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Cash flow is Sanity, Profit is Vanity - from Start Your Own Business developed by Durham under Prof Gibbs fully a generation ago. And yet successive governments have done nothing, nothing, on a basic element addressing critical development for MSMEs. Bankers make money from lending other people's money. Big businesses are seeing how they can control capital and pressed into the bankers' capability to make money from other people's earnings. Wealth goes far further than counting Pounds, Euros and Dollars when the fundamentals of markets working for people is concerned.
If we want to support small sellers, we must vote with our feet. How many online packages did you get this week? Ninety per cent of us UK consumers use online platforms for everything from food and gifts to tools and toiletries. The environmental impact of big packages, hurtling around in delivery vans, perhaps containing one small pack of screws, is bad enough. But I’m seeing the terrible impact of online retail on the small businesses selling the screws. Consumers, and I include myself, order without thinking, “Who’s making money out of this? What’s the small supplier getting out of the deal? Who’s paying the price for our obsession with cost and convenience?” If someone asks, “Where did you get that?”, we might proudly name the platform, yet the company that made the product is often a small business trying to make a living — perhaps a single parent with children to feed, or a bigger business on which several employees and their families depend. Those which supply the stuff we want to buy pay fees and commissions to the platforms, reducing the amount they make from each item. Of course, they gain the ability to reach many more potential customers. However, because they sell through a platform and not directly to the consumers, they are working for one big customer, which is, in effect, their boss. That boss gets their fees and commissions, then treats them as The Times has set out in this article. If your boss did that, then my bet is you’d look for a new job. But these sellers have been building up their businesses on their chosen platform for years and there’s often nowhere else they can reach their customers. If a platform becomes a “monopsony”, the term for a market where there is only one buyer, the seller is beholden and has to accept the treatment meted out or lose their livelihood. Few of us consumers have any clue that this is how it works, that the big brand we love is treating sellers this way. We’ve become too dependent on low price and convenience. It’s a circle of doom. If we want small sellers to be treated well, we have to vote with our feet and shop elsewhere, even if it costs us a bit more and we have to wait three days instead of having our jam tomorrow. Otherwise, we’ll lose the makers of the very things we love. https://lnkd.in/ezD5fSYp
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Cash flow is Sanity, Profit is Vanity - from Start Your Own Business developed by Durham under Prof Gibbs fully a generation ago. And yet successive governments have done nothing, nothing, on a basic element addressing critical development for MSMEs. Bankers make money from lending other people's money. Big businesses are seeing how they can control capital and pressed into the bankers' capability to make money from other people's earnings. Wealth goes far further than counting Pounds, Euros and Dollars when the fundamentals of markets working for people is concerned.
If we want to support small sellers, we must vote with our feet. How many online packages did you get this week? Ninety per cent of us UK consumers use online platforms for everything from food and gifts to tools and toiletries. The environmental impact of big packages, hurtling around in delivery vans, perhaps containing one small pack of screws, is bad enough. But I’m seeing the terrible impact of online retail on the small businesses selling the screws. Consumers, and I include myself, order without thinking, “Who’s making money out of this? What’s the small supplier getting out of the deal? Who’s paying the price for our obsession with cost and convenience?” If someone asks, “Where did you get that?”, we might proudly name the platform, yet the company that made the product is often a small business trying to make a living — perhaps a single parent with children to feed, or a bigger business on which several employees and their families depend. Those which supply the stuff we want to buy pay fees and commissions to the platforms, reducing the amount they make from each item. Of course, they gain the ability to reach many more potential customers. However, because they sell through a platform and not directly to the consumers, they are working for one big customer, which is, in effect, their boss. That boss gets their fees and commissions, then treats them as The Times has set out in this article. If your boss did that, then my bet is you’d look for a new job. But these sellers have been building up their businesses on their chosen platform for years and there’s often nowhere else they can reach their customers. If a platform becomes a “monopsony”, the term for a market where there is only one buyer, the seller is beholden and has to accept the treatment meted out or lose their livelihood. Few of us consumers have any clue that this is how it works, that the big brand we love is treating sellers this way. We’ve become too dependent on low price and convenience. It’s a circle of doom. If we want small sellers to be treated well, we have to vote with our feet and shop elsewhere, even if it costs us a bit more and we have to wait three days instead of having our jam tomorrow. Otherwise, we’ll lose the makers of the very things we love. https://lnkd.in/ezD5fSYp
