When will things go back to normal???
Todd 08-12-2010
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I personally believe that we are going to stay in this recession for 5 to 7 years. People ask when will things go back to normal, well guess what, today is the NEW NORMAL. You have to operator your company as if this is the climate and this is how things are going to be for the next 5 years or so. We all have to figure out how to make money today. If your not making money now you have to figure out a new game plan, diversify or find something different to do.

The one thing we can not do is hunker down and wait this out. If your not making money now than you have to change your game plan. Call in your team and brain storm. What ever you do you can not wait out this recession with out any call to action. You will not be able to survive by just making payroll and your equipment payments. You have to have a strategy that will make you money. So many companies are spending all their savings, taking loans on their homes and still losing everything they have ever worked for.


Here is how I see things unfolding.


  1. In the next 5 to 10 years we will see a large reduction in Concrete Pumping Companies. Possibly as large a reduction as 60% to 80% less Pumping Companies.

  2. Ready Mix Companies and Concrete Contractors will be the lion share owners of Concrete Pumps.

  3. The Few Concrete Pumping Companies left will own the larger booms, 52 meter pumps and larger. They will also do more of the high end and specialty work.

  4. I also think that the American Society of Concrete Contractors (ASCC) will end up being the most important Association to belong to. Weather your a manufacture or a pumping company.

  5. I think that in 10 years the CPMA will be doing very well and be very strong.

  6. I think that in 10 years or less, maybe much less the ACPA will not exist. They may merge with ASCC or just fade away.

  7. I think that Concrete Pumping will survive and be the most prominent way of placing concrete.

  8. I do not think we will have one or two prominent Concrete Pump Manufactures anymore but many to choose from like we do in the auto industry.


The one thing I am sure of is that concrete pumping will always be around, the big unknown is how will the concrete pumping industry look in 10 years?

Just my thoughts take it for what its worth.

Please post your thoughts I would love to hear them.


Todd Bullis

www.ConcretePumping.com


Matt Kaminsky 08-12-2010
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Todd,

Are you a member of the ACPA?

Matt


Todd 08-12-2010
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I am not a member at this time, the dues are just to high for me at this point. I still recommend pumping companies to join the ACPA. The ACPA is doing great work. I just think that they will end up merging with another Association at some point or just not have the funding to maintain the Association. I know the ACPA is doing really well right now but I also know they are losing members as pumping companies are going out of business and filing bankruptcy. I also think that the Manufactures will need the ACPA less and less as time goes on and the ACPA will have to be a bit less reliant on the Manufactures for revenues.

 


schwing58 08-12-2010
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Well if this is how its gona be the next 10 years its ok for me. Im on holliday but just got a call from my boss if I can please take some jobs. 55 hours a week is juuuust fine for me :-) gives me some time for a private life aswell :-)

biloximike 08-12-2010
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Todd

You are right on a lot of levels, however the companies that will make it will be the ones that are above board, honest, do not lie, and when they say "you have my word as a man" - honor that word - they will live on.  Those that just throw words out like "I am a man of my word" and do not honor that word no matter what else transpires or changes are so far down on the food chain a dog would not feed on them. 

If the government will keep its nose out of the private sector the natural order of business will evolve and weed out the badly run companies, those on life support, or having to beg daddy for money to stay afloat.  Those companies that are run by Men will do just fine.  As for the rest - its long fall from being upper crust and the landing will be very very hard.


Many 08-12-2010
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Built to last successful habits of visionary companies

1. Realize your Potential

In order to succeed at anything, you need to see that you have the potential to reach your goals. For example, if you want to be a recording artist but have no singing ability, having success in this field is not likely. However, if you love working on cars and have a real talent for fixing engines and transmissions, and to you, success would mean working for NASCAR, you have potential to learn and achieve that success.

2. Don’t Look Back

Everyone has failures or mistakes from the past. To have success, you need to learn from your past and value those difficult lessons but do not every dwell on the past. Simply move forward and make better, more educated decisions from the lessons learned.

