I often start the day reading a few articles on a few specific websites including the BBC news.
I was shocked to read that a Chinese takeaway in Aberdeen which has been serving the locals since the 1980s is set to close because it can’t afford to pay its rocketing energy costs.
Normally, the gas bill for the Royal Crown is around £1,000 per quarter and the electricity bill was also around £1,000 per quarter.
The bills for this quarter came in at £10,000 for the gas and £4,000 for the electricity.
That is a huge increase and one which the takeaway cannot afford.
There is no way they can find an extra £12,000… not by cooking and selling food anyway.
Every time they turn on the gas ring to cook, they are losing money.
If they were to pass the price increases onto the customer, a chicken curry could cost in the region of £28, and no one is going to pay those prices.
The Royal Crown has already seen a decline in customers as more and more people feeling the squeeze of increasing living costs are starting to cut back on unnecessary spending.
I dread to think how many small cafés, restaurants and takeaways could be forced to close due to energy price increases similar to the one Royal Crown has seen.
It’s not going to be an easy few months for them.
These types of businesses are really going to struggle because they are seeing:
- Food price increases.
- Gas and electricity price increases.
- Petrol and diesel price increases (affecting delivery).
- Dwindling customer numbers.
- Rent and or mortgage increases.
If they manage to survive to winter, I doubt many will be around to see spring after hearing that there could be further price increases throughout winter.
I don’t know what the answer is for small businesses that rely heavily on gas and electric like takeaways and restaurants, but for individuals who are facing similar issues, there are ways to make extra money which could help ease the squeeze.
I never thought I would have my own catchphrase, but I hear myself saying ease the squeeze a lot lately.
I don’t particularly like the saying, but unfortunately that is what people need to do.
To ease the squeeze they have very few options left other than find ways to make extra money!
Currently, the best way to make money is to do something which does not require…
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- A place to rent like an office or retail unit.
- Heavy consumption of gas or electricity.
- You to travel to a place of work using a car or public transport.
- You to supply or use food as your product.
To make money today, you really need to reduce your outgoing costs so that you have a fighting chance.
Fortunately, we live in the digital age where we are in a fantastic position to make money without having to spend a fortune upfront or have expensive ongoing monthly costs.
We can publish and sell digital products or we can simply tap into the digital realm and use our money as leverage to make more money using online platforms… and it can all be done from home and the most you will need is a laptop.
Many ways to make money today can be done using nothing more than a cheap tablet or a decent smartphone.
It depends on what you decide to do.
A good connection to the internet is the one thing they all need, what you use after that differs.
Just know that there are many ways to make some extra money to help ease the squeeze which you can do from the comfort of your own home.
Take our good friend Kate Davis as an example of someone who makes money from home using only her smartphone.
Kate is a busy mother who made the decision to make her money work for her.
She generally makes between £750 and £1,725 each month trading the markets before going to work using just her smartphone while working out… hence why she is known as the Treadmill Trader.
I won’t baffle you with too much information and technical jargon, but financial markets go up and down.
Always have done, always will.
Kate makes her money by getting in when a market appears to turn one way or another… and gets out before it turns back.
Rest assured… you don’t need to be a genius to do this.
All that is required is that you look at what is happening in the world and what the markets are doing so that you can make an informed decision which can result in a substantial amount of profit.
That is basically what Kate does and you can do the same with her guidance.
She has written everything into a clear and easy-to-follow manual showing you step-by-step how to do exactly what she does.
If you would like to learn how to make between £750 and £1,725 each month, click the link below.
www.treadmilltrader.co.uk
Kind Regards.
John Harrison
PS… Did I mention the £750 – £1,725 per month Kate earns is TAX FREE?
Here’s that link again: