Happier diner Posted July 7, 2022 Share Posted July 7, 2022 3 minutes ago, HeliX said: A couple of small business owners I know used the TT period, and to a lesser extent MGP, to prop up their business the rest of the year. That's not a sustainable way to run a business is it? 1 Quote Link to comment Share on other sites More sharing options...
HeliX Posted July 7, 2022 Share Posted July 7, 2022 1 minute ago, Happier diner said: That's not a sustainable way to run a business is it? It worked for around 40 years. It was more effective at the start when we had tourism year-round, but yeah it seems it was sustainable. Quote Link to comment Share on other sites More sharing options...
Max Power Posted July 7, 2022 Share Posted July 7, 2022 Just now, Happier diner said: That's not a sustainable way to run a business is it? It obviously is, the alternative is that they don't run the business at all, and the island suffers as all those places to go disappear completely as they are unsustainable! 1 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 7, 2022 Share Posted July 7, 2022 6 minutes ago, Max Power said: One restaurant owner, now multiply that to take in hotel owners, all cafes and restaurants, bars, shops etc etc, must be a lot of big holidays being paid for? That restaurant owner wouldn't go on holiday then, if no TT? My point was that it was only a marginal benefit and bloody hard work. 1 Quote Link to comment Share on other sites More sharing options...
Cambon Posted July 7, 2022 Share Posted July 7, 2022 2 minutes ago, Happier diner said: That's not a sustainable way to run a business is it? It is the way most American businesses work. Black Friday being the day the company's balance sheets finally go in the black! Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 7, 2022 Share Posted July 7, 2022 Just now, Max Power said: It obviously is, the alternative is that they don't run the business at all, and the island suffers as all those places to go disappear completely as they are unsustainable! It your business is at such a critical point of being viable you are doomed anyway. Yes sure, there might be one or two for which it makes a difference but for good businesses this is not the case. You make it sound like all the hotels and restaurants would go out of business without TT and I am afraid that is nonsense. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 7, 2022 Share Posted July 7, 2022 (edited) 2 minutes ago, Cambon said: It is the way most American businesses work. Black Friday being the day the company's balance sheets finally go in the black! Can you prove that? I think you mean retail businesses Edited July 7, 2022 by Happier diner Quote Link to comment Share on other sites More sharing options...
HeliX Posted July 7, 2022 Share Posted July 7, 2022 1 minute ago, Happier diner said: It your business is at such a critical point of being viable you are doomed anyway. Yes sure, there might be one or two for which it makes a difference but for good businesses this is not the case. You make it sound like all the hotels and restaurants would go out of business without TT and I am afraid that is nonsense. Not necessarily disappear, but certainly scale back on staffing numbers and probably hike prices. At least in the cases of those I'm familiar with. 1 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 7, 2022 Share Posted July 7, 2022 1 minute ago, HeliX said: Not necessarily disappear, but certainly scale back on staffing numbers and probably hike prices. At least in the cases of those I'm familiar with. That's a bit more like it. @Max Poweris over egging it somewhat. Quote Link to comment Share on other sites More sharing options...
Max Power Posted July 7, 2022 Share Posted July 7, 2022 7 minutes ago, Happier diner said: That's a bit more like it. @Max Poweris over egging it somewhat. No I'm not, there has to be a level where it becomes pointless running your own business, you may be solvent but the boost you get with peak times make it worthwhile. Without those peaks, you may as well work for someone else shuffling paper! Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 7, 2022 Share Posted July 7, 2022 1 minute ago, Max Power said: No I'm not, there has to be a level where it becomes pointless running your own business, you may be solvent but the boost you get with peak times make it worthwhile. Without those peaks, you may as well work for someone else shuffling paper! I meant you are over egging the number that fall into that category. I agree that there might be some, but I dont think it's as many as you are making out. Many businesses suffer during TT as their business disappears for 2 weeks. 1 Quote Link to comment Share on other sites More sharing options...
Max Power Posted July 7, 2022 Share Posted July 7, 2022 15 minutes ago, Happier diner said: I meant you are over egging the number that fall into that category. I agree that there might be some, but I dont think it's as many as you are making out. Many businesses suffer during TT as their business disappears for 2 weeks. Genuine question, which businesses? We used to say that the motor trade suffered during the TT but that simply wasn't the case. We tried to reduce bookings and appointments by discouraging locals as some staff took holidays, but these filled up with visitors anyway. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 7, 2022 Share Posted July 7, 2022 3 minutes ago, Max Power said: Genuine question, which businesses? We used to say that the motor trade suffered during the TT but that simply wasn't the case. We tried to reduce bookings and appointments by discouraging locals as some staff took holidays, but these filled up with visitors anyway. Electricians, plumbers, plasterers, ground workers as examples. Not all but some. Some builders stop for the duration. Many ground workers are laid off for 2 weeks as they can't work on the roads. 1 Quote Link to comment Share on other sites More sharing options...
Passing Time Posted July 7, 2022 Share Posted July 7, 2022 55 minutes ago, HeliX said: A couple of small business owners I know used the TT period, and to a lesser extent MGP, to prop up their business the rest of the year. I doubt that happens now though. Several people told us that this year's holiday was taken care of in 2019. The big difference is that they used to come over with a large holiday fund. Thanks to increasing costs across the board, this is no longer the case. Quote Link to comment Share on other sites More sharing options...
Steady Eddie Posted July 7, 2022 Share Posted July 7, 2022 35 minutes ago, Max Power said: No I'm not, there has to be a level where it becomes pointless running your own business, you may be solvent but the boost you get with peak times make it worthwhile. Without those peaks, you may as well work for someone else shuffling paper! That’s very true. Unless the flexibility in working hours works for you below a certain point there is no point in putting up with all the stress risk and hassle of running your own business if you’re only taking home what you could get for working for someone else instead. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.