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Hilton

  • Posts: 5572
New Year New Recession are you prepared
« on: December 02, 2011, 11:33:20 am »
Here's a jolly subject to take us into the festive season;

A recent report on business's likely to suffer most in the invertible recession next year and beyond will be home service providers, included in the list are carpet cleaning services, which is classed as non-essential and is likely to be put off by Mrs Home Owner looking to make savings, until 'a later date'.,

(Which in a way explains the explosion of groupon offers.The public will be 'educated' to expect to pay less for the service as a result of less than half price offers.)

Paradoxically business's and franchises that provide insurance related restoration cleaning etc should see no effect and is classed as recession proof, as of course insurance claims still have to be serviced.

So what will you be doing differently in 2012 to adjust to the economic down turn, what preparations are you going to put in place ? maybe look at moving into the insurance side of the business?
 
Because when the double dip arrives and not if but when the Euro collapses the impact on us could be profound.

Or maybe you feel you are immune and it will not affect you..

AshWhite

  • Posts: 3427
Re: New Year New Recession are you prepared
« Reply #1 on: December 02, 2011, 11:37:37 am »
Here's a jolly subject to take us into the festive season;

A recent report on business's likely to suffer most in the invertible recession next year and beyond will be home service providers, included in the list are carpet cleaning services, which is classed as non-essential and is likely to be put off by Mrs Home Owner looking to make savings, until 'a later date'.,

(Which in a way explains the explosion of groupon offers.The public will be 'educated' to expect to pay less for the service as a result of less than half price offers.)

Paradoxically business's and franchises that provide insurance related restoration cleaning etc should see no effect and is classed as recession proof, as of course insurance claims still have to be serviced.

So what will you be doing differently in 2010 to adjust to the economic down turn, what preparations are you going to put in place ? maybe look at moving into the insurance side of the business?
 
Because when the double dip arrives and not if but when the Euro collapses the impact on us could be profound.

Or maybe you feel you are immune and it will not affect you..

It'll be a very serious recession if it starts sending us back in time...
Carpet Cleaning http://www.floors2show.co.uk
Google Adwords Management http://www.pagecrest.co.uk

Hilton

  • Posts: 5572
Re: New Year New Recession are you prepared
« Reply #2 on: December 02, 2011, 12:00:16 pm »
Here's a jolly subject to take us into the festive season;

A recent report on business's likely to suffer most in the invertible recession next year and beyond will be home service providers, included in the list are carpet cleaning services, which is classed as non-essential and is likely to be put off by Mrs Home Owner looking to make savings, until 'a later date'.,

(Which in a way explains the explosion of groupon offers.The public will be 'educated' to expect to pay less for the service as a result of less than half price offers.)

Paradoxically business's and franchises that provide insurance related restoration cleaning etc should see no effect and is classed as recession proof, as of course insurance claims still have to be serviced.

So what will you be doing differently in 2012 to adjust to the economic down turn, what preparations are you going to put in place ? maybe look at moving into the insurance side of the business?
 
Because when the double dip arrives and not if but when the Euro collapses the impact on us could be profound.

Or maybe you feel you are immune and it will not affect you..

It'll be a very serious recession if it starts sending us back in time...

Well spotted that man, just making sure you are all on the ball  ;D

Price wise you might be going to back to 2010 and even further, those on groupon are in the 90's .It will be very serious the like of which none of us would have experienced before.

AshWhite

  • Posts: 3427
Re: New Year New Recession are you prepared
« Reply #3 on: December 02, 2011, 12:05:24 pm »
I might be wrong, but I'm pretty sure that 3 rooms for £29 would have been cheap even then! (Without taking into account the actual takings).

I don't think that this industry is immune, but I think I would probably rather be cleaning carpets than selling them.
Carpet Cleaning http://www.floors2show.co.uk
Google Adwords Management http://www.pagecrest.co.uk

Simon Gerrard

  • Posts: 4405
Re: New Year New Recession are you prepared
« Reply #4 on: December 02, 2011, 01:13:27 pm »
I think carpet cleaning always does well in recessions as people tend to clean more carpets and buy less. I'm not too worried.

Simon

Colin Day

Re: New Year New Recession are you prepared
« Reply #5 on: December 02, 2011, 01:35:03 pm »
I'm not too worried either. You have to adapt if you need to stay ahead of the game. I have a new plan to keep my head above water. I won't divulge though, that would just be silly and no, it's nothing to do with groupon or selling cheaper..

John Kelly

  • Posts: 4461
Re: New Year New Recession are you prepared
« Reply #6 on: December 02, 2011, 02:22:44 pm »
Insurance restoration isn't recession proof. There has been a drastic reduction in claims being passed out to contractors mainly due to insurers cash settling.

benny d

  • Posts: 706
Re: New Year New Recession are you prepared
« Reply #7 on: December 02, 2011, 03:14:04 pm »
I have a new plan to keep my head above water .
Quote

I bet your not becoming a male model  ;D
"If i'm not in action, I'm in traction"
Voted 397th best looking carpet cleaner in West Sussex 2015. Up 10 from last year...

derek west

Re: New Year New Recession are you prepared
« Reply #8 on: December 02, 2011, 03:21:59 pm »
I'm not too worried either. You have to adapt if you need to stay ahead of the game. I have a new plan to keep my head above water. I won't divulge though, that would just be silly and no, it's nothing to do with groupon or selling cheaper..

water wings???