3. Dare to Dream

To succeed, you need to have dreams and aspirations. Be honest with yourself as to what you want out of life and what you want to give of your life. Allow your mind to dream and think big.

4. Business Plan

Create a Business Plan as your very first step if you are planning to build a business. Whether you will be searching for investors or not, this plan will be the blueprint to your success. The Business Plan will consist of market trends, financial planning, competitive analysis, exit strategies, marketing and promotional options, everything about your goal. When going before an investor, you will be required to have a Business Plan. This is by far the most important document of all. If your success were something personal, you would not need to create a Business Plan although a project plan would be a good option to allow you to keep track of everything involving your goal.

5. Don’t Give Up

To reach success, you have to persevere. Even Thomas Edison had to learn this. When he was creating the incandescent light bulb, it took him more than 10,000 times to get it right. Keep striving even when it becomes challenging.

6. Have an Unstoppable Attitude

You need to have determination. With good intentions, there may be a close friend or family member that feels it would be better if you focused your attention in another direction. Uphold your unstoppable attitude, determined to succeed.

7. Stop the Complaining

You might think there is no correlation between complaining and success when in fact there is a connection. When you are spending time complaining about the obstacles you are facing, you are wasting so much time being negative that you are actually loosing chances to move forward. Instead of thinking of challenges as problems, think of them as opportunities.

8. Accept Responsibility

You need to accept responsibility if you make a bad decision or fall behind in your plan. Let us say that you have set some firm milestones that need to be accomplished in order for you to move to the next step. However, you got tired of working hard and took some time to play, which is fine as long as it does not affect your goals. Now months have passed and you are way behind schedule. This delay has closed several doors of opportunities. Who is to blame?

9. No Shortcuts

An old cliché states, “Anything worth doing is worth doing well.” This should be your motto. When you want to succeed, you cannot afford to take shortcuts. Taking shortcuts leads to imperfection and inadequacies. Always strive for the best, even if it requires a little more time and effort.

10. Be Excited to Learn

Referring back to the analogy of Edison, when asked about his failures by a young boy, Edison commented, “Young man, I didn’t fail 9,999 times, I discovered 9,999 ways not to invent the light bulb.” As you work toward your specific success, always enjoy opportunities to learn, even if it takes longer than you think it should.

11. Be a Good Listener

To succeed, you need to learn how to listen first. Pay attention to other people who have enjoyed successes in their life, attend seminars given by people that can motivate and encourage, or be open to hearing that a particular idea is not a good one. Good listening takes time to learn but in the end, it will be your greatest tool.

12. Birds of a Feather

If you have a goal of being a best-selling author, find friends and mentors who either have achieved that same goal or are also pursuing a successful writing career. It is important to surround yourself with people that can associate with your goal and passion, people who understand the burning desire to succeed and can encourage when you meet with disappointments.

13. Be Proactive

While it may take time to learn how to identify ways to avoid obstacles or failures, get into the habit of tackling problems before they arise. This will help you avoid wasting precious time on your road to success.

14. Stay Motivated

When striving for the big goal of success, it is critical to stay motivated. Find inspiring and motivational tapes, seminars, books, movies; whatever you are able to get your hands on. When you start to feel a little down and out and doubt starts to creep in, turn to these motivational tools to help you keep on track. A few excellent motivators include Tony Robbins, Norman Vincent Peale, Jim Rohn, Zig Ziglar, and Les Brown.

15. No Excuses

Many famous actors, music artists, inventors, etc., had special challenges ranging from learning disabilities to physical disabilities. Take Beethoven for example. He was born deaf yet he went on to be one of the world’s greatest composers or Joni Erickson who was paralyzed from the neck down yet she learned to paint with her mouth. Today, her paintings are famous around the world and worth millions. If you are faced with a special challenge of your own, while you may have to adjust things from time to time, do not use excuses. If you want something bad enough, there is a way!

