A group of restaurant bosses is warning the government it must act to avoid “damaging closures and job losses”.
Exactly so; ditto Australia and probably elsewhere in the la-la lands of the Addled-Anglos.
A perfect storm it is indeed – over-regulated, over-taxed, over-paid and over-capacity.
But even if all those things were to be instantly fixed (they won’t be), it remains a fact that there is one other significant factor, which is that economies are deteriorating faster than corporations can adjust. ALL the corporate owned food chains will collapse.
Running a corporation is entirely different from running a business. Entrepreneurs create cash-flow. Corporations simply purchase and manage the established brand in order to best ensure the continuance of cash-flow. Once the cash flow begins to dry up, corporations are clueless.
Even those who both establish the brand and then corporatize it themselves are left helpless. When it comes time to revitalize the brand, they discover that all their entrepreneurial people departed long ago for less stultifying climes.
The marketplace is returning to hard times – something that almost no one alive today is familiar with. It will kill their business models and a whole new generation of entrepreneurs will arise out of the ashes.
Fascinating times and, at the tender age of 72, I am revitalised as an entrepreneur. In amongst the carnage it is already possible to see enormous opportunities.