My training in economics stressed that small business was the bellwether of the economy. Small business is the first to feel the pinch as well as the first to recover. Having said that, I got a jolt today.

My mother likes to do crosswords. She read somewhere that it keeps the mind alert in old age. Something like "Use it or lose it". My friend in Nassau does a .tiff scan of The Punch, and what I do, is chop out the crossword out of the scan and print it out for my mother.

So I am going through the Punch, and I see the Punch property for sale section -- the feature property for sale. It was all small hotels and restaurants.

For example, there is a place out west called A Stone's Throw -- lovely place. Used to go there for lunch and sit on the balcony and have wonderful gourmet food. The nice part is that it is a B & B/Hotel as well. It is one of the most romantic places on earth to take a woman. They have mattresses and beds out on the balcony and you can make love under the stars in the cool offshore breeze. In the morning you get up and look over the emerald ocean. The place is for sale for $4.5 million.

There is another restaurant out west for sale with attached apartment -- $2 million. As well as a primo restaurant (it looks like Chez Willie's, but I don't think so). For sale as well.

My goodness, if the small businesses are failing, then it doesn't bode well for the future. I am afraid that it doesn't look good.

A stone's Throw Away for sale....:tdown:

Not good at all, fond memories.

I knew they were having problems when they cancelled my party and gave me my funds back but I didn't think it was to this extent!

I love that place...I need to go to Dowdswell St and see if I can raise 4.5M!

My training in economics stressed that small business was the bellwether of the economy. Small business is the first to feel the pinch as well as the first to recover. Having said that, I got a jolt today.
My mother likes to do crosswords. She read somewhere that it keeps the mind alert in old age. Something like "Use it or lose it". My friend in Nassau does a .tiff scan of The Punch, and what I do, is chop out the crossword out of the scan and print it out for my mother.
So I am going through the Punch, and I see the Punch property for sale section -- the feature property for sale. It was all small hotels and restaurants.
For example, there is a place out west called A Stone's Throw -- lovely place. Used to go there for lunch and sit on the balcony and have wonderful gourmet food. The nice part is that it is a B & B/Hotel as well. It is one of the most romantic places on earth to take a woman. They have mattresses and beds out on the balcony and you can make love under the stars in the cool offshore breeze. In the morning you get up and look over the emerald ocean. The place is for sale for $4.5 million.
There is another restaurant out west for sale with attached apartment -- $2 million. As well as a primo restaurant (it looks like Chez Willie's, but I don't think so). For sale as well.
My goodness, if the small businesses are failing, then it doesn't bode well for the future. I am afraid that it doesn't look good.


Bad news indeed as I own a small business.

I wonder though if it is indeed Chez Willies, I really wanted to go and my husband took me there at my request, we met one couple just completing their dinner, and to my amazement the place was empty, completly empty.

I had mixed emoitions about this as I was looking forward to the dinner show, and really had not planned on just us, did not mind too much, but you know we are alone so much that I wanted a night out with lots of people around.
There were two people serving just our table, a little bit uncomfortable to tell the truth.


So long story short it could be them.

In last week's meeting at Lignum Tech, our CEO was discussing the growing trend of small businesses in the Bahamas "closing shop" due to economic hardship. We always make sure that our business strategy falls in line with nationwide trends and are one of the few companies that I know that adjusts so far in advance. More local businesses need to do this, but they don't.

I've already revamped the strategy for my private consulting firm based upon economic trends and have started cutting costs as much as I can. Every business should be doing this automatically at this point.

We Bahamians hustle in challenging times though, for the most part.

Just because something is for sale doesnt mean it is failing, especially when the real estate is for sale. There is a lot of commercial real estate on the market right now, people trying to cash in.

I know Sun Fun Resorts is for sale...it is on West Bay at the entrance to Sea Beach Est.

My training in economics stressed that small business was the bellwether of the economy. Small business is the first to feel the pinch as well as the first to recover. Having said that, I got a jolt today.