16. Patience and Dues

Succeeding takes time. A goal worth setting will take time to achieve. Be patient with yourself, the people around you, and the process it takes to become successful, also referred to as “paying your dues.” Just like the chef scenario, it takes time to be a master chef. Pay your dues by learning and working your way up the ladder to success.

17. Good Time / Resource Management

Being successful also means keeping to a schedule. In addition, you need to learn how much is too much. Good time and resource management will help you ensure that you use your time wisely and that you are not adding third portions onto a plate still overflowing with seconds.

18. Make Opportunities

Rather than wait for opportunity to find you, you need to find opportunities. This might be watching for business opportunities in the paper regarding small businesses being sold, great real estate opportunities, and investments with stocks, bonds, or mutual funds, taking a talent and turning it into an entrepreneurial adventure. People that have reached financial status will tell you that they look for ways to seize opportunities, not wait for opportunities to come knocking on their door because it will not happen that way.

19. Attitude

Putting yourself in the right attitude for success should be at the top of your list. Staying positive and surrounding yourself with friends, that share a positive attitude will help you succeed. Do not allow negative thoughts to slip into your mind. Attend motivational seminars and find ways to enjoy life. A good attitude will allow you to turn any bad situation into a learning experience. You have heard the saying, “The glass is either half-full or half-empty.” You need to adopt the attitude that life is half-full. The result is that you will feel better, have more energy, and have a much higher opportunity for success.

20. Keep a Journal

As you work hard to reach success, regardless of what you consider that success to be, you need to be able to see your accomplishments. Start a journal and track every thing you have conquered. When you feel discouraged or frustrated, reflect on what you have achieved, and rejuvenate yourself.

21. Set Daily Goals

In order to visualize your accomplishments and stay encouraged, you need to set daily goals. These goals can be as simply as a follow up phone call or a written letter to an investor. Whatever the task is, get it done. In addition to keeping the process for your success on track, it will help you to feel like you are making accomplishments, pushing you closer and closer to the success.

22. Collaborate with Others

More than likely, you will reach various times when you do not have the appropriate expertise to accomplish something. This is the time collaboration and/or networking is valuable. These relationships can help you answer questions, provide guidance, and provide the ongoing support and encouragement you will need.

23. Repositioning and Reflection

On occasion, reflect on what you have accomplished as well as your open milestones and ensure you are still heading in the right direction. Repositioning along the way to success is perfectly normal and to be expected. You may have been struggling with something specific. Rather than continue battling this issue, reflect on what has not been working, and reposition yourself so you do not have to keep battling the same things repeatedly.

24. Record Keeping

Always keep your records up to date. This would include contact information, investor information, Business Plans, attorney information, accounting, everything you touch regarding your goal. In addition, keep your files on your computer backed up and current. First, you never know when you are going to be asked for a specific document and need to provide quick turn-around. Second, computers do crash and it would be a disaster if all of your information were suddenly gone.

25. Get out of Debt

Take time to get any debts paid off, especially credit card debts that will cost you a fortune in interest. This is especially important if you will be seeking funding as a part of your particular success. You want to ensure that your records and credit are clean if you need to make a presentation before an investor, asking for money.

26. Read

Stay current on the industry news that your goal falls in. Learn about current trends, company failures or successes, new ideas; whatever information you can find. For example, if you have decided to open a retail store and have a great idea and a real passion for your goal, read about that specific type of store, location, potential revenue, downfalls, everything. This information will be a part of your business plan and is crucial.

27. Take Notes

How many times have you had an idea either through a dream, while doing the dishes, or sitting at your desk, and have thought that as soon as you have time, you will make a note of it. When that free time rolls around, you have forgotten some or all of that great idea. Keep a journal or notepad handy at all times. When you have an idea, write it down immediately.

28. Participate

If attending seminars or lectures that will help you get ahead, if there is the opportunity, participate by asking questions or making valid points. Participation is a great way to remember what is being taught.

29. Take Good Notes

Whether you are at a seminar, a casual meeting, or notice something special in the news, take good, comprehensive notes. This is not always a natural skill but something that has to be acquired. You want to pay attention to the emphasis being made capture it. Even if there are materials being handed out, if there is something that you feel you should capture separately, do it. Good notes will help you learn better and provide additional reference points.

