Why wait for something to improve as chances are it may not and then what?
Funny how things work as I haven't spoken to anyone on business related issues for ages. Yesterday I managed to speak to my business partner and today an ex client and a prospective client on the waiting list phoned. This was more of a sounding board to see what we have all been up to which isn't much.
I haven't missed anything as they both reiterated what I already knew as things are tough out there. They both want my product and are prepared to wait a little longer. They are currently paying excessive prices which is criminal considering how the economy is. Business is down literally 50% so if they can save 10% buying from myself then it is like gaining a decent sized client. I believe everyone should be looking out for each other and a little team work would be refreshing.
I have some ideas spinning in my head and a possible new venture which I will discuss further with my ex client. I gave him some details to investigate and gather data as I have kept the rest of the plan. He was curious, but I will not spill the beans until the data tells me I am correct on my assumptions. I have always been proactive as I hate the idea of not doing anything. Finding a niche in my industry is not that difficult if you look in the right places and is something I have pondered for sometime.
The idea of setting something up here that I can replicate else where is the end goal so this is just a stepping stone. I have given myself until the end of this year so getting involved with a new venture may sound crazy or a stroke of genius. I think I have just had enough of sitting around and know deep down this will work.
I know how bad things are right now with business having shrunk by a good 40%, but there is still room to maneuver and take advantage. I know and understand the market better than most and truly believe this down trodden economy is here for some time.
The plan of working with a connected and experienced team has more benefits than negatives as it lessens the risk of everyone involved. Trust has to be at the center of the team as I already know the volume and profitability involved. Funny as I blame Hive for how organized I think through things today. I have always been able to spot things ,but never knew how to accomplish the end goal. I am not a fan of partnerships normally, but assessing someone's character is something of a specialty now.
The businesses that can find a way to not only survive but thrive will become the market leaders in their prospective field of expertise. It is weird how you feel down in the dumps one day and the next ready to conqueror the world. I know my plan is not something I can pull off on my own and will need a team effort. Whilst business is down this is the time to act as everything like commercial property is still at discount rates.