Accounts have to be sent into HMRC by the end of the month. So I am sorting through figures. I have always hated doing accounts but you do need to know what's going on for your own sake and for our government that spends our money like water. In 2005 we started a new venture by 2007 our sales were going through the roof then the credit crunch hit. Also our competition increased vastly with competing companies using computer programmes to drive us smaller people out of business.
Say I alter the price of a 100 of our products so they are the lowest on the internet. Tomorrow morning our competition will run their computer programmes automatically scanning our products against their products. Their computers will then alter all their prices so that they are lower than ours.
It's called the race to the bottom. The bottom line being is to sell stuff the competition don't have.
At the moment there are a lot of businesses struggling out their. Shops unless they are selling mobile phones or food must be having a nightmare. High monthly costs with income steadily falling.
Bank behaviour to private business is a disgrace. A friend of mine advised many years ago not to borrow money from the bank unless you have the means to pay it straight back should they ask for it. This is a very hard task in the modern world. His advice however has paid large dividends.
The car industry must be feeling very uncomfortable, its very easy to put off the buying of a new car.
Government have failed to look after the golden egg ( private business) which pays for everything they spend. Health, education, social services.
Government bills for public pensions are colossal, they are in the trillions.
Until the government gets radical with conditions that favour private companies expanding business and taking people on UK PLC will continue to drive along in the ditch.
The Chancellor George Osborne would love my account graphs. Costs getting lower and revenue climbing........................
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