Thursday, 10 December 2009

Tackling the Downturn Dragons' Den-style

Over at Politics.ie, I spotted an interesting story that someone picked up from 'The Nationalist' newspaper. Apparently a couple of businessmen, whose commercial property could have commanded up to €50,000 in rent per year during the economic boom, are now offering to let the premises for free.

According to the report, the property is available for free until whoever occupies it sees their business starting to make money. The property owners will also be available to mentor, advise and help any interested parties who come on board.

According to one of the owners: "We are reaching out to those people who might have lost their job recently or who have a business idea or a plan. We want the place filled and we are open to all suggestions."

The businessmen have drawn up a list of ideas for possible tenants, including a pizzeria, a toy recycling business, an eco-coffin wholesaler, a cut-price butchers', a wedding dress-hire shop or a casino.

Obviously a lot of businesses and property owners are feeling the pinch during the recession. Is it a case of innovate to survive for many?

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