#ServiceIndustry #Downturn π
Hey everyone! π It seems like the service industry is really feeling the effects of the current situation. π My friends who work in hospitality and as a barber have been facing major slowdowns in their businesses. It’s heartbreaking to see them struggle.
I’m curious, what’s the situation like in your area? Are you noticing a downturn as well? Let’s share our experiences and see how we can support each other through this tough time.
Possible solution:
Here are some ideas that might help navigate this challenging period:
– Offer takeout or delivery options if possible π
– Collaborate with other local businesses for promotions π€
– Focus on building an online presence and engaging with customers through social media π»
Let’s brainstorm together and come up with ways to bounce back stronger! πͺ #SupportLocal #CommunityStrong
Near my office (Sydney) there have been at least two cafes shut down, and one of them was my local that I frequented. Since then I’ve also seen other cafes in the area dropping their opening hours. I think things are pretty rough right now for everyone.
Food is so bad in Sydney that I’m even surprised there aren’t more closures. Only the large population of people that don’t know how to cook or are unable to manage their diets is keeping mediocre businesses in business.
Food and the crowd are just abysmal. The only concern for Sydney, Australia’s “Global” city, is what will replace these failures? Barber shops and souvenir shops?
Also for finance and tech, where I’m both heavily involved in.
Lots of brand new bars and restaurants opening around me, but thereβs a lot of the businesses that were running on covid debt failing and closing their doors too, they canβt handle the debt, the downturn, and the increased costs all in combo.
Barbers seem super busy, just had a new one open next door with 3 chairs and theyβve built up clientele quickly.
Lots of new tobacconists everywhere. Apparently theyβre really profitable wink wink.
We’re almost at peak bust cycle with the rates. It’ll recover in about two quarters.
They need to get on the NDIS rort. I have a mate who was a head-brewer and lost his job. He started driving for Uber and got NDIS Accredited. He is earning more than he did as a brewer and only does Uber on weekends if he feels like it.
Last week he drove a client down the highway from one coastal town to another for a Tinder date and got paid $750. The client had a license but no car to get him to his date. A hire car would have been ~$100 plus petrol.
dribs and drabs?
It’s also the dead of winter. Hospo slowest season.
Yet, if you want to get someone to tile your floor or paint your house it’s $1,000 a day and you’ll have to wait three months for them to get round to you.
Not all jobs are the same.
Spending is down and as someone who owns a hospitality business there’s also about 4 or 5 shops opening in any given suburb every month. Most of them by people who have no idea and think it’s a get rich quick type of business and end up going bust within a year.
$90 bucks for a fade and beard trim in Melb CBD
give it a rinse
Our IT business has had a pretty quiet two months. My housemate is being sent home from his woodworking job because they have nothing to do.
Yep , and it hasnβt started yet , worse yet to come
Just anecdote, the Vietnamese nail salon at Westfield still fully packed. But working in retail sales has droppedand thievery has increased.
Iβve worked in barber shops for at least 10 years and itβs the exact same situation every year without fail. May-June, super quiet. Manager and owner freaking out and on everyoneβs ass like the shops gonna have to close tomorrow. Then as soon as the new month hits and kids start going on their holidays and itβs busy and completely back to capacity. Donβt business owners look up the numbers for the same quarter last year and make adjustments from there??
We had the worst month in our cleaning business this month coincidentally
Apparently we added 40k jobs last month, two speed economy is crazy
Not really service industry but I sell aquarium plants as a little side hustle & this month’s revenue has been about half what it normally is.
I’ve been In my hospo job for the last 10 years and we’ve noticed a bit of a drop off and it’s not just hospo either, a lot of customers are tradies etc and they’re getting less work as well
Apparently this is the worst winter quarter Canberra has experienced since the GFC
It’s gonna be an interesting few months
rural NSW, no downturn here, everyone flat out and most require staff.
I would say some of this has to do with it being winter. Hopefully things pick up in a couple of months.
My local barber has also said things have slowed down for him. They’ve noticed that regular customers are leaving a longer gap in time, between haircuts.
This is what happens when your whole economy is just one big ponzi scheme built around real estate. People have less disposable income because it’s all going towards mortgages and rent. Canada is a window to the future. It’s only going to get worse as time goes on.
They canβt remember 2020?
Barber is interesting because presumably people still need their hair cut. Are they leaving it for longer or are they going DIY?
Seen a few shops going under.
It’s great to see really.
It just means the economy is in balance.
Almost every industry is downturnβ¦. My friend owns a dentist and they are struggling! My companyβs turnover dropped by close to 30%
Yeah, thatβs what happens in a recession
My local barber has been busier than ever, he even got one extra employee now. Normally I would be able to get haircut without waiting when I come at 11am weekdays, not anymore.