Recently I watched a short video on social media put out by popular celebrity chef, Simon Rimmer.
In the video he shared the sad news that he had been forced to close one of his restaurants due to increases in rent, food prices, and energy costs.
The sad thing about this is that it was Simon’s first restaurant, which helped put him on the road to success.
Fortunately for Simon, he has other restaurants that are staying open. Good news for him, not such good news for the staff who now find themselves unemployed.
This just goes to show you that no one’s safe from the cost-of-living crisis. Especially those lower down on the chain, such as Simon’s staff.
If a successful restaurateur, author, and television presenter cannot keep his flagship restaurant open, then it has to be bad.
It makes you wonder how much the landlord has increased the rent by.
I believe that was the biggest factor in the decision to close the restaurant because his other restaurants would have had to deal with the same (or similar) food and energy price increases yet hasn’t closed them… yet.
Maybe the number of customers had dropped for that specific restaurant, which is really going to affect the chances of surving the increased costs.
I imagine that Simon would have tried to keep it going for as long as possible and probably used the other restaurants and his television work to prop it up for as long he could, but you cannot keep throwing money at something that has stopped working.
Sadly, Simon’s restaurant is just another victim of the current cost-of-living crisis that has been plaguing the country.
I share this story to show that it is affecting people from all walks of life.
Simon Rimmer isn’t a person that I imagine is having to choose between whether he eats or heats his home, but he is still being blighted by the current price increases that is happening across the board.
Restaurants come and go… businesses fail… but usually because the demand for what they are selling is no longer there. Being forced to close a restaurant because of price increases that are affecting all of society is actually quite sad.
It also makes you wonder how bad it can be for those who are not in Simon’s lofty position, like the staff of the restaurant that have since been laid off.
I think Simon has tried to absorb some people into other parts of his business, but you can’t find a place for everyone. You can’t simply put people into a position that doesn’t require them without causing other issues with other staff.
By taking on more staff to do the work that is already being done by other people would mean cutting the hours of those already doing the job… which is not going to be good for them if they too are struggling with the current high living costs.
The other problem is that staff living in one city probably cannot afford to travel or move to another town or city to work another low-ish paid job.
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I once shared with you the story of a woman who was struggling afford to live in a cheap area of Bristol even though that was where her job was. She was being priced out of her small bedsit and forced to consider leaving Bristol and lose her job.
The problem with that is that as soon as she quits her job, she would have no money coming in to pay rent for another property in another part of the country.
Basically she couldn’t afford to quit and move… and she couldn’t afford to work and stay.
The only option she had at that time was to move back in with her parents, which was quite depressing considering that she wasn’t actually failing in life personally.
She wasn’t dependant on drink or drugs, she wasn’t just out of prison, she wasn’t unemployed… she was a working person who enjoyed her job and enjoyed living in Bristol.
But thanks to the increased rent, food, and energy costs, she could no longer afford to live and work in Bristol.
That is worrying.
And it is the reason why I have been saying for many years that you should only rely on yourself.
You should never rely on a wage, you should never rely on an employer, you should never rely on a landlord, and you should never rely on the government.
You can only rely on yourself.
If your costs are X amount each month, then you need to earn X… and X again.
The biggest problem with most people is that they take jobs and then get stuck in them.
The problem is made worse by the fact that people need money and they often need it quickly and so they take whatever work comes their way and before you know it… years have passed.
Very few people take the time to figure out how much they need (or want), and then plan on how they are going to earn that amount without giving up too much of their own life.
Circumstances rob people of that freedom to decide how they make money… for the most part.
You can decide to work on something in your spare time, and contrary to belief, people have more spare time than they care to admit. People watch more television and spend time on social media than they realise. That is time they could use more productively.
It might not be easy when you have family or dependants requiring your time and attention, but most people can still find an hour or two here and there to work on something that can earn them more money and eventually replace that first income.
And it doesn’t all have to be hard work.
John Banks is a numbers and stats man; he loves nothing more than figuring out systems that use information that is overlooked by most people.
He recently developed the Easy As 123 System which takes readily-available information – that most people ignore – and turns it into easy profits using Betfair.
As the name applies, the system is easy to do. You simply check a few tables, then place a few bets on a few specific horses
There’s another profitable advantage to be had right now with it being the middle of winter, and that is that most of the horse races are currently run on jump tracks, a track favoured by John as they are the most profitable for him.
Discover more by clicking the link below:
Easy As 1-2-3
Kind regards.
John Harrison.
P.S… You can started right away with just £100 and after 6 months, you could be sitting on a decent tax free £12,800!
Here’s that link again: