| The collateral damage from Cornoavirus 15:36 - Mar 13 with 8538 views | clive_baker |
Is going to be material. There's a heck of a lot of businesses out there that simply can't afford a few bad periods.
3 of my friends have today been made redundant.
It's only when the tide goes out do you discover who has been swimming naked. [Post edited 13 Mar 2020 15:37]
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| The collateral damage from Cornoavirus on 15:40 - Mar 13 with 7312 views | monytowbray |
Saw a bloke earlier on LinkedIn say "It's time like these you see who the real hard workers who care about the business are and those who jump at the chance to not come in" |  |
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| The collateral damage from Cornoavirus on 15:49 - Mar 13 with 7249 views | Darth_Koont |
Yeah, I think it's going to get nasty for a fair number of businesses. And unfortunately for far too many people in the gig and zero hour contract economy.
That's why at a certain point we'll need to be very cautious about sacrificing too much for Coronavirus - a tanking economy will statistically kill hundreds of thousands early and shorten average life expectancy in the long term too.
It's still early days and there's too much we need to know about the virus and its effect before then. But I'm not sure it will take too long until the collateral losses we're prepared to take swing towards those specifically at risk from coronavirus rather than the population as a whole.
Sorry to hear about your friends. I hope they get proper support - any mass redundancies will also demand getting back to "normal" for the rest of the economy so that we can pay for that support. |  |
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| The collateral damage from Cornoavirus on 15:49 - Mar 13 with 7249 views | jeera |
| The collateral damage from Cornoavirus on 15:40 - Mar 13 by monytowbray |
Saw a bloke earlier on LinkedIn say "It's time like these you see who the real hard workers who care about the business are and those who jump at the chance to not come in" |
He's partially right isn't he.
But at the same time it's an irresponsible thing to say if it encourages unwell people to go to work because of that pressure. |  |
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| The collateral damage from Cornoavirus on 15:53 - Mar 13 with 7220 views | monytowbray |
| The collateral damage from Cornoavirus on 15:49 - Mar 13 by jeera |
He's partially right isn't he.
But at the same time it's an irresponsible thing to say if it encourages unwell people to go to work because of that pressure. |
He's partially right, but also outed himself as a heartless self-serving bastrad. | |
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| The collateral damage from Cornoavirus on 15:54 - Mar 13 with 7219 views | jeera |
| The collateral damage from Cornoavirus on 15:53 - Mar 13 by monytowbray |
He's partially right, but also outed himself as a heartless self-serving bastrad. |
Well, quite. | |
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| The collateral damage from Cornoavirus on 16:08 - Mar 13 with 7152 views | Illinoisblue |
| The collateral damage from Cornoavirus on 15:40 - Mar 13 by monytowbray |
Saw a bloke earlier on LinkedIn say "It's time like these you see who the real hard workers who care about the business are and those who jump at the chance to not come in" |
I am frequently repulsed by the BS, fluff and utter nonsense on LinkedIn. Also, from a UX perspective, one of the worst sites ever designed. |  |
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| The collateral damage from Cornoavirus on 16:17 - Mar 13 with 7102 views | Dubtractor |
| The collateral damage from Cornoavirus on 15:49 - Mar 13 by Darth_Koont |
Yeah, I think it's going to get nasty for a fair number of businesses. And unfortunately for far too many people in the gig and zero hour contract economy.
That's why at a certain point we'll need to be very cautious about sacrificing too much for Coronavirus - a tanking economy will statistically kill hundreds of thousands early and shorten average life expectancy in the long term too.
It's still early days and there's too much we need to know about the virus and its effect before then. But I'm not sure it will take too long until the collateral losses we're prepared to take swing towards those specifically at risk from coronavirus rather than the population as a whole.
Sorry to hear about your friends. I hope they get proper support - any mass redundancies will also demand getting back to "normal" for the rest of the economy so that we can pay for that support. |
I wonder whether those thoughts play a part in our country's less drastic approach to shut down so far? |  |
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| The collateral damage from Cornoavirus on 16:22 - Mar 13 with 7063 views | m14_blue |
| The collateral damage from Cornoavirus on 15:53 - Mar 13 by monytowbray |
He's partially right, but also outed himself as a heartless self-serving bastrad. |
It’s also a completely thick and irresponsible attitude.
The selfless thing to do in this situation is to self isolate, the easy (and incredibly selfish) option is to be a martyr and carry on as normal, spreading the disease as you go.
There may be a few who will take advantage but to suggest it’s somehow noble to soldier on is idiotic in the extreme. |  | | |
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| The collateral damage from Cornoavirus on 16:39 - Mar 13 with 7002 views | Oldsmoker |
I worry about my friend who runs the local corner shop.
