down turn

down turn

Postby Jage » Wed Jun 18, 2008 8:30 am

I would be interested in getting some views on the following.

I am an architectural technician, self-employed for the last 4 years. However due to the current down turn, its getting harder maintain a viable business.

I get the majority of my work via word of mouth from satisified clients the remaining portion from advertising (phone book, etc).

Lots of people still intersted in building, ok, its probably more extensions / renovations (always done them though), but when people hear of the costs (not talking about my fees - which usually is a rate per sq.ft.) but of the cost to build, they seem to lose interest.

I have basically come to the cross roads:

1) could do a advertising locally in the county, like other firms for a period of time, however might not get the return for the outlay

2) continue as is and wind down the business, become an employee, either here or abroad.

Wondering are other small firms finding the same?
Jage
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Re: down turn

Postby keating » Wed Jun 18, 2008 2:27 pm

The Chinese word weiji (危機 translated as "crisis") is composed of the characters for "danger" and "opportunity"

You need to up-skill and offer a product suitable for the current market. People are asking for more than somebody to 'draw up plans'. Regulation and fuel/food prices along with the perfect economic storm afecting the world economy as 400 years of 'growth' turns to decent economics. Clients need professionals who can provide solutions for comfortable low energy habitats. Its a changing environment out there have you notice. Are the Architect and Technician professional bodies not offering emergency courses to train their members in Designing for Energy and Ecology. Land is valuable, so it is very wasteful to use your property solely for living space when it can be used to export energy and replace the life development takes away in the form of biodiverse native landscaping, food production capability and on site waste treatment such as reed beds. Change is happening, heed the warning signs,

It was six men of Indostan
To learning much inclined,
Who went to see the Elephant
(Though all of them were blind),
That each by observation
Might satisfy his mind.

The First approach'd the Elephant,
And happening to fall
Against his broad and sturdy side,
At once began to bawl:
"God bless me! but the Elephant
Is very like a wall!"

The Second, feeling of the tusk,
Cried, -"Ho! what have we here
So very round and smooth and sharp?
To me 'tis mighty clear
This wonder of an Elephant
Is very like a spear!"

The Third approached the animal,
And happening to take
The squirming trunk within his hands,
Thus boldly up and spake:
"I see," quoth he, "the Elephant
Is very like a snake!"

The Fourth reached out his eager hand,
And felt about the knee.
"What most this wondrous beast is like
Is mighty plain," quoth he,
"'Tis clear enough the Elephant
Is very like a tree!"

The Fifth, who chanced to touch the ear,
Said: "E'en the blindest man
Can tell what this resembles most;
Deny the fact who can,
This marvel of an Elephant
Is very like a fan!"

The Sixth no sooner had begun
About the beast to grope,
Then, seizing on the swinging tail
That fell within his scope,
"I see," quoth he, "the Elephant
Is very like a rope!"

And so these men of Indostan
Disputed loud and long,
Each in his own opinion
Exceeding stiff and strong,
Though each was partly in the right,
And all were in the wrong!

MORAL.

So oft in theologic wars,
The disputants, I ween,
Rail on in utter ignorance
Of what each other mean,
And prate about an Elephant
Not one of them has seen!

The elephent is in the room. Take all the economic and environmental indicators individually and they are moderate short term problems we can fix, take them all together and we see a trend, the economy can only go downhill, are you prepared for that. The transition towns network and the cultivate centre in Dublin are preparing for the future. I'd advise you to consider that future.
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Re: down turn

Postby SunnyDub » Mon Sep 15, 2008 7:22 pm

One has to wonder how much longer the banks are going to let their builder mates away with not repaying their loans...I know it's Black Monday and all that but interesting article...about the cosy cartel in this country and how they won't face reality -

The 'Fannie & Freddie factor' faces our banks too

http://www.davidmcwilliams.ie/2008/09/10/the-fannie-and-freddie-factor-faces-our-banks-too

10 Sept 2008

American mortgage banks can go bust and be bailed out by the US government, could the same happen here? When the US government intervened to save Freddie Mac and Fanny Mae on Monday, it put the world on notice. We are now in a new era where our banks are the single biggest weakness in the economy and the State (meaning the taxpayer) will be expected to save them.

The developments in America have serious implications for Ireland. If anything, our property boom was more ridiculous than that of the US. So the obvious question now is whether one of our banks might go bust. It could happen, but is it probable? We don’t know; but if it wasn’t a possibility, why has the share price of Irish banks fallen 60pc in the past year?
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Re: down turn

Postby Pot Noodle » Tue Sep 16, 2008 6:52 pm

SunnyDub wrote:One has to wonder how much longer the banks are going to let their builder mates away with not repaying their loans...I know it's Black Monday and all that but interesting article...about the cosy cartel in this country and how they won't face reality -

The 'Fannie & Freddie factor' faces our banks too

http://www.davidmcwilliams.ie/2008/09/10/the-fannie-and-freddie-factor-faces-our-banks-too

10 Sept 2008

American mortgage banks can go bust and be bailed out by the US government, could the same happen here? When the US government intervened to save Freddie Mac and Fanny Mae on Monday, it put the world on notice. We are now in a new era where our banks are the single biggest weakness in the economy and the State (meaning the taxpayer) will be expected to save them.

The developments in America have serious implications for Ireland. If anything, our property boom was more ridiculous than that of the US. So the obvious question now is whether one of our banks might go bust. It could happen, but is it probable? We don’t know; but if it wasn’t a possibility, why has the share price of Irish banks fallen 60pc in the past year?


Do you suck Lemons for a hobby:p


Positive thinking is needed at this time
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Re: down turn

Postby SunnyDub » Tue Sep 16, 2008 8:10 pm

If you're so positive why don't you go out and buy some Irish bank shares? Let me know how it works out for you...you're probably buying property too...also let me know how that goes...I'm actually positive about the economy, we need to adjust to a low cost economy, let property prices fall quickly, get the correction over with quickly, get competitive and start exporting...but you probably want to pour my tax dollars down the drain to support your over-priced property...fool!!
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