Amazon sellers ‘staring bankruptcy in face’ as funds are frozen
thetimes.co.uk
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If we want to support small sellers, we must vote with our feet. How many online packages did you get this week? Ninety per cent of us UK consumers use online platforms for everything from food and gifts to tools and toiletries. The environmental impact of big packages, hurtling around in delivery vans, perhaps containing one small pack of screws, is bad enough. But I’m seeing the terrible impact of online retail on the small businesses selling the screws. Consumers, and I include myself, order without thinking, “Who’s making money out of this? What’s the small supplier getting out of the deal? Who’s paying the price for our obsession with cost and convenience?” If someone asks, “Where did you get that?”, we might proudly name the platform, yet the company that made the product is often a small business trying to make a living — perhaps a single parent with children to feed, or a bigger business on which several employees and their families depend. Those which supply the stuff we want to buy pay fees and commissions to the platforms, reducing the amount they make from each item. Of course, they gain the ability to reach many more potential customers. However, because they sell through a platform and not directly to the consumers, they are working for one big customer, which is, in effect, their boss. That boss gets their fees and commissions, then treats them as The Times has set out in this article. If your boss did that, then my bet is you’d look for a new job. But these sellers have been building up their businesses on their chosen platform for years and there’s often nowhere else they can reach their customers. If a platform becomes a “monopsony”, the term for a market where there is only one buyer, the seller is beholden and has to accept the treatment meted out or lose their livelihood. Few of us consumers have any clue that this is how it works, that the big brand we love is treating sellers this way. We’ve become too dependent on low price and convenience. It’s a circle of doom. If we want small sellers to be treated well, we have to vote with our feet and shop elsewhere, even if it costs us a bit more and we have to wait three days instead of having our jam tomorrow. Otherwise, we’ll lose the makers of the very things we love. https://lnkd.in/ezD5fSYp
Amazon sellers ‘staring bankruptcy in face’ as funds are frozen
thetimes.co.uk
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We've been speaking with Liz on a regular basis, and she's been sharing insights about the treatment of small business on the large selling platforms such as Amazon and also Etsy. It's been eye-opening and has certainly led to me changing my buying habits online. I'd encourage you to read the article below #smallbusinesses #smallbusinessfunding
If we want to support small sellers, we must vote with our feet. How many online packages did you get this week? Ninety per cent of us UK consumers use online platforms for everything from food and gifts to tools and toiletries. The environmental impact of big packages, hurtling around in delivery vans, perhaps containing one small pack of screws, is bad enough. But I’m seeing the terrible impact of online retail on the small businesses selling the screws. Consumers, and I include myself, order without thinking, “Who’s making money out of this? What’s the small supplier getting out of the deal? Who’s paying the price for our obsession with cost and convenience?” If someone asks, “Where did you get that?”, we might proudly name the platform, yet the company that made the product is often a small business trying to make a living — perhaps a single parent with children to feed, or a bigger business on which several employees and their families depend. Those which supply the stuff we want to buy pay fees and commissions to the platforms, reducing the amount they make from each item. Of course, they gain the ability to reach many more potential customers. However, because they sell through a platform and not directly to the consumers, they are working for one big customer, which is, in effect, their boss. That boss gets their fees and commissions, then treats them as The Times has set out in this article. If your boss did that, then my bet is you’d look for a new job. But these sellers have been building up their businesses on their chosen platform for years and there’s often nowhere else they can reach their customers. If a platform becomes a “monopsony”, the term for a market where there is only one buyer, the seller is beholden and has to accept the treatment meted out or lose their livelihood. Few of us consumers have any clue that this is how it works, that the big brand we love is treating sellers this way. We’ve become too dependent on low price and convenience. It’s a circle of doom. If we want small sellers to be treated well, we have to vote with our feet and shop elsewhere, even if it costs us a bit more and we have to wait three days instead of having our jam tomorrow. Otherwise, we’ll lose the makers of the very things we love. https://lnkd.in/ezD5fSYp
Amazon sellers ‘staring bankruptcy in face’ as funds are frozen
thetimes.co.uk
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While it’s impossible to eliminate chargebacks entirely, there are effective steps you can take to keep them to a minimum—even during the busy holiday shopping season. Check out the 1-minute video below for key strategies we’ve seen work for merchants to manage chargeback volumes effectively. What other tactics have you found helpful? Share your thoughts in the comments! #chargebacks
