I am finding at present that it is easier for people to NOT make a decision rather than to make a decision that may prove to be wrong or costly or both.
I receive plenty of enquiries about buildings for sale or to let and I conduct lots of viewings but often then do not hear again from the people that I have met.
Of course it could be personal and they just don't like me or they might not like the building or the deal that is available.
To try and find out I make a point of following up these contacts and often learn that their business is not ready to make the commitment that is necessary. This applies particularly to new start ups and small businesses but increasingly larger businesses have their hands tied which prevent business expansion or progression.
Understandably there are all sorts of reasons or excuses for not moving premises including lack of money, political uncertainty, holidays, bank pressure, etc.
I suspect the World Cup will now be a good reason for the next six weeks for continuing inertia and then of course the new Coalition Government's proposed austerity measures will do nothing to improve the situation.
So what do we do?
All I can say is to just do what is right for you. I don't blame anyone for NOT making a decision because making the wrong decision is probably worse.
Eventually the market will come back into equilibrium and deals will get done.
Until then we've got the World Cup, Wimbledon, The Ashes. All we need is for the sun to shine and everything will be alright.
Chris
Wednesday, 9 June 2010
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