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REASON 3 – STRATFORD BUSINESSES – HOW ENTREPRENEURIAL THE RESIDENTS OF STRATFORD ARE.

Due to a lack of adequate job opportunities in the local area, the people of Stratford have become very entrepreneurial. Those locals that are unemployed locals will often find other ways of making money. Usually, immigrants are not eligible for benefits, so they have to find ways of getting by. Some collect scrap metal or offer cheap cleaning services – but these pay well below the national minimum wage. There are also a large number of painters and property decorators who do the job without a formal qualification. These people are employed on the black market, helping other immigrants to complete building works cheaply.

Local entrepreneurship

The other types of entrepreneurs in Stratford include cheap builders. They compete with each other on price and charge cash for their services. The prices they usually agree on are so low that if they paid tax on their income they would be left with no profit. More financially fluent individuals save money and buy vans to offer cheap man and van services. Half of the money they usually earn goes to large corporates such as Gumtree. This is the place where they typically advertise their services. They also compete on price and often get in trouble when the van breaks. Leaving them in a situation where they have to buy an expensive part to make the van work again.

Some clever entrepreneurs, especially those who either don’t pay tax or pay their helpers very little, build their own companies and later employ more people to grow their businesses. After a few years in business, some of them realise that doing business and making money is very hard and close their companies to pursue an education at the local schools in Stratford.

Reason 4 – what are the chance for education and getting qualifications for the residents of Stratford