In recessionary times (although governmental wise that is now rephrased as "global credit crunch" & nothing to do with them) , the rich get richer & the poor get poorer. That's not to say that the wealthy don't also live on credit as well. It's just at times like these they have the assets to hold the credit where the others don't.
It is wise to ensure that at least half your clientele belong to the wealthy brigade. That should see you through times as we are likely to have for at least the next 2 years.
Our government tells us our economy is sound to weather the global problems! So why are most of our clients feeling the pinch?
Yes sterling is holding up against the $, but they are in full recession. What about our main trade partner, where we do the bulk of our business with? Yes the European Union! And how has sterling held up to the Euro? It's dropped like a stone. That's why alot of our daily items have increased dramatically.
Is that meant to mean our economy is outdoing the reast of the EU? Who are they kidding.
We are in for an extended rough time. Cotton on to the top end of the market. They have the money - and even if they run tighter they may downgrade to having the carpets cleaned as opposed to replaced