30. Study Time

No matter what your goal for success, you should set aside some time to study. If you want to be a successful hair stylist, study different styles, colors, and trends. If you want to be a veterinarian, study animals. Whatever your success, take time to read, research, and ask many questions. You should also consider volunteering at the local beauty school or hair salon or your veterinarian’s office. Ask if you can follow them around for a day or two and without getting in the way, observe, and ask questions.

31. Set Realistic Goals

People wanting to be successful often want overnight results. Unfortunately, that is not going to happen. You need to do an analysis to determine a realistic amount of time it will take to reach your specific success. As you go through your Business Plan you may find times that dates have to adjusted but even if there are changes, keep it realistic. Otherwise, you will become frustrated and quit!

32. Don’t Make Quick Decisions

When things in your plan need to change, unless necessary, do not make quick decisions. Just as it took time to plan in the beginning, it will take time to change. You want to make sure you are making the right decisions when changes come up. Do your research just as you did in the beginning and then make educated choices.

33. Conduct Research

It is important to know what you are getting into. First, you will want to conduct research as far as the business, industry, or interest associated with your particular success. Second, the research will help you stay up to date on trends, which may or may not require you to make adjustments in your own goal. For example, if you were interested in opening a particular business focusing on a specific technology and that technology took a turn to another direction, new advancements, you may need to change the direction you were going for your own business. Unless you kept up on research, you would not know when a change was needed and therefore, would end up building a business already headed for failure.

34. The Right Marketing

When you get ready to start marketing your business or idea, never rely on one method of marketing. It is important to look at several options since nothing will last forever.

35. Have Fun

When people start into the process of being successful, whether for personal growth or starting a business, they may start by incorporating fun, but within a very short time, they realize it is hard work and the fun simply falls by the wayside. If you look at some of the most successful people in the world such as Sam Walton, Oprah Winphrey, or Ross Perot, you will find common threads that run between all of them. First, they started with nothing; second, they are all multi-millionaires many times over, and third, they have fun. They enjoy life, the people around them, and even find enjoyment in the challenges. This one element is often forgotten. This is a crucial element for success and should be a part of your plan.

And the factories stay out of the pumping business,stop creative financing.Oh,the acpa ain't what it's said to be.In the trenches is where it's happening.


Seed 08-12-2010
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Very inspirational Many! Best read in a long time!

Many 08-13-2010
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Thoughts from a delusional author

I trust folks don't believe the acpa is the bible of concrete pumping.In the begining it had merrit,a common goal of good for all.It is/was controled by the biggies of the industry and influenced by manufacturers.There approach was that of do as I say because i'm bigger and smarter than you.Where are these leaders today? In the poor house.They have spent countless thousands ($) on fighting the IRS,a hopeless cause.They did not have the insight to adjust there own policies and include these charges in the final bills.These they call our visionary leaders,in the poor house now.

The acpa may be changing now that the leaders as we know them are gone.Getting back to basic's of safety,helping companies prosper,a healthy dose of bankruptcy itself to reduce it's own debt load.The days of do as I say,not as I do are over.A new blood and line of thinking is needed,for the good of the industry.Ever wonder why the membership dues are so high? I do,well other than influence peddling.

Out with the old,in with the new.Maybe this time they can tell the story right.This recent dose of depression economy adjustment has taught the big guys one heck of a lesson,learn from it and do the right thing.  

 


Todd 08-13-2010
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This post was not intended to be an ACPA bashing post. I love the ACPA and Many of its leaders are my friends and I have the utmost respect for most all of their leaders. My post's point is not to bash the ACPA but to toss out possibilities of how our industry will look in 5 or 10 years not to provide an opportunity to bash the ACPA. I even had their link on my page sending everyone to their web site for the longest time but they asked me to take if off because I was not a member or I would still have the link up. Joining the ACPA should be a no brainier.

