2011 - Scared or excited?

[Mike Seddon]

I'm curious as to how everyone views the coming year.

Clearly these are challenging economic times for many but there is always a ying to a yang.

So how do you feel about 2011?

Optimistic?
Cautious?
Scared Sh1tless?

Mike

 

[Junaid]

I believe that businesses should always be optimistic and hopeful but cautious and sensible. It shouldn't make a difference what year it is, because storms come and go - the key is to be stable throughout all times. That doesn't mean some businesses wont struggle - they surely will, but you have to keep your thinking hats on and adapt to the situation.. like a scale, when the balance tips towards one side that may look negative, on the up-scale there will be a positive waiting to be discovered.

 

[thebigIAM]

My outlook changes according to what petrol prices are doing.

 

[Richard BF]

im WELL excited ....

im only 18 so I can be haha

 

i make the best of my time we dont have long left so have fun everyday

 

[Matt1959]

I'm ok in my own small way. 2011 has got off to a great start for me. I think now the uncertainty has died down, people will come out of the woodwork and spend....

 

[Fill-Your-World]

A complete mix of excitement and fear...

Excitement because we have just launched a new company, which is a wholesale version of our existing retail end store, and because we are moving to a much larger premises in April which I cant wait for!

And fear because we have just been hit with a £13,500 tax bill from last years accounts....hmm wasn't expecting it be quite that high!

As a result, cashflow is now a bit tight and what with all the new things happening I having having to tread with caution somewhat!....

 

[MASSEY]

Im very optimistic. 2010 was a good year for me i think this year is going to be even better.

 

Not to bothered ,but feel sad for the younger generation and suspect things will get a tad worse and may never get better unless we stop employing half wits to run the country.IMHO.

Earl

 

[Matt1959]

Not to bothered ,but feel sad for the younger generation and suspect things will get a tad worse and may never get better unless we stop employing half wits to run the country.IMHO.

Earl

earl, you're turning into a glass half empty kind of guy these days:|

 

earl, you're turning into a glass half empty kind of guy these days:|

I have watched various baboons over many years and my words would be"same as,same as ,only worse this time"

Running on air is not a good idea if you are at 40,000 feet.:|

Not seen one suggestion from the muppets on how we are going to earn some money,only loads on how we can save money.But the figures do not add up so they are just pandering to the mob.IMHO

Earl

 

[MASSEY]

Not to bothered ,but feel sad for the younger generation and suspect things will get a tad worse and may never get better unless we stop employing half wits to run the country.IMHO.

Earl

This is a pretty interesting ramble from sugar in my opinion. He is right though we dont conduct ourselves in the same way other countries do.

http://www.facebook.com/notes/lord-...ent-really-fails-to-support-d/151791001508071

 

[Beachcomber]

I'm looking forward to 2011 - the vast majority of the 'economic troubles' are imaginary media hype and flannel which do nothing but panic people into being overly cautious.

Whatever the economy is doing, there are always people who need stuff - all you need to do is shift the right stuff to the right people.

earl, you're turning into a glass half empty kind of guy these days:|

Optomist= Glass half full
Pessimist = Glass half empty
Engineer - Glass is twice the size it needs to be.

 

[silvermusic]

Personally I'm looking forward to it, I have a new venture in the planing stage at the moment which is totally different to my current business. It's entirely possible should this really take off in a big way that I'll close my existing business down, although for the moment they'll run side by side. I've got to the stage now where I don't feel secure being in just one sector of products and after around eight years I feel like a new challenge.

 

[oliverbanks]

Excited. 2011 is gonna be the start of my life. I'm 17 and will look to make my fortune. Wish me luck.

 

This is a pretty interesting ramble from sugar in my opinion. He is right though we dont conduct ourselves in the same way other countries do.

http://www.facebook.com/notes/lord-...ent-really-fails-to-support-d/151791001508071

Good ramble by Mr Sugar about sums up the lack of common sense in government.

Possibly the greatest engineering nation on earth being wasted in McDonalds for the price of a big mac.

Earl

 

[davidgilham]

Scared and excited! You never know what's around the corner but it's worth giving a good crack.

Its a mix of media hype and genuine financial despair. Only time will tell the potential permanent effect it's going to have on our country.

 

[directmarketingadvice]

Not to bothered ,but feel sad for the younger generation and suspect things will get a tad worse

I'm about the same.

I suspect this year could be the start of phase 2 of the financial crisis and, if there are cuts, there'll be a lot of disruption.

However, I'll probably be one of the least affected.

And, like Earl, I think it's the young people who are likely to pay the biggest price. (Like being conscripted to fight in the war against China... but don't worry, that shouldn't be in the next 5 years!)

Steve

 

[accountancyextra]

Interesting, I read the Alan Sugar rant last night and then this was announced on the news this morning

Are there really no porcelain manufacturers in the UK?

 

[adventurelife]

I'm about the same.

I suspect this year could be the start of phase 2 of the financial crisis and, if there are cuts, there'll be a lot of disruption.

However, I'll probably be one of the least affected.

And, like Earl, I think it's the young people who are likely to pay the biggest price. (Like being conscripted to fight in the war against China... but don't worry, that shouldn't be in the next 5 years!)

Steve

I tend to agree about the financial bit but not the China bit.

All my businesses are non essential spend so I have no doubts it will be a challenge again this year to grow, but life was never meant to be easy and it would be boring if it was.

 

[I Love Spreadsheets]

Last year was a really bad year for me, my daughter fell really ill when giving birth to my grandson so I had to abandon the business for over 3 months to look after them (They are all 100% ok now). As a result all the marketing and trading stopped.

So back in Novemeber I had no money left to market the business and as a result I was planning on closing the business down in January.

However 2 rush jobs came in over christmas, there is moeny in the bank, a new marketing plan is in the pipeline and things are all go, go go again. So colour me excited for 2011

 

[directmarketingadvice]

I tend to agree about the financial bit but not the China bit.

You think it will be sooner?

Steve

 

[adventurelife]

Last year was a really bad year for me, my daughter fell really ill when giving birth to my grandson so I had to abandon the business for over 3 months to look after them (They are all 100% ok now). As a result all the marketing and trading stopped.

So back in Novemeber I had no money left to market the business and as a result I was planning on closing the business down in January.

However 2 rush jobs came in over christmas, there is moeny in the bank, a new marketing plan is in the pipeline and things are all go, go go again. So colour me excited for 2011

Sorry to hear about your family and glad they are all okay again.

Focusing on the business issues your situation is one I am forever banging on about to small businesses.

If the business cannot survive without you not being there you do not have a business but a huge gamble going on.

You cannot control situation such as you describe they will happen to every single one of us in one way or another. It will happen fact.

Therefore, it amazes me businesses do not plan for it and ensure they have a way of dealing with it.

There are many ways of dealing with it

My preference is to have systems and people in place so I am non essential, however, others can deal with it by having decent reserves in the bank.

That is only a short term fix though as if it is a long break reserves run out and the business clients go elsewhere.

Another way is to have a range of out source partners able to take up the work.

Everyone will have a different way of dealing with it to suit their business but it is essential that it is thought through and planned for.