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This post by Liz Barclay the Small Business Commissioner about why Amazon sellers are facing bankruptcy makes my point about the vulnerability of every #startup and 5.2 million micro business owners (one strike and you're out). I've been campaigning with little support about unfair payment terms and practices and other exploitative power tactics by one hundred sector leading corporations in England, mainly American owned, for 30 years. This is the easiest way for the largest organisation in every sector to make money - get paid upfront, skim and use for your cashflow and investment what is owed to others. Like those being paid in 45 to 120 days or even never, the 3 million #ExcludedUK, subpostmasters, loan charge victims and the rest these micro business owners going bankrupt and #startups being strangled at birth are blameless and could not have foreseen this tragedy. We are sick of the suicides, poverty and mental health tsunami in our communities from exploitation and discrimination. The value of micro business owners is recognised in nearly every country in the world but for the USA and England. We have to come together. please support the Micro Business Alliance. Please read the post and my comment. Thank you. https://lnkd.in/ejpim_Zt
If we want to support small sellers, we must vote with our feet. How many online packages did you get this week? Ninety per cent of us UK consumers use online platforms for everything from food and gifts to tools and toiletries. The environmental impact of big packages, hurtling around in delivery vans, perhaps containing one small pack of screws, is bad enough. But I’m seeing the terrible impact of online retail on the small businesses selling the screws. Consumers, and I include myself, order without thinking, “Who’s making money out of this? What’s the small supplier getting out of the deal? Who’s paying the price for our obsession with cost and convenience?” If someone asks, “Where did you get that?”, we might proudly name the platform, yet the company that made the product is often a small business trying to make a living — perhaps a single parent with children to feed, or a bigger business on which several employees and their families depend. Those which supply the stuff we want to buy pay fees and commissions to the platforms, reducing the amount they make from each item. Of course, they gain the ability to reach many more potential customers. However, because they sell through a platform and not directly to the consumers, they are working for one big customer, which is, in effect, their boss. That boss gets their fees and commissions, then treats them as The Times has set out in this article. If your boss did that, then my bet is you’d look for a new job. But these sellers have been building up their businesses on their chosen platform for years and there’s often nowhere else they can reach their customers. If a platform becomes a “monopsony”, the term for a market where there is only one buyer, the seller is beholden and has to accept the treatment meted out or lose their livelihood. Few of us consumers have any clue that this is how it works, that the big brand we love is treating sellers this way. We’ve become too dependent on low price and convenience. It’s a circle of doom. If we want small sellers to be treated well, we have to vote with our feet and shop elsewhere, even if it costs us a bit more and we have to wait three days instead of having our jam tomorrow. Otherwise, we’ll lose the makers of the very things we love. https://lnkd.in/ezD5fSYp
Amazon sellers ‘staring bankruptcy in face’ as funds are frozen
thetimes.co.uk
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Now that Canada Post is resuming operations as of tomorrow, I'm looking forward to receiving HAPPY MAIL again. My definition of happy mail is as follows: -Business cheques from overseas -Christmas cards -"Just because" greeting cards -Parcels from online shopping purchases -Replacement credit and debit cards What's your definition of happy mail? #stamps #deliveries #shipping #shopping #postage
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We know it's 👻 spooky 🎃 to think about holiday shopping but it's almost here! 🛍️ As you shop this year, remember your local small business. They've weathered the storm over the past few years to stay by our side, so let's show them some love by choosing local for your gift purchases. #SupportSmallBusinesses #marylandsmallbusiness #marylandbusiness
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📚 Dive into the stories behind our 'California Shop Small' merchants. With every click and every purchase, you're part of their business success story. Discover their stories and shop their dreams at California Shop Small. californiashopsmall.com #LocalLegends #ShopSmallStories #CaliforniaSBDC #SmallBusinessSaturday
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Given the events this weekend, turns out we are living in some crazy times! As a small-business owner, here are some tips to preparing for the volatility that lies ahead: - Stockpile your cash. Save it for a rainy day (I'm no fortune-teller but the storm seems to be brewin'). - Cut unnecessary expenses, as even a small leak will sink a mighty ship. - Closely monitor interest rates to predict consumer spend and react accordingly, whether that be to offer bulk discounts, raise prices, etc. - Build as much customer loyalty as possible so that customers won't look for another option, even when their finances are tight. - Treat your A-employees well, as they will be the ones to help your small business get through the tough times. And for customers, Amazon and Walmart don't need any more of your money, they'll be just fine. The time is now to support local small-business owners!
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