Business / private sector is dead

[akram143]

Business  / private sector is dead

As a freelancer in 2 months i got 4 clients only ... in my area 4 clients it's like your biz is dead... no matter how much you try to do marketing/advertising it just does not work ...
I look at other peoples businesses same situation ...

High Tech,Web Development,Web design ,Mobile Development ,Marketing,Blockchain development,Dapps,Web Hosting is dead from what i see


I got friends taxi drivers same situation they are just sitting in the taxi and some day zero clients ,barber shops the same they are sitting around all day smoking ... anything that seems a "luxury good" people don't touch this days.

The only thing people are buying is basic necessities ... oh also food and cigarette prices went up again ...

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

Economy i love it ...

People lost their jobs due to pandemic and they were forced to be inside their houses for very long time in some countries in that time people only spend their money to buy foods and groceries if they have any money left to spend.All other business and especially advertisement industry will take years to recovered from this so yes the economy is dead so it will be your decision whether you are going to stay like thins and blame other or go and get a job where you actually getting paid.

are you kidding me this is my job


we going to see war very soon ... if they don't fix the situation ... like you said people lost their jobs and when famine comes war comes also.

I don't understand the meaning of our words, Its my job?

How can you say that its your job, do you own any company to call it as your job!

[AjithBtc]

Business all around the world is struggling to make a comeback. The medical and pharmaceutical industries gains good revenue out of the ongoing pandemic. Governments functioning around the globe has got different plans to recover the economy directly and indirectly. Some governments have announced money to its citizens, so that they can stay home and fulfill their needs.

[exstasie]

Countries are like parallel universes ...

In country A a cheap coffee costs 1.5 euros ...

In country B a cheap coffee costs 0.05 euros ...

Sure the avg Joe from country A will buy cheap coffee from a person that lives in country B ... he keeps more money in his pocket .Sounds great until he realizes he f'd up.

The avg Joe does not realize that his destroying his job , country , family etc by doing biz with country B  ....he is destroying the businesses from country A and the suppliers etc ...he makes his country more weak...

That's the breaks. Cheaper quality aside, consumers prove time and time again that keeping goods cheap is of the utmost importance. Free trade policies cater to both consumer interests and those of large multi-national corporations.

As for small businesses, who cares about them?

[fiulpro]

Business  / private sector is dead

As a freelancer in 2 months i got 4 clients only ... in my area 4 clients it's like your biz is dead... no matter how much you try to do marketing/advertising it just does not work ...
I look at other peoples businesses same situation ...

High Tech,Web Development,Web design ,Mobile Development ,Marketing,Blockchain development,Dapps,Web Hosting is dead from what i see


I got friends taxi drivers same situation they are just sitting in the taxi and some day zero clients ,barber shops the same they are sitting around all day smoking ... anything that seems a "luxury good" people don't touch this days.

The only thing people are buying is basic necessities ... oh also food and cigarette prices went up again ...

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

Economy i love it ...

Most of the private owned business which are concerned with transportation are dead and people are suffering huge loss , my own father had to sell his business because since the pandemic it wasn't allowed to function and even now it's so tight that people barely use them at all.

The government promises to provide explanation and huge help for the small businesses but at the end of the day it never reached the smaller sector .

Stimulus bills are for the rich and wealthy nations where the Government can afford to provide money to the people in need , for the small countries people have to fend for themselves and most of the companies who are still working are giving 50% less salary to the people who are joining fresh .

It does not matter what is stated on the internet , what matters is what do people experience when they go out in public looking for jobs , the media does not give a fair word out in the public.

I do understand this because I have seen my father struggle during the Pandemic , this is why I support cryptocurrencies since even in this time we do have a way to earn internationally , Students can even do part time jobs here , signature campaigns are still working and this is the kind of governance we need .

-°-

Hopefully the Government will understand their shortcomings and then try and help people for real , provide them jobs , don't give them money every once in a while~

Expand your local business and support the local sellers , be self sufficient this way you will be able to employee people at the same time make the economy grow .

[reliable]

There is a lot on the government plate to take car of its citizens and the small business units. Because since from past 4 months units are shut and do not have any income to play to laborer’s. This is creating a big issue and now government need to provide some relief to all such sectors and units who are facing financial crunch.

[coinfinger]

Well first off what country are you even referring to? This is a global forum. Also, you're right, business is hurting all around there is no question about that.  My own career has come under great fire of late, people aren't able to transact like normal in large part.

However, you're money is not all going to go away in the stock market.  You're wrong, that's simply not going to happen.  With earnings reports for Quarter 2 continue to roll in we could see a massive drop in markets, but markets always come back.  If they dont? Well, then we've got the apocalypse.

