Business / private sector is dead - page 6.

KnightElite

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Quote from: Yamifoud on July 21, 2020, 06:32:39 PM

The government and business owners won't let that thing happen and even we're seeing that globally are affected by this market recession and increase of business shutdown causing thousands or millions of people out from their job but this not to consider that the economy is dying already. In fact, some countries are already resuming their business transaction applying the new normal.

We have to survive and we need to fight against this. Businesses will die if we let it so. So, at this moment that cashless payment is surging, this is a great chance for the online marketing strategy to work well and this is pushing businesses to offer the same otherwise, they will die.

I think there is a misunderstanding here, of course the business owners do not want to die there business and they will do anything in order for them to operate again but the thing is, the chain in many economy breaks and it is the reason why many businesses stop operating and some of them will permanently closed because of the damage that the pandemic brought to them. It is sad especially for those small business that only have 1 source of income which is the business that they let go because of the pandemic.

Yamifoud

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The government and business owners won't let that thing happen and even we're seeing that globally are affected by this market recession and increase of business shutdown causing thousands or millions of people out from their job but this not to consider that the economy is dying already. In fact, some countries are already resuming their business transaction applying the new normal.

We have to survive and we need to fight against this. Businesses will die if we let it so. So, at this moment that cashless payment is surging, this is a great chance for the online marketing strategy to work well and this is pushing businesses to offer the same otherwise, they will die.

arwin100

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Jack of all trades 💯

Quote from: 7788bitcoin on July 21, 2020, 05:25:37 PM

Quote from: spy100 on July 20, 2020, 12:47:27 PM

The only thing people are buying is basic necessities ... oh also food and cigarette prices went up again ...

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

Everyone globally is going through the same phase, i am jobless for over three months and i will be moving to my parents basement in the coming month if things do not improve and i will be back working and things are not going well for majority. The businesses are going down and all the small time business owners are shutting down their business as they could not afford to be in a situation we are going through. People with money under their mattress is the best solution now rather than investing in a dead market.

So unfortunate to hear that mate but I think there are so many people with the same situation right now, people really feels how hard the life at this moment and hopefully we can go thru all this and the vaccine will be found soonest.

Although I'm not affected to much on this pandemic financially since I have money save when theirs no tragic event happening in the world but I see the huge effect in my neighborhood where they are struggling because they cannot get back to their work and businesses.

barbara44

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Okay, your ending is what I don’t understand. You said those who have billions should start investing it...
And then you ended it with – Economy I love it Kiss

what exactly are you loving about this situation? You think this kind of situation is going to favour the poor?

If you think so then you must be a joker. This is kind of situation, the rich are the ones that are definitely not going to feel it because they will be at home chilling and having not to bother since they have enough. The poor will be worried that they don’t have food and they also don’t money to buy that food since they need to leave their house and work and that as well exposes them to the virus.

7788bitcoin

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Quote from: spy100 on July 20, 2020, 12:47:27 PM

The only thing people are buying is basic necessities ... oh also food and cigarette prices went up again ...

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

Everyone globally is going through the same phase, i am jobless for over three months and i will be moving to my parents basement in the coming month if things do not improve and i will be back working and things are not going well for majority. The businesses are going down and all the small time business owners are shutting down their business as they could not afford to be in a situation we are going through. People with money under their mattress is the best solution now rather than investing in a dead market.

Argoo

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A very difficult situation has developed with the functioning of private business in any country. A significant part of private business will never recover. We also do not know when the coronavirus will be defeated. However, all adversity will ever end. The world economy will surely recover over time, even if we go through a global economic crisis. Therefore, we need patience and endurance.

thesmallgod

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That's being impacted by what is currently happening in the world. People are not making enough and the basic needs are the only things they spend the little they earn on. Between taking transport and getting food, the latter become necessity and that is the reason why it is. In my country right now, sanitary pads, face masks, foods and drugs are the things selling fast. Business such as transports are not making enough especially when their movement has been limited

abhiseshakana

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According to my observations, my friends have started to sell what can be sold one by one like cars & motorcycles to make a living. This indicates that savings have been used up to support daily expenses and the final choice. Those who have debt repayments with interest will be more severe with this condition.

For the business of exporting shellfish shells and live, fresh and frozen seafood to China has begun to stabilize again even though prices have declined. But if the pandemic ends longer there is a concern that purchasing power will weaken and in the end, it will be difficult to reverse the economic curve after the pandemic ends.

