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Yelp data shows permanent small business closures have exceeded 60% in some markets


               
2020 Sep 16, 10:30am   3,796 views  34 comments

by Automan Empire   follow (1)  

I'm in an essential industry and never closed, but my customers, and their customers on down the line, are tightening their belts and not using the equipment I service. Therefore, I'm feeling the squeeze. In the last 18 months I went from 3 employees to just me running everything.

YELP has plenty of issues and I can't stress enough that businesses should never pay them a dime for marketing services. That said, they provide a good ground-up view of the state of the economy down to a granular, smallest business in town inclusive level of detail. Here's a report on permanent business closures according to their data.

https://www.nbcnews.com/business/economy/almost-60-percent-business-closures-are-now-permanent-new-yelp-n1240209

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1   FortWayneAsNancyPelosiHaircut   @   2020 Sep 16, 10:45am  

All the closures are really fucking people up. Politicians are creating this mess, they are trying to put people into poverty artificially (all under a nice excuse). It's really fucked up.

That's how I feel about it, because their results don't match their words, they match them fucking with us though.
3   Tenpoundbass   @   2020 Oct 12, 7:58am  

I see a huge opportunity in the near future. My hope is, the corporate food industry will have lost their asses so much. That we never see 80% of all restaurant space rented by TGIF, Sweet Tomatoes, Ruby Tuesdays, Chili's and the like. Sends the corporate food investors reeling for a long time to come. I hope people with a genuine appreciation of food will fill the void.

It's going to be a good time to be in the food industry and local entertainment.
4   WookieMan   @   2020 Oct 12, 8:17am  

Automan Empire says

Yelp data shows permanent small business closures have exceeded 60% in some markets

Eh, I'm extremely skeptical of anything yelp does and their data. We're doing just fine out here in IL hill billy country. All the businesses are open and frankly some of them are pretty damn busy. Haven't lost one in my small town, which in theory should be more susceptible to closures. 60% is the extreme case and clearly what the media does to freak you out and get clicks/views.
5   RWSGFY   @   2020 Oct 12, 8:29am  

#fuckyelp
6   WookieMan   @   2020 Oct 12, 8:37am  

Tenpoundbass says
I hope people with a genuine appreciation of food will fill the void.

Not gonna happen. The second a place becomes popular, 90% of the time the owner is thinking franchise the fucker. And then it becomes another place that pumps out shit food.
7   Shaman   @   2020 Oct 12, 8:39am  

WookieMan says
Haven't lost one in my small town,


Lost dozens in my town. And neighboring towns. And all around California as our Dear Leader Gavin Gruesome has ordered restaurants across the state to commit ritual seppuku in service of the Democrat empire. He might kill Hollywood itself before he’s done! Hasn’t been any movies shot here since March.

The crazy thing is how meek and willing the business owners are to kill themselves for this fucked up reason. They aren’t suing and getting injunctions, or simply defying the illegal order in any real numbers. It’s the exception anyway.
If i was a small business owner I’d ignore Newsome and do whatever I could to maximize business. When I got fines I would refuse to pay and sue instead.

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