Well ever since broadcasting my hospitality financial forecast, I have managed to be about 10% accurate; so you would think I would give up but no having another go, when I get it 90% right I will give up.
Confidence and cash that’s all anyone need’s, both remain difficult to get hold of but certainly easier than a year ago. Over the past 3 years we have probably made a 100 improvements in our business and sales process; some big like our Philips led lighting and the amBX technology to little things like new toilet seats (are you sitting comfortably!), the results of these, with a sprinkling of luck and a some growth in confidence in the market place have seen our sales have jump forward, I don’t think we are bucking any trends but we do seem to be at the top end of the curve and will work hard to stay there, our confidence is so high we are budgeting for a pay rise, first one since 2007! It really shocked when I realised how long my pay had been static.
Noting my previous comments on the benefits of the then forth coming Olympics, the build-up predicted turned into a collapse which started in early July and lasted until mid-September, half the previous year’s trading and a third of the budget, as you can imagine that really helped me sleep!! Since then we have seen almost continual growth in events and the restaurant, if we hold on to what we have this time next year we will have a tax liability, George will be pleased!
So what am I predicting;
If things are stable I think we will see steady growth spreading throughout London, the south east and the UK generally, people will not suddenly start spending and they will still drive for a bargain. I have fundamental belief in the inventiveness and determination of this country, I believe our multi-cultural society will pay long term dividends in this increasingly global society, London is an amazing place. I hope the controls and reduction of the benefit culture will continue, it is bizarre how the human mind reacts to hand outs; generally they do not create the good will they should, often creating the reverse, we need to get our heads around that and somehow help people to earn the benefit by giving something back to the society that is financing them.
A threat to stability is the religious hatred seen in Woolwich and many other examples witnessed around the world. There are so many agendas operating across the board, mainly by intelligent people who only care for themselves; a good example is America operating with an arrogance not unlike the British empire of 100 years ago and all the complications that causes, there will be a big price to pay in the future if it’s not happening all ready, we need a global policeman looking after the greater good an impossible dream perhaps!
Pensions; we often hear the term fat cat for a business man receiving a million in their pension, if a mid to high ranking policeman, politician or university professor retires a million is needed to finance their pension; where is the money coming from to pay for this? Retirement for the private sector is rapidly becoming unavailable to them, the public sector pensions schemes are in danger of biting the hand that feeds it, why should one be protected and not the other.
What we need in everything we do is balance, give and take, ying and yang, I love this country and will do all I can to help it get motoring.