Oct
22
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Economy

 

In light of recent UK and global happenings in the business world, we get asked quite frequently “how’s business?”
In truth, when you ask business people in general, there is an ethos of never saying anything bad – these are the people who are perpetually busy and making millions of £££s – AKA twisters of the truth (there is a more crass, single word name, but I’d never be so rude ;) )
When you get people who you’ve been doing business with for a while, you tend to get the real answer…

These are quite times…

For us though things are a little different.
We have almost a 2 sided business, things that need fixing (support) and things that are new (projects).
We spent a LONG time getting enough regular support  work to maintain our business, and as a result, the project work is usually where the profit comes from – Yes, I know it’s not that simple, but I’m a simple guy! ;)

We are seeing a significant drop off in the number of projects we are running with, but the support seems to be stable (nothing unusual n the support side then).
I think most businesses are seeing a similar picture – and that generally businesses are keeping hold of their cash ‘just in case’.
A prudent move methnks!

:?:


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