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Well said. The lockdown presents an opportunity. Imagine you run a small customer facing business where the premises could do with refurbishment. Under normal
by Theodores 7y ago
Well said.
The lockdown presents an opportunity. Imagine you run a small customer facing business where the premises could do with refurbishment.
Under normal circumstances you cannot close the doors for however long it takes to redecorate the place, maybe putting in modern lighting and air conditioning. Too much revenue would be lost plus there would be the matter of goodwill with customers discovering rival shops.
Most of these businesses are cash driven, there isn't a lot in the bank. So, right now the business has to shut up shop, game over thanks to consequences of the virus.
Now, if you did have the capital to spend on the premises, you could shut the doors to the customers and hire the usual team to help out on the refurbishment. They might not have the paperwork for the HVAC work or for doing electrical work but they could put everything in place for when times change and the electrician or HVAC engineer could be called out. Painting the walls or assembling shop fittings can be done by almost anyone, albeit not as quickly or proficiently as the professionals.
When the hysteria is over and 'herd immunity' is reached then the refurbished business can reopen. With more up to date premises and a fresh look this should result in better sales.
Sometimes 'charity starts at home' and helping one's preferred local business to make something of the opportunity rather than close is worth a go. If you are a customer then even just talking to your favourite shop about opportunities is useful, 'customer feedback'. It could be your hairdresser, a cafe or a shop that could do with the suggestion. Perhaps they don't notice the grubby walls as they work there day in and day out, whereas, you as a customer, might notice such things but never say anything as you like the staff. Time to speak up before they close.
- chii 7y agoThis is what the australian gov't intends to do - allow businesses to tax deduct, fully up-front, any capital expenditure during this period (up to some limit i recall). There's also loans available too apparently (tho how that's structured is something i haven't found out yet).