The fate of the small businesses

[Starmix]

The vision of the small business owners is to bring their businesses to the next level. Unknown risks may hamper their dreams to meet what's printed in their vision. Their missions to surpass risks may not be attained because the work of inflation is hard to defeat only time can tell as to when our economic lives will be back to its normalcy. My small business alone is one concrete example. I may not proceed to my plan to open another branch because the prices of my milk tea ingredients are getting higher so I imposed increase. The sales aren't the same. I'm afraid of this sudden fluctuation of sales.

 

[King Belieal]

It is not only small businesses that suffer these things. Big businesses are also suffering reduced patronage. You just have to find creative ways to stay afloat. Think of alternative ingredients that might not be so expensive.

 

[Starmix]

It is not only small businesses that suffer these things. Big businesses are also suffering reduced patronage. You just have to find creative ways to stay afloat. Think of alternative ingredients that might not be so expensive.

I cannot change the ingredients because my business is created under franchising. I just hope that my customers will understand that all things sold now are in the abnormal prices.

 

[Augusta]

Well, that's what you get when you are in business. you should always expect changes but be proactive to tackle it too

 

[eLdavis]

The truth of the matter is that at the moment both big and small businesses are suffering, though I think the small ones would be facing it more

 

[Starmix]

That's what I'm facing now,but I stay positive hoping the sales improve in the coming days. It's worrisome though but I continue hoping positively.

 

[Fidelia]

Do you have a medium for reaching the customers of your business as in communicating with them and explaining things to them. I quite understand how this things affect the business.

 

[Starmix]

My business is located inside the mall and the people just buy and go. Different faces are seen everyday, seldom see the same faces only my friends who drop by every Friday evening.

 

[Fidelia]

My business is located inside the mall and the people just buy and go. Different faces are seen everyday, seldom see the same faces only my friends who drop by every Friday evening.

You should have made efforts to get to know your customers. Even though it is located at the mall, a serious business would have a database of it's customers.

 

[Starmix]

You should have made efforts to get to know your customers. Even though it is located at the mall, a serious business would have a database of it's customers.

I tried one but I was snobbed. My sister got mad but it's business and my concern is their money. People have different attitudes.

 

[Suba]

One of the impacts of inflation is on food entrepreneurs. Prices of food raw materials are rising simultaneously, making it very difficult for food stall and restaurant businesses to determine selling prices.

 

[Kross]

One of the impacts of inflation is on food entrepreneurs. Prices of food raw materials are rising simultaneously, making it very difficult for food stall and restaurant businesses to determine selling prices.

I still believe that restaurants that have been established don't really have a problem fixing prices for their meals because people would still buy.

 

[Starmix]

Well, that's what you get when you are in business. you should always expect changes but be proactive to tackle it too

Yeah, we always expect changes, that's the road for small businesses but if the goal of the owner is make it big, it surely happens.

 

[Augusta]

Yeah, we always expect changes, that's the road for small businesses but if the goal of the owner is make it big, it surely happens.

To make it big comes with its own challenges wejudt have to be proactive to tackle it when they arise

 

[Starmix]

To make it big comes with its own challenges wejudt have to be proactive to tackle it when they arise

Planning too is vital for it's on there the business owner starts and get hints on how to make his business grow big.

 

[Suba]

I still believe that restaurants that have been established don't really have a problem fixing prices for their meals because people would still buy.

We also have to look at who our consumers are, if our consumers are mostly low-level employees with small salaries or regional minimum wages it is not possible to raise selling prices appropriately, because their salaries do not increase, if business people force them to raise prices, employees will be more inclined to bring food from home.

 

[Stardom22]

The small businesses are really at steak as the bigger businesses, whales are being involved in the unfair business practices like unfair competition among other unlawful business practices.

 

[Starmix]

Small businesses are affected this time but if properly managed it would strive. Just do the right planning and pricing must be based from the suggested retail price.