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40% of California's small businesses died in the last two years

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Re: 40% of California's small businesses died in the last two years

#61

Post by listenallyall »

grogenaut wrote: post #50
listenallyall wrote: post #37

Earlier quoted context omitted.

Not on this planet. This sounds like how you talk to your accountant, not your friends. You don't burden your friends with details this specific.

My friend wants to own a brewery and was an accountant, my other friends are in finance, banking, etc. Last time we hung out we had fun going over the business plan of the brewery my friend was working for in detail down to costs. It was a fun chat. My other friend wants to start a honky tonk in his hometown, he's in construction but was also quite interested. I don't remember all the details that's what paper is for…

Lol, just what I said - accountants (plus bankers, finance guys etc). Discussing business plans, scouting locations, splitting ownership stakes... all the fun parts of starting a business. Not so cool: years later, getting deep in the weeds bitching about raw material cost increases down to the percentage point.

Re: 40% of California's small businesses died in the last two years

#62

Post by mrguyorama »

listenallyall wrote: post #45
6bb32646d83d wrote: post #43

Earlier quoted context omitted.

I could totally see a friend spending 5mn explaining that his cost has gone up 300% when venting while getting a drink together. I don't understand why you're finding this so unbelievable.

You talk to your friends about "total burdened costs"? Or something went up exactly 170%? Not "almost tripled"? Sure.

If you and your friend are both interested in how businesses work, you're definitely going to talk shop

Re: 40% of California's small businesses died in the last two years

#63

Post by grogenaut »

listenallyall wrote: post #61
grogenaut wrote: post #50

Earlier quoted context omitted.

My friend wants to own a brewery and was an accountant, my other friends are in finance, banking, etc. Last time we hung out we had fun going over the business plan of the brewery my friend was working for in detail down to costs. It was a fun chat. My other friend wants to start a honky tonk in his hometown, he's in construction but was also quite interested. I don't remember all the details that's what paper is for…

Lol, just what I said - accountants (plus bankers, finance guys etc). Discussing business plans, scouting locations, splitting ownership stakes... all the fun parts of starting a business. Not so cool: years later, getting deep in the weeds bitching about raw material cost increases down to the percentage point.

he was evaluating an existing business he was essentually running as the accountant to buy. 3 of the people at the table were me: software, a guy in construction, and a guy who installs gym floors and is a local politican.

but hey adjuat my narritive to fit your world view.

Typos == phone and lack of care

Re: 40% of California's small businesses died in the last two years

#65

Post by farinaceous »

formerkrogeremp wrote: post #32
dijonman2 wrote: post #4

Earlier quoted context omitted.

Isn’t most of this due to lockdowns and shifting spending to online?

It's not that simple, and it never is that simple. Demand destruction in an economy predicated on consumer sentiment and ability to, well, consume ends poorly for us all. I don't see current trends, if they continue, going well for anyone.

"The child says: 'Mom won the piece of cake in the cake-lottery, she took a part for herself and made smaller pieces of it, given to me and my silblings.' +++ Commercial: 'We are the leading transport and deal plattform for cake, and the most liked farmer of your region are inviting you to the cake-lottery...' +++ " P-:

Yes, there was a comic about... hu (-;

Re: 40% of California's small businesses died in the last two years

#66

Post by ahallock »

eigenrick wrote: post #19
xxpor wrote: post #3

Earlier quoted context omitted.

Except this is the opposite of the actual problem. There's plenty of cash floating around right now: it's why inflation is high. We're finally hitting real supply limits. It's the hottest job market in most people's lifetimes. The fact of the matter is most small businesses are crap businesses. They also abuse their workers in ways big business can't get away with, both illegally and legally. If you work for an emplo…

> The fact of the matter is most small businesses are crap businesses. > They also abuse their workers in ways big business can't get away with, both illegally and legally. Really? You know this to be a fact? It appears that the only thing you know about small business comes from what you read on /r/antiwork The fact of the matter is that 47% of Americans are employed by small businesses. That percentage keeps droppi…

We really need small businesses. I would hate to see them go extinct and only be left with a few mega corporations. It would be a shame to lose the local pizzeria serving up authentic, quality food and only be left with Little Caesar's and Domino's. They both have their place.

Re: 40% of California's small businesses died in the last two years

#67

Post by EUFintecheer »

MrWiffles wrote: post #48

I just tried to look at the tweet to see where this data's coming from, but "[...] quoth the server: '404'". But really, forty percent!? For a statistical study that's an unusually convenient/round number, and for a state with the population of California, the chances of that statistic being accurate for any measurement methodology are astronomically small. Sure the dude could've been rounding it, which is totally fi…

No post body was provided.

Re: 40% of California's small businesses died in the last two years

#68

Post by anamax »

happycube wrote: post #41
anamax wrote: post #17

Earlier quoted context omitted.

> Not surprising, I see so many downtown areas still closed in the SJ area. It depends. The Mexican restaurants did really well. (They went to outside seating in tents that was much larger than what they had before and are packed.) The Asian restaurants, not so much. It might be a downtown thing more than an Asian/Mexican thing. San Jose has spent hundreds of millions of dollars over the decades trying to create a do…

Yeah, I lived there in the 90's and visited occasionally after and it was struggling then - they opened up a big outdoor mall with a large movie theater... that failed. It was much easier to build a fake downtown a few miles out (Santana Row) than gentrify^Wdevelop the real one into something successful. And in the noughts it had a Borders while pretty much all that was left of the mall was office space and a Waldenb…

San Jose's malls are far more successful than its downtown. (San Jose has a range of malls, from high-end to strip malls with actual strippers.)

I don't know whether it's the business selection (a many of the customers will be San Jose state students), the crappy parking (which means that much of the rest of the customers are the relatively few not-students who live downtown and the lunch crowd, which are relatively few because there aren't that many jobs downtown), or what, but downtown SJ is never going to be what the redevelopment district has 100s of millions to try to make.

However, I am confident that they'll spend even more in the decades to come.

Re: 40% of California's small businesses died in the last two years

#70

Post by mpalczewski »

MrWiffles wrote: post #48

I just tried to look at the tweet to see where this data's coming from, but "[...] quoth the server: '404'". But really, forty percent!? For a statistical study that's an unusually convenient/round number, and for a state with the population of California, the chances of that statistic being accurate for any measurement methodology are astronomically small. Sure the dude could've been rounding it, which is totally fi…

One can't even judge if 40% is unusual. Most businesses fail. It could a healthy sign that a bunch of businesses were started. It could be a normal amount, or it could be really terrible.

Without more context, it isn't really informative.

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