I guess he is referring to the third world countries as those are the regions where the pandemic has affected the most to the economy. Stock of pretty much every company has taken a fall due to the pandemic situation. As the businesses are starting to resume slowly and getting back to normal, the stock prices should start rising again.

We will surely see an uptrend in all the well known stocks in the next few months. Let's just hope the pandemic doesn’t get even more worse than it already is, and no country has to face economic crisis as it takes minimum 2-3 years for a country to get back on its feet.

[deisik]

You basically confirm what I'm saying, i.e. that a decent chocolate bar costs 2 euro and a shitty one a quarter of that. If you would have to pay the same price for good stuff and trash, you would be right. And you would be right too if you paid different prices for essentially the same stuff, like 2 euro for a European chocolate bar and 0.5 euro for the same quality out of some backward country where the labor is cheap. But this is not the case as you say yourself

why would all of the sudden the topic changes from private sectors from being dead to chocolate. I guess you have made a lot of discussions to which lead out to concrete evidences on the private sector

I'm not sure how to understand this part

What evidence are you talking about? Care to explain? Just in case, it was not me who raised the point of cheap labor versus expensive labor. So, in my turn, why do you ask me, exactly? Regardless, for small businesses which can't diversify, the cost of labor (which was exemplified in the example of chocolate) has everything to do with their survival. And if some businesses are to die due to pandemic, it will be the smaller ones which have higher chances of going belly up. Simply because they can't move to countries with cheap workforce

[Argoo]

Indeed, private businesses, especially small and medium-sized businesses, have suffered a lot of losses due to measures to combat the spread of coronavirus. In my country, more than half of small private businesses have closed. Since March, when governments began to take tough measures to combat the spread of the coronavirus, people have practically lost their savings and now people's purchasing power has dropped to a minimum.
Outwardly, it looks like a conspiracy of the world government. The colossal damage to the global economy was caused not by the coronavirus, but by measures to combat it, which stopped production, trade, transport, and so on. In my country, in the spring, agricultural producers could not sell their goods, and the population could not buy food. As a result, a significant part of the food simply went bad.
On the other hand, mainly people who are complicated by other serious diseases die from the coronavirus. In my opinion, the danger of a coronavirus pandemic is too exaggerated.

[Oceat]

This is the impact of the prolonged Covid 19 pandemic.  When the disease is difficult to control, people will become more nervous, they will consume less and they will save money to invest or buy food to store.  This is the common mentality of many people right now, most service companies are losing a lot now.  We must accept the present situation and plan for the worst.

I think people already know what they should do in times like this since we are facing a new normal and people should start adapting. The worst is coming since the pandemic is not yet done without the present of a curable vaccine there's no stopping and getting back to what we used to be before.

The government should be ready to something like this in the future to avoid another recession of the economy if the pandemic would prolong just what happened to us right now.

[RealMalatesta]

The only thing I could ever agree with Trump is the fact that USA did a lot of tests, they are doing a ton of them as well, look at some of the third world countries and you will realize that they are not doing anything remotely similar and the testing is very low in numbers, which causes their infected and dead numbers to be low as well.

So, the economy of those nations are affected a lot more as well, why? Because they test low, and because they test low the numbers are low, because numbers are low they do not take the same prevention as the other nations do, which causes them to be even in more serious trouble health related, which causes them to be in a lot more trouble financially as well. So, testing can lead to a lot of troubles in the long run.

[wozzek23]

There is a lot on the government plate to take car of its citizens and the small business units. Because since from past 4 months units are shut and do not have any income to play to laborer’s. This is creating a big issue and now government need to provide some relief to all such sectors and units who are facing financial crunch.

But, even the government is being run by the taxes provided by their citizen and now that the income is low means the taxes would be low as well and that means it is not just the common man but the government is also affected by the pandemic and that is the basic reason of the economic crisis that we so often talk about now days.

I think the private sector will be dead or slow for a long time and unless there are schemes that support small businesses and startups there will be absolutely no movement in the private sector. The government need to come up with some creative taxation relief system or something that encourages small startups.

[Police Indo]

I just hope that my business does not die, hopefully only sleep so that one day I can wake up in fresh condition again. the business I built is tourism based, so how can we possibly benefit from the tourism business? with the closure of tourism, strict safeguards, and a reduction in the number of visitors it makes us think hard. Is it necessary to create a cryptocurrency that supports tourism?

