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My Bookkeeping Online Blog
By Tim Haggard 
The My Bookkeeping Online blog is written by founder, Tim Haggard. Topics range from VAT, working from home, funding, bookkeeping and employment, but are mainly focused on small businesses. The blog aims to talk about the issues small business owners face in specific industries. Do get in touch if you'd like Tim's opinion on your query.
Blog posts for competition tag:
Changing and Adapting to Market Conditions
21/08/09 (3:46 p.m.)
As I’ve mentioned before – my first break into entrepreneurial freedom was back in the 90s, via the purchase of a pub with my brother. For the first five years, the pub was packed full.
During that time, the local area was swarming with single 20-30 year-olds looking for a good time on Friday and Saturday nights and we gave it to them. The cash was piling in and we thought we had made it. That was until we got broadsided by a fundamental change in the market conditions. Property prices were rising rapidly, resulting in our target market being forced to look to other, cheaper areas of London to live in. As a result the size of the market we were competing for reduced dramatically and competition became fierce.
Categories:Financial,
Small Business Help
Tags:market,
conditions,
competition