My mother likes to do crosswords. She read somewhere that it keeps the mind alert in old age. Something like "Use it or lose it". My friend in Nassau does a .tiff scan of The Punch, and what I do, is chop out the crossword out of the scan and print it out for my mother.

So I am going through the Punch, and I see the Punch property for sale section -- the feature property for sale. It was all small hotels and restaurants.

For example, there is a place out west called A Stone's Throw -- lovely place. Used to go there for lunch and sit on the balcony and have wonderful gourmet food. The nice part is that it is a B & B/Hotel as well. It is one of the most romantic places on earth to take a woman. They have mattresses and beds out on the balcony and you can make love under the stars in the cool offshore breeze. In the morning you get up and look over the emerald ocean. The place is for sale for $4.5 million.

There is another restaurant out west for sale with attached apartment -- $2 million. As well as a primo restaurant (it looks like Chez Willie's, but I don't think so). For sale as well.

My goodness, if the small businesses are failing, then it doesn't bode well for the future. I am afraid that it doesn't look good.
This is not good indeed!!

Now, to go back a little prior to the election last year, HI was all over the place talking about how much of a "bad idea" the billion dollar projects that the PLP was talking about were....He said that his govt would focus on smaller boutique style hotels!!

At the time I said that it will not work without the mega resorts!! The smaller resorts feed off the larger resorts.....I thought that that was clear but many if not all of you FNMs try to beat me to death.....Now, I hope you all see where I was coming from!!

This is how it works: A mega resort is built and it brings in the visitors. Many other persons would like to come to visit that mega property but they don't want to pay the "mega price" so they look for a smaller hotel in the vacinity....That's where the boutique style hotels come in....The smaller hotels even grow because of the amount of advertising that the mega resort does!!

Without the mega resorts the smaller boutique style hotels will always struggle!!

The cable beach resorts were keeping those small hotels open..Those hotels were struggling for years but they saw some light at the end of the tunnel with the Baha Mar project but now that one hotel has already been closed and there is no word as to when that project will get started again, those small hotel owners can't take it no more!!

I think that they are making the wrong move by putting their hotels on the market but they know why they have made that choice I am sure!!

I hope yall still think that I am crazy now!!

Chez Willie's bin struggling for a while eh? I surprise dey still open....

"tuff times neva las' tuff ppl. do.."

Chez Willie's bin struggling for a while eh? I surprise dey still open....
"tuff times neva las' tuff ppl. do.."
The place looks like it is falling apart, Not appealing in the least.

I love that place...I need to go to Dowdswell St and see if I can raise 4.5M!
What's on Dowdswell St.? :confused:

In last week's meeting at Lignum Tech, our CEO was discussing the growing trend of small businesses in the Bahamas "closing shop" due to economic hardship. We always make sure that our business strategy falls in line with nationwide trends and are one of the few companies that I know that adjusts so far in advance. More local businesses need to do this, but they don't.
May I ask what the strategy is for the next quarter? If you guys already service larger firms, and smaller firms are closing, where exactly does that leave you as a company?
Just because something is for sale doesnt mean it is failing, especially when the real estate is for sale. There is a lot of commercial real estate on the market right now, people trying to cash in.
True, however, if the business was making money in the first place, why sell?
Usually, real estate sales means that the person is either (i) packing it in or (ii) dead.
In addition to commercial property, there's also alot of residential property for sale as well.
IMHO, people trying to cash out.

This is how it works: A mega resort is built and it brings in the visitors. Many other persons would like to come to visit that mega property but they don't want to pay the "mega price" so they look for a smaller hotel in the vacinity....That's where the boutique style hotels come in....The smaller hotels even grow because of the amount of advertising that the mega resort does!! Without the mega resorts the smaller boutique style hotels will always struggle!!

I still find this rather strange. If I wanted to stay at Atlantis, why would I opt to live at a cheaper hotel, if I'm not getting the mega-resort treatment?