[Silberman]

According to my observations, my friends have started to sell what can be sold one by one like cars & motorcycles to make a living. This indicates that savings have been used up to support daily expenses and the final choice. Those who have debt repayments with interest will be more severe with this condition.

For the business of exporting shellfish shells and live, fresh and frozen seafood to China has begun to stabilize again even though prices have declined. But if the pandemic ends longer there is a concern that purchasing power will weaken and in the end, it will be difficult to reverse the economic curve after the pandemic ends.

I am seeing the same especially those that had a lot of debts and responsibilities are the most affected, I have always lived frugally so I do not have any upstanding debt but my friends are different and they are having a lot of problems to pay their bills as everything has gone up in price and now job security seems to be a thing of the past at least during this pandemic, it seems researchers are close to find a vaccine and this could really help the world to recover but if something else happens it could put many families on the brink of collapse.

[angrybirdy]

I just hope that my business does not die, hopefully only sleep so that one day I can wake up in fresh condition again. the business I built is tourism based, so how can we possibly benefit from the tourism business? with the closure of tourism, strict safeguards, and a reduction in the number of visitors it makes us think hard. Is it necessary to create a cryptocurrency that supports tourism?

We all know that tourism is one of the most affected business right now, the answer is simple, you cannot possibly benefit from your tourism business as of now. But as long as you manage to survive until this pandemic ends, your business will also survive. Tourism is always there, always in demand as long as the tourists would like to accept your service.

[pokeronlinestatus]

There is a reason why pandemic is said to bring economic crises. It has been studied and observed from the time of world war. The implementation of lockdown throughout the whole country resulted in tremendous losses special for private firms and businesses as the whole work had to halt. Many people lost their jobs or has a decrement in their monthly pay because of covid-19.

The inflation rate of the countries is increasing. Many things are becoming costly and that’s normal in economic crisis. Still the rock bottom hasn’t been reached. The economy has started picking up slowly as people are getting tired of the virus and are starting to live their lives normally.

[TitanGEL]

I just hope that my business does not die, hopefully only sleep so that one day I can wake up in fresh condition again. the business I built is tourism based, so how can we possibly benefit from the tourism business? with the closure of tourism, strict safeguards, and a reduction in the number of visitors it makes us think hard. Is it necessary to create a cryptocurrency that supports tourism?

We all know that tourism is one of the most affected business right now, the answer is simple, you cannot possibly benefit from your tourism business as of now. But as long as you manage to survive until this pandemic ends, your business will also survive. Tourism is always there, always in demand as long as the tourists would like to accept your service.

Tourism industry is one of the main industries that are been affected because of the pandemic, many countries all over the world are still close in order to lessen and prevent the virus to spread. Actually, tourism is contributing 12% and more to our country's economy and right now it doesn't reach 1% because of the pandemic. A lot of people lost their jobs and many people are suffering not only in my country because all of countries are affected.

[Nhor1011]

Businesses and other private sector collapsed because of the pandemic. The two months lockdown has a huge impact for the economy which everyone and every economic sector was affected too much. It brings a higher number of unemployment and shut down some business establishment.

[Alobo Realer]

There is never a stable business. One who wants to invest thinking will always gain is like racing with cheaters hoping to win. All you said are true not only in your country but somewhere else, but the good thing here is that it isn't like that all through the year.
There's always this favourable time in business

[pokeronlinestatus]

I think people already know what they should do in times like this since we are facing a new normal and people should start adapting. The worst is coming since the pandemic is not yet done without the present of a curable vaccine there's no stopping and getting back to what we used to be before.

The government should be ready to something like this in the future to avoid another recession of the economy if the pandemic would prolong just what happened to us right now.

You used the term "new normal" but if that is true then times are really going to be disastrous in coming time because there is no vaccine approved and the cases won't decrease despite lockdowns and shutdowns in so many countries.

No government or organization can be ready for such pandemics and they are being called pandemic for the same reason actually because it spreads in the whole world and there is no defined vaccine.

I think the new normal would take sometime for everyone to get used to, but that is the only option, sanitize/mask yourself and you have to move to work because sitting at home watching bad news would only bring negative energy.

[deisik]

On the other hand, mainly people who are complicated by other serious diseases die from the coronavirus. In my opinion, the danger of a coronavirus pandemic is too exaggerated

If you are a social Darwinist (a kind of), you would be right. But you would be right even in respect to small pox and plague that killed people in millions but they still didn't threaten the survival of human race. It could be argued that any disease kills only the weak and the old making the society more resilient to this infection in the future ("the survival of the fittest"). According to Nassem Taleb, this is the exact mechanism which makes humanity antifragile

Disclaimer: I do not necessarily share or endorse such views