Silberman

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Quote from: spy100 on July 20, 2020, 12:47:27 PM

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

This is exactly the issue those that have the means to boost the recovery with their money are not doing it because they know they will experience at a large scale what you are experimenting at a small scale, the difference is that they have so much money they can wait indefinitely for the economy to change course or be given assurance by politicians that their investments are going to be secured, I know it is not fair but this is simply the way the economy works.

spy100

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Quote from: slapper on July 21, 2020, 11:50:32 AM

It is sad to hear your story... But I think there should be something you can do to earn some extra bucks for living, right? This pandemic really affects our current world and it changes our life significantly. Where are you living tho? Some countries in Asia are doing very great at protecting their people and the economy. If you make a research, I think you can have a great remote job with these countries since most of the businesses still work with nearly maximum productivity

I want to do what i do ... like anyone else ... we want to do what we like ... pretty much govs screwed us on this one ...

I am in the EU ... there is 0 funds if you want to start a tech biz https://europa.eu/european-union/about-eu/funding-grants_en

I don't want loans i need funds for my start up like the farmers get each year ...,they are giving them free funds to buy tractors equipment etc ,and even if they don't work the land the EU payes them... we in the tech sector get nothing ...zero

The EU is the most corrupt institution in the world ...

Only the big companies get EU funding ...
https://www.eib.org/attachments/thematic/innovfin_eu_finance_for_innovators_en.pdf

slapper

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It is sad to hear your story... But I think there should be something you can do to earn some extra bucks for living, right? This pandemic really affects our current world and it changes our life significantly. Where are you living tho? Some countries in Asia are doing very great at protecting their people and the economy. If you make a research, I think you can have a great remote job with these countries since most of the businesses still work with nearly maximum productivity

spy100

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Quote from: Quidat on July 21, 2020, 10:36:41 AM

Quote from: spy100 on July 20, 2020, 12:47:27 PM

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

Economy i love it ...

For people who do need to have a job or business to make a living then pretty sure that majority of them is highly affected and each of everyone of us.We know that the current pandemic situation on what causes all of these economic problems and we know that there would really be an end to this but to see on the damage that it has been done.Lots of businesses filed a bankruptcy which isnt really surprising.
Neither if you are a freelance or a regular worker, theres no exception when it comes to the hardship that we are facing now. Investment as of these days will not really be in priority but rather people
will mind of on how to buy up their needs instead.

That's the problem as people don't understand that money loses value in time ... money must circulate ...it's not created so you can store it ... buy land,invest it in something ,buy houses,women,cars ,booze,drugs etc ... just don't keep it under the mattress ...the more money you have under your mattress the more you will lose ...

if i have 10 usd in my pocket and inflation is at 2% i lose 0.12 cents next year

But if you have 1 billion USD just sitting around doing nothing , next year you lose 20.000.000 usd

Do something with that 20.000.000 usd ...

Govs have a lot of money doing nothing this days ...

"Mo Money Mo Problems"
https://www.youtube.com/watch?v=gUhRKVIjJtw

Quidat

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Quote from: spy100 on July 20, 2020, 12:47:27 PM

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

Economy i love it ...

For people who do need to have a job or business to make a living then pretty sure that majority of them is highly affected and each of everyone of us.We know that the current pandemic situation on what causes all of these economic problems and we know that there would really be an end to this but to see on the damage that it has been done.Lots of businesses filed a bankruptcy which isnt really surprising.
Neither if you are a freelance or a regular worker, theres no exception when it comes to the hardship that we are facing now. Investment as of these days will not really be in priority but rather people
will mind of on how to buy up their needs instead.

glowing10

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Quote from: spy100 on July 21, 2020, 09:34:53 AM

Quote from: Rosilito on July 21, 2020, 09:25:17 AM

No, they aren't dead. That's quite normal in this situation, imo, some companies haven't been fully operating yet hence, some employees had to be off more than what's usual, not to mention that they are now experiencing a salary cut which leads to various events, like they have set aside buying unnecessary stuff, and those stuff you mentioned.

Anyway, here, in my country (PH) have been in similar situation, fortunately, after months of lockdown where the collapse of some businesses have been witnessed, now things are seemingly getting back to normal although, it wasn't the same as before wherein customers are congested inside a popular shop or whatever kind of store.

if you just got out of lockdown people started spending savings... wait until savings gone ...