He could be a hotspot for catching the virus and passing it on to others. |  |
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| The collateral damage from Cornoavirus on 16:44 - Mar 13 with 6973 views | Darth_Koont |
| The collateral damage from Cornoavirus on 16:17 - Mar 13 by Dubtractor |
I wonder whether those thoughts play a part in our country's less drastic approach to shut down so far? |
I hope they are part of the response thinking. The spread of the virus and the overall effect and cost of different responses should all be in some frightening statistical model. But understandably nothing they want to talk about.
We already do similar with the NHS and healthcare economics. We use money to buy Quality-adjusted Life Years and if the cost is too high for a particular therapy and the QALYs it provides, then the therapy just won't be available on the NHS. We have to put a financial value on human life and suffering to make sure the available money is used in the best way overall. So some people die of incurable cancers earlier because a lot more people need hip replacements, which is the harsh reality. | |
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| The collateral damage from Cornoavirus on 16:50 - Mar 13 with 6943 views | manchego |
My guitar teacher pal was told by one of his schools not to come in. His son who is in a band just had a tour cancelled.
For self employed musicians it's a killer. Half my music work is self employed so I'll be half fkd if schools shut. |  | | |
| The collateral damage from Cornoavirus on 16:54 - Mar 13 with 6925 views | connorscontract |
Edinburgh Airport has just warned that it may receive no flights for three months.
No regional airports anywhere in Europe will survive that. They are mostly privately run, and have debts and ongoing liabilities.
Which low-margin budget airlines will survive? Flybe has already gone.
Just one industry. | | | |
| The collateral damage from Cornoavirus on 17:03 - Mar 13 with 6888 views | Lord_Lucan |
Everything you can imagine will be hit and unless a miracle happens many people will go bust. I am very nervous about getting money in now, loss of trade I can handle but bad debts are another thing.
I don't think many people appreciate how much of a domino effect it will be. I was thinking earlier for example about a trade show we exhibited at last month. We have an average size stand, it was 6m x 4m and it cost us about £8k, the exhibition has about 10 halls each as big as a football pitch. Say the exhibition was cancelled, how much will that cost the promoter? What about all the companies relying on the fair? What about the hotels, restaurants, pubs and clubs? This is just one example of one scenario.
What about the big high street boys? Debenhams, Marks and Sparks etc? They cannot pay rent without turnover and they are always a bad season away from going bust. Funnily enough I was talking to a friend at the fair who supplies Debenhams. I mentioned I would be nervous supplying them and asked how much they were owed, he advised that at any one time Debenhams owe them £200k, I asked if he could survive that hit and he immediately replied "No" [Post edited 13 Mar 2020 17:41]
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| The collateral damage from Cornoavirus on 17:05 - Mar 13 with 6858 views | hampstead_blue |
| The collateral damage from Cornoavirus on 16:08 - Mar 13 by Illinoisblue |
I am frequently repulsed by the BS, fluff and utter nonsense on LinkedIn. Also, from a UX perspective, one of the worst sites ever designed. |
It has gems among the guff.
Too many 'coaches' and crap for my liking. |  |
| Assumption is to make an ass out of you and me.
Those who assume they know you, when they don't are just guessing.
Those who assume and insist they know are daft and in denial.
Those who assume, insist, and deny the truth are plain stupid.
Those who assume, insist, deny the truth and tell YOU they know you (when they don't) have an IQ in the range of 35-49.
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| The collateral damage from Cornoavirus on 17:06 - Mar 13 with 6854 views | monytowbray |
| The collateral damage from Cornoavirus on 16:50 - Mar 13 by manchego |
My guitar teacher pal was told by one of his schools not to come in. His son who is in a band just had a tour cancelled.
For self employed musicians it's a killer. Half my music work is self employed so I'll be half fkd if schools shut. |
Got a few mates who are struggling as they are tour managers, drivers, techs or merch people.
The government should be supporting gig workers. I’m lucky I can work remotely and I have just taken out income insurance which I should have done earlier really. | |
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| The collateral damage from Cornoavirus on 17:09 - Mar 13 with 6831 views | Illinoisblue |
| The collateral damage from Cornoavirus on 17:03 - Mar 13 by Lord_Lucan |
Everything you can imagine will be hit and unless a miracle happens many people will go bust. I am very nervous about getting money in now, loss of trade I can handle but bad debts are another thing.
