's just us savy lot that know it's £200 billion of fake money propping it up. The media tells most people that the housing market is back to 'normal' and most people believe it, whereas we all do a bit of digging and see that it sertainly isn't.

I don't think people out there are all thick and don't care, it's more that they just aren't really interested in the sbuject and also don't have the facts presented to them. I really think that if the practices of the likes of Tesco; their treatment of suppliers, the help they get from the government, their land-bank practices and their effect on small, local businesses were put in front of people they may start to change their mind. Look at the sale of economy chicken after Hugh Fearnley-Poshbloke did his TV show about it (I believe it nose-dived straight after the show, and still hasn't recovered).

I simply think we've all forgotten, to some extent, how nice local shopping can be. And please no one tell me that you have to pay to park, I'm talking about the bigger picture here.

Cleaver

1984ReturnsForReal wrote: »

Tescos is proof that logic never works...

I fully agree. Same with Westlife. You could never prove via theory or experiments why Westlife are popular, but yet somehow they really are...

The general public are dumb.

1984ReturnsForReal_2

Cleaver wrote: »

I fully agree. Same with Westlife. You could never prove via theory or experiments why Westlife are popular, but yet somehow they really are...

The general public are dumb.

I don't think they are dumb. But a majority really just don't give a sh1te & are always seeking instant gratification.

Cleaver

1984ReturnsForReal wrote: »

I don't think they are dumb. But a majority really just don't give a sh1te & are always seeking instant gratification.

Okay, Westlife fans are dumb. Can we at least agree on that? Especially the ones who buy their album for £9 in Tescos, rather than in their local store for £10 which offers a diverse and thoughtful array of music, which in turn encourages kids to get in to culture which is so worth the extra £1.

1984ReturnsForReal_2

Cleaver wrote: »

Okay, Westlife fans are dumb. Can we at least agree on that?

Instant gratification?

Nahhhh Agreed...