Can you explain what you mean by the horse industry not suffering recessions? I've never thought of horses alone as being an industry.There are many times where I have question my life choices with my profession. It's hard Yakka, smelly, and minor injuries are frequent.
My most recent one is a dislocated jaw and after several weeks my bite is still not fully aligned... I've lost count of the number of concussions I've had and the scars on my hands look like a road map of Central London.
The money is pretty good for a lone tradesman, but not spectacular... Well above average wages, butt less than what I think my skills should demand. (We can thank for an unregulated market from my trade for that). But I love it so, there's that.
Fortunately I get paid on the spot so unless people can pay I don't turn up. And.,. Horse people will generally cough up for my services and live on baked beans if necessary.
But I am one of the lucky ones... partially by design, one of the best pieces of advice I received many years ago was that the horse industry does not suffer recessions.
But... I am noticing that people are finding it more difficult to be able to pay my fees. It surfaces in my scheduling in thatpeople may have to postpone appointments not have to have enough money to pay me.
At least I can sit at home and cause trouble on the internet ifI can't be paid rather than doing the work and wondering *If* I will get paid.
As such, I think my industry may be a useful canary in the coal mine.
Horses are actually quite a large industry. IIRC, the thoroughbred racing industry is the second or third largest employer in Victoria. I haven't dealt into this statistics and other state but I would imagine that it is not very much different in all the other states.Can you explain what you mean by the horse industry not suffering recessions? I've never thought of horses alone as being an industry.
Yes I am in the same boat with cash flow it is looking like robbing Peter to pay Paul.The economic crap has finally hit the fan. I have three excellent customers who pay before the end of the month and not one has paid their July accounts! This is the first time for more than eighteen months that it has happened. I believe that signals then end of assistance money that flowed last year. My business (tool manufacturing) is also at the lowest cash point now for eighteen months so we will see some tight times from now.
I know there are other businesses that have done poorly before now, but I am speaking of businesses largely unaffected by lockdowns whose business has suffered a drop, but they are still doing OK, until now.
poor people do not own an interest in a horse for long ( even in better times )Horses are actually quite a large industry. IIRC, the thoroughbred racing industry is the second or third largest employer in Victoria. I haven't dealt into this statistics and other state but I would imagine that it is not very much different in all the other states.
And that's just racing.
There is also the leisure horse industry... Not as big as the racing industry but still significant.
While I believe that the horse *breeding industry suffers the vagaries the general economic condition, horse lovers will put their animals first, well before their own well-being.
Hence, things would have to well and truly turn to ****, before horse owners would forgo their spending.
I can only confirm that this is true, having been through several economic cycles now.
Hope you and business will manage to stay afloatThe economic crap has finally hit the fan. I have three excellent customers who pay before the end of the month and not one has paid their July accounts! This is the first time for more than eighteen months that it has happened. I believe that signals then end of assistance money that flowed last year. My business (tool manufacturing) is also at the lowest cash point now for eighteen months so we will see some tight times from now.
I know there are other businesses that have done poorly before now, but I am speaking of businesses largely unaffected by lockdowns whose business has suffered a drop, but they are still doing OK, until now.
Racing I understand completely. But aside from that, there can't be that many pet horses out there surely?Horses are actually quite a large industry. IIRC, the thoroughbred racing industry is the second or third largest employer in Victoria. I haven't dealt into this statistics and other state but I would imagine that it is not very much different in all the other states.
And that's just racing.
There is also the leisure horse industry... Not as big as the racing industry but still significant.
While I believe that the horse *breeding industry suffers the vagaries the general economic condition, horse lovers will put their animals first, well before their own well-being.
Hence, things would have to well and truly turn to ****, before horse owners would forgo their spending.
I can only confirm that this is true, having been through several economic cycles now.
Horses are actually quite a large industry.
AU is at 35% if you include those who have had one dose, that gives a better picture of where we are at because those single doses will be converted to fully vaccinated over the coming week.
There are many times where I have question my life choices with my profession. It's hard Yakka, smelly, and minor injuries are frequent.
My most recent one is a dislocated jaw and after several weeks my bite is still not fully aligned... I've lost count of the number of concussions I've had and the scars on my hands look like a road map of Central London.
The money is pretty good for a lone tradesman, but not spectacular... Well above average wages, butt less than what I think my skills should demand. (We can thank for an unregulated market from my trade for that). But I love it so, there's that.
Fortunately I get paid on the spot so unless people can pay I don't turn up. And.,. Horse people will generally cough up for my services and live on baked beans if necessary.
But I am one of the lucky ones... partially by design, one of the best pieces of advice I received many years ago was that the horse industry does not suffer recessions.
But... I am noticing that people are finding it more difficult to be able to pay my fees. It surfaces in my scheduling in thatpeople may have to postpone appointments not have to have enough money to pay me.
At least I can sit at home and cause trouble on the internet ifI can't be paid rather than doing the work and wondering *If* I will get paid.
As such, I think my industry may be a useful canary in the coal mine.
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