I don't think many people appreciate how much of a domino effect it will be. I was thinking earlier for example about a trade show we exhibited at last month. We have an average size stand, it was 6m x 4m and it cost us about £8k, the exhibition has about 10 halls each as big as a football pitch. Say the exhibition was cancelled, how much will that cost the promoter? What about all the companies relying on the fair? What about the hotels, restaurants, pubs and clubs? This is just one example of one scenario.
What about the big high street boys? Debenhams, Marks and Sparks etc? They cannot pay rent without turnover and they are always a bad season away from going bust. Funnily enough I was talking to a friend at the fair who supplies Debenhams. I mentioned I would be nervous supplying them and asked how much they were owed, he advised that at any one time Debenhams owe them £200k, I asked if he could survive that hit and he immediately replied "No" [Post edited 13 Mar 2020 17:41]
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Good point on the trade shows. Our company does a ton of them every year across Europe and day by day they’re getting canceled. We generate a lot of leads from the shows so we’re fooked there and then as you say the knock on effect of hotels, restaurants etc. these are genuinely bad times. And El Trumpo is going to declare a national emergency this afternoon. We are living in history | |
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| The collateral damage from Cornoavirus on 17:18 - Mar 13 with 6781 views | Illinoisblue |
| The collateral damage from Cornoavirus on 17:05 - Mar 13 by hampstead_blue |
It has gems among the guff.
Too many 'coaches' and crap for my liking. |
There is the occasional decent article on there but for every one good thing there’s a thousand “inspirational tale of why getting up at 4am to every day to do an hour of yoga before heading to work is the best thing ever”. Generally want to punch those people in the throat. Also, overuse of hashtags. | |
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| The collateral damage from Cornoavirus on 17:37 - Mar 13 with 6734 views | jeera |
| The collateral damage from Cornoavirus on 17:18 - Mar 13 by Illinoisblue |
There is the occasional decent article on there but for every one good thing there’s a thousand “inspirational tale of why getting up at 4am to every day to do an hour of yoga before heading to work is the best thing ever”. Generally want to punch those people in the throat. Also, overuse of hashtags. |
#ihatethosethings | |
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| The collateral damage from Cornoavirus on 17:38 - Mar 13 with 6727 views | monytowbray |
| The collateral damage from Cornoavirus on 17:18 - Mar 13 by Illinoisblue |
There is the occasional decent article on there but for every one good thing there’s a thousand “inspirational tale of why getting up at 4am to every day to do an hour of yoga before heading to work is the best thing ever”. Generally want to punch those people in the throat. Also, overuse of hashtags. |
Hustle Porn is the one I hate most. Usually by privileged white BIZNIZ dudes who think because they’ve made it life anyone can do it and it’s their own laziness/poor planning if they haven’t. | |
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| The collateral damage from Cornoavirus on 17:46 - Mar 13 with 6718 views | Lord_Lucan |
| The collateral damage from Cornoavirus on 17:09 - Mar 13 by Illinoisblue |
Good point on the trade shows. Our company does a ton of them every year across Europe and day by day they’re getting canceled. We generate a lot of leads from the shows so we’re fooked there and then as you say the knock on effect of hotels, restaurants etc. these are genuinely bad times. And El Trumpo is going to declare a national emergency this afternoon. We are living in history |
It's endless though isn't it.
Pubs are already facing a losing battle as are restaurants, football clubs are generally skint and I don't suppose the hot dog sellers have much spare cash in the bank. What about weddings? What if you have spent £30k on a wedding (bizarrely I read this is an average cost) What about the wedding suppliers, what about the hospitality staff?
Think of anything you can and think of the trail that leads to it. | |
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| The collateral damage from Cornoavirus on 17:59 - Mar 13 with 6674 views | clive_baker |
| The collateral damage from Cornoavirus on 17:03 - Mar 13 by Lord_Lucan |
Everything you can imagine will be hit and unless a miracle happens many people will go bust. I am very nervous about getting money in now, loss of trade I can handle but bad debts are another thing.
I don't think many people appreciate how much of a domino effect it will be. I was thinking earlier for example about a trade show we exhibited at last month. We have an average size stand, it was 6m x 4m and it cost us about £8k, the exhibition has about 10 halls each as big as a football pitch. Say the exhibition was cancelled, how much will that cost the promoter? What about all the companies relying on the fair? What about the hotels, restaurants, pubs and clubs? This is just one example of one scenario.
What about the big high street boys? Debenhams, Marks and Sparks etc? They cannot pay rent without turnover and they are always a bad season away from going bust. Funnily enough I was talking to a friend at the fair who supplies Debenhams. I mentioned I would be nervous supplying them and asked how much they were owed, he advised that at any one time Debenhams owe them £200k, I asked if he could survive that hit and he immediately replied "No" [Post edited 13 Mar 2020 17:41]
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Yeah, the impact is far reaching. Just about every industry is going to struggle, and as you say the high street is royally screwed.