Mike Halliday

  • Posts: 11578
Re: New Year New Recession are you prepared
« Reply #9 on: December 02, 2011, 03:48:53 pm »
I think the only customer we will lose in a recession are they customers who routinely have their carpets cleaned, not because the carpets are dirty but just because they get it done every year, they might look at their carpets and think I'll leave it a bit longer this time

the tidy housewife will still want her carpets cleaned when they look dirty and the proud housewife will still get her carpets cleaner because she is having visitors.

although it might be worth targeting the single unemployed mothers or those just them on the dole as benefits are getting a record high increase this year......... being unemployed is totally recession proof
Mike Halliday.  www.henryhalliday.co.uk

Kinver_Clean

  • Posts: 1120
Re: New Year New Recession are you prepared
« Reply #10 on: December 02, 2011, 03:59:12 pm »
Having been through a couple of recessions--
Cut your costs as much as possible without dropping standards.
Try to book jobs in the same area on the same day.
Tuck as much cash away as possible where it is not easy to get at. (reduces  temptation.)
Use the time when you are not busy to leaflet selected areas. ( Posh end of town, they are more likely to have cash)
Don't get too disheartened- it will pick up again.
God must love stupid people---He made so many.

Colin Day

Re: New Year New Recession are you prepared
« Reply #11 on: December 02, 2011, 03:59:50 pm »
I think the only customer we will lose in a recession are they customers who routinely have their carpets cleaned, not because the carpets are dirty but just because they get it done every year, they might look at their carpets and think I'll leave it a bit longer this time

the tidy housewife will still want her carpets cleaned when they look dirty and the proud housewife will still get her carpets cleaner because she is having visitors.

although it might be worth targeting the single unemployed mothers or those just them on the dole as benefits are getting a record high increase this year......... being unemployed is totally recession proof

You've rumbled my new plan..... ;D

wayne zabel

  • Posts: 1082
Re: New Year New Recession are you prepared
« Reply #12 on: December 02, 2011, 04:13:26 pm »
Does anyone actually think that weve come out of the last recession?Nothing seems to have got better in the last 12 months since we supposedley came out of it.

Its not like weve witnessed a mini boom or somethimg.I started out during a recession and have done better than I expected and hope to carry on that way.

Fingers crossed ;)

wynne jones

  • Posts: 2918
Re: New Year New Recession are you prepared
« Reply #13 on: December 02, 2011, 04:23:10 pm »
Wynne's predictions are: NOT GOOD  ;D

Things are going to be far worse than 2008 when the Germans decide they are fed up bailing out Europe's paupers.

I expect we will be in recession all of next year and people are going to start getting their mortgages foreclosed when interest rates start rising sharply afterwards. 

What's the good news? Working for yourself means you can still do very nicely if you are smart enough and prepared to suffer a bit more than the next guy.
It's not expensive, you just can't afford it.

Doug Holloway

  • Posts: 3917
Re: New Year New Recession are you prepared
« Reply #14 on: December 02, 2011, 05:02:47 pm »
Hi Guys

The recession in the early nineties when mortgage rates hit 17% was really tough, this one is just ongoing and there is no obvious end at present.

Having said that i have had a very good year and I think the clean rather than replace factor has been a big help.

Cheers

Doug

Richard Basey-Fisher

  • Posts: 260
Re: New Year New Recession are you prepared
« Reply #15 on: December 02, 2011, 05:57:14 pm »
well this is  cheerful   good job i have stocked up on blue stripe lager

The Great One

  • Posts: 12722
Re: New Year New Recession are you prepared
« Reply #16 on: December 02, 2011, 06:09:46 pm »
Hi

Yep, they're already thinking of raising the mortgages because if the inter bank lending rate goes up, we have to pay for it

Go Figure!

Martin

Simon Moat

  • Posts: 167
Re: New Year New Recession are you prepared
« Reply #17 on: December 02, 2011, 06:49:29 pm »
When the mortgage rate increases that's when it will hit service providers hard.

I've a good friend whose a partner at KPMG, he tell's me there is no light at the end of the tunnel at this moment in time, his job is to advise multi national businesses on spend for 18 - 24 months in advance.

Never mind, keep the phone on and stay smiling!

John Milnes

Re: New Year New Recession are you prepared
« Reply #18 on: December 02, 2011, 07:29:40 pm »
I'v noticed that since the initial recesion hit in 2007/2008 I have been busier than previous years and custys saying they are making do, rather than replace.

One thing that sticks out from that time is a customer telling me that they had a  Mielle washing machine engineer come round to fix the washer. He said that in all his years he had never worked weekends. He said that since the recession, he has had to work Saturdays to cope with the demand of custy fixing rather than replacing.

Perhaps these times of austerity will keep us ticking over as ever :)

Re: New Year New Recession are you prepared
« Reply #19 on: December 02, 2011, 08:12:34 pm »
How do I look at it?
When I came into this industry I was told that it is almost recession proof, because when people have money they are afraid to spend, and when they don't have money they get things cleaned up to last a bit longer rather than buy new.
As for the maths, if you do 600 cleans a year and cover an area with 50,000 properties (that would give a population of about 110,000) then it's going to have to be a global meltdown for all that potential work to dry up. At that point we will all be out hunting rabbits and cutting down trees for the fire.