This would be the real big issues in coming months, as say still somehow people are managing it because of the saving they had it but if the pandemic continues for the next few months till we do not have vaccine, by that time many would go bankrupt or will not have money left and they this would be the bigger issues in countries where they do not have give anything to the unemployed people.

MCobian

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Actually not all businesses are affected and die, there are some businesses affected, but the growth is rapid. For example, the medical device
business and also the package delivery business. Both of these businesses are not including basic necessities, but can be further developed
because of high demand. That's because medical devices are indeed needed in this situation. Such as masks, oxygen cylinders, disinfectants
and hand sanitizers. Then for package delivery services to develop because people prefer to buy goods online, so shipping services are needed.

imstillthebest

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Quote from: bitgolden on July 21, 2020, 09:39:59 AM

Everything is going to be changed in a matter of one month. Oxford's vaccine is for all the people around the globe unlike what most other countries are planning with their development of covid19 vaccine; when vaccine arrives then you may expect restoration of every business like before. I agree that would take some time to resume still you can be cool with the faith of getting better in near future rather than being worrying about not getting worse than what we do today.

oxford ? lol that sounds like a dictionary brand . now serious , so this vacine will come next month ? thats great news because this isnt a biased one while other vaccines are clearly to be created for profits but till now there are no exact dates on when they are going to be release . not all business are dead but mostly online business are infact blooming now . money wont become obsolete because money can always be use to buy basic necesities to live

bitgolden

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Everything is going to be changed in a matter of one month. Oxford's vaccine is set for all the people around the globe unlike what most other countries are planning with their development of covid19 vaccine; when vaccine arrives then you may expect restoration of every business like before. I agree that would take some time to resume still you can be cool with the faith of getting better in near future rather than being worrying about not getting worse than what we do today.

In my country as well, we are unable to lead usual life due to lack of service providers and expensive day to day things including groceries and vegetables which makes to plan up everything newly for the same salary I do get.

Bitcoin's stagnant condition for more than 2 months says all these. Bitcoin never got stuck like this. My P2P transaction kept waiting regardless of what buyers offer unlike how I was easily selling some 4 months back like almost instant even in p2p environment. Praying for betterment of everything and for everyone Cool

.

spy100

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Quote from: Rosilito on July 21, 2020, 09:25:17 AM

No, they aren't dead. That's quite normal in this situation, imo, some companies haven't been fully operating yet hence, some employees had to be off more than what's usual, not to mention that they are now experiencing a salary cut which leads to various events, like they have set aside buying unnecessary stuff, and those stuff you mentioned.

Anyway, here, in my country (PH) have been in similar situation, fortunately, after months of lockdown where the collapse of some businesses have been witnessed, now things are seemingly getting back to normal although, it wasn't the same as before wherein customers are congested inside a popular shop or whatever kind of store.

if you just got out of lockdown people started spending savings... wait until savings gone ...

spy100

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Quote from: crzy on July 21, 2020, 08:23:41 AM

Many businesses are dead but some of them are still fighting and surviving, so don't lose hope mate. I saw many dead business as well but the owners are not giving up because they adopt the new normal and shift into another business. You might think that your business is not profitable anymore, then its better for you to look for alternatives or do more online business, in my country online business grows a lot especially during the lock down up to this day.

I know exactly what to do ... but do to ethics i don't do it .... i could start manufacturing and sell cheap alcohol / booze ... alcohol biz did grate in the Great Depression ... i don't do it do to fact i know what alcoholism means ... Let others do it ... i don't want it on my conscious ...

Rosilito

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Wish for the rain? Then deal with the mud too.

No, they aren't dead. That's quite normal in this situation, imo, some companies haven't been fully operating yet hence, some employees had to be off more than what's usual, not to mention that they are now experiencing a salary cut which leads to various events, like they have set aside buying unnecessary stuff, and those stuff you mentioned.

Anyway, here, in my country (PH) have been in similar situation, fortunately, after months of lockdown where the collapse of some businesses have been witnessed, now things are seemingly getting back to normal although, it wasn't the same as before wherein customers are congested inside a popular shop or whatever kind of store.

Topic: Business / private sector is dead - page 6. (Read 1009 times)