My brother works in event insurance, they're feeling the pinch already and we've barely got started. They laid 60 people off today.
Annoys me when people say this is a March / April thing, no it's not, the damage of the back of it is going to be long lasting. | |
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| The collateral damage from Cornoavirus on 18:11 - Mar 13 with 6637 views | manchego |
| The collateral damage from Cornoavirus on 17:06 - Mar 13 by monytowbray |
Got a few mates who are struggling as they are tour managers, drivers, techs or merch people.
The government should be supporting gig workers. I’m lucky I can work remotely and I have just taken out income insurance which I should have done earlier really. |
Gig economy / zero hour people are the lowest of the low in the scheme of things.
No power or influence.
But they give us all the nice things like music and food and drink and parcels. | | | |
| The collateral damage from Cornoavirus on 18:14 - Mar 13 with 6631 views | Guthrum |
| The collateral damage from Cornoavirus on 17:03 - Mar 13 by Lord_Lucan |
Everything you can imagine will be hit and unless a miracle happens many people will go bust. I am very nervous about getting money in now, loss of trade I can handle but bad debts are another thing.
I don't think many people appreciate how much of a domino effect it will be. I was thinking earlier for example about a trade show we exhibited at last month. We have an average size stand, it was 6m x 4m and it cost us about £8k, the exhibition has about 10 halls each as big as a football pitch. Say the exhibition was cancelled, how much will that cost the promoter? What about all the companies relying on the fair? What about the hotels, restaurants, pubs and clubs? This is just one example of one scenario.
What about the big high street boys? Debenhams, Marks and Sparks etc? They cannot pay rent without turnover and they are always a bad season away from going bust. Funnily enough I was talking to a friend at the fair who supplies Debenhams. I mentioned I would be nervous supplying them and asked how much they were owed, he advised that at any one time Debenhams owe them £200k, I asked if he could survive that hit and he immediately replied "No" [Post edited 13 Mar 2020 17:41]
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Indeed, if your business has a relatively small pool of regular customers and they all start going bust (or getting ill), then you are in the manure.
I can stand a few weeks forced interruption of work (working from home is not an option), but if it gets much longer than a month, could get interesting. |  |
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| The collateral damage from Cornoavirus on 18:15 - Mar 13 with 6621 views | homer_123 |
| The collateral damage from Cornoavirus on 18:14 - Mar 13 by Guthrum |
Indeed, if your business has a relatively small pool of regular customers and they all start going bust (or getting ill), then you are in the manure.
I can stand a few weeks forced interruption of work (working from home is not an option), but if it gets much longer than a month, could get interesting. |
Seen what Germany are doing? Loans available for ALL businesses. |  |
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| The collateral damage from Cornoavirus on 18:15 - Mar 13 with 6617 views | hampstead_blue |
| The collateral damage from Cornoavirus on 17:03 - Mar 13 by Lord_Lucan |
Everything you can imagine will be hit and unless a miracle happens many people will go bust. I am very nervous about getting money in now, loss of trade I can handle but bad debts are another thing.
I don't think many people appreciate how much of a domino effect it will be. I was thinking earlier for example about a trade show we exhibited at last month. We have an average size stand, it was 6m x 4m and it cost us about £8k, the exhibition has about 10 halls each as big as a football pitch. Say the exhibition was cancelled, how much will that cost the promoter? What about all the companies relying on the fair? What about the hotels, restaurants, pubs and clubs? This is just one example of one scenario.
What about the big high street boys? Debenhams, Marks and Sparks etc? They cannot pay rent without turnover and they are always a bad season away from going bust. Funnily enough I was talking to a friend at the fair who supplies Debenhams. I mentioned I would be nervous supplying them and asked how much they were owed, he advised that at any one time Debenhams owe them £200k, I asked if he could survive that hit and he immediately replied "No" [Post edited 13 Mar 2020 17:41]
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We've just had a trade show cancelled which would have been a huge business development week for me.
We are a charity so our stand was gratis. It's much harder for those who rely on those events for this and next years revenue.
I've changed my f2f meetings to skype for the foreseeable. I've a few contracts to land and work on. Thankfully 3 have just paid! | |
| Assumption is to make an ass out of you and me.
Those who assume they know you, when they don't are just guessing.
Those who assume and insist they know are daft and in denial.
Those who assume, insist, and deny the truth are plain stupid.
Those who assume, insist, deny the truth and tell YOU they know you (when they don't) have an IQ in the range of 35-49.
| | Poll: | Best Blackpool goal |
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