Tracy 08-13-2010
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Catipiller and John Deere say 2012 -2013 should be out of this hole, Climax Copper says 2012! I believe these  companies can see the future better then us! Feel the UP BEAT!

Todd 08-13-2010
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that sounds good to me, i dont believe it but would be nice.

pumper chuck 08-13-2010
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predictions are like a==holes we all have one . mine is we have what we have ,do the best with it you can and keep moving forward, [no one] knows if tommorrow will come or not,and[ no one] can predict the future.however there is two things you can count on ,if you live you will die and whille you live you will always have to pay sam .[taxed till death].you make it he takes it. as far as the resecion go's dwell on it and it will haunt you, consume all your time,and put you in an early grave with ulsers out yer a== , so spend the rest of your time living,loving and learning. life is to short not to. live well and drink responsibly.AND THANK GOD FOR EVERYTHING EVERY DAY .YES GOD...the only one who knows the future....

PumpKid_88 08-13-2010
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well todd i must say im a young one but i think once the big comp leaves think we will be ok but cuz of the big guys we cant make money cuz the cost is to small like ppl want a 32m under 500 bucks flat....are u kidin me come on now but im sayn im blamein the big guys for takein all the work must say the big ballers around me isint running every day cuz thay wnt go cheep no more

dead pumper 08-13-2010
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Todd:

Excellent analysis.  Anyone that has invested in pumps would do well to read and heed your thoughts.

This industry has been hit by the perfect storm:

     1.  Too much price cutting for too long.  You know who you are.  You should man-up and face the results you have caused.  Yes - you succeeded in driving out some of the small operators, but you have mangled yourselves in the process.  People told you that you couldn't work that cheap, and it was true. At the end of the day, you were not a winner after all.

     2.  Too much friendly financing from the manufacturers.  You also know who you are.  You have permanently pissed off some of your potential customers, and I don't think they'll be too interested in your products in the future.

     3.  The commercial and housing markets are way overbuilt.  It will take a long time to fill up the empty space.  Five years might do it, but seven is more likely.  Government work is about the only bright spot on the horizon, and that may change with the next election.

     4.  There's a huge oversupply of equipment that is lurking out there.  When B/B finishes their liquidation, the resale value of existing equipment is going to take a serious hit.

I agee with some of your predictions, and differ on some others.  My views:

  1. In the next 5 to 10 years we will see a large reduction in Concrete Pumping Companies. Possibly as large a reduction as 60% to 80% less Pumping Companies.               Totally agree

  2. Ready Mix Companies and Concrete Contractors will be the lion share owners of Concrete Pumps.   I don't think it will happen that way.  Maintaining pumps is a lot more complex than maintaing mixers and troweling machines.  It will call for a different skill-set than they possess.

  3. The Few Concrete Pumping Companies left will own the larger booms, 52 meter pumps and larger. They will also do more of the high end and specialty work. True in major markets, but small towns will always have a need for smaller machines. 

  4. I also think that the American Society of Concrete Contractors (ASCC) will end up being the most important Association to belong to. Weather your a manufacture or a pumping company. No opinion

  5. I think that in 10 years the CPMA will be doing very well and be very strong.  No opinion

  6. I think that in 10 years or less, maybe much less the ACPA will not exist. They may merge with ASCC or just fade away.  Most likely true

  7. I think that Concrete Pumping will survive and be the most prominent way of placing concrete.  It will survive in one form or another.  If the owners will use their heads and charge enough to actually make a profit, the pump's share of the market will decline.

  8. I do not think we will have one or two prominent Concrete Pump Manufactures anymore but many to choose from like we do in the auto industry.  They will come and go - just like today.  I would not want to be a manufacturer for at least the next five years.  There's so much used equipment around for cheap that it is going to be really hard to sell any new iron.



Many 08-13-2010
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yep!!!

Grinder101 08-13-2010
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i personally believe that we will stay in this recession 6 - 8 years. yeah that's right todd, not 5 - 7,  6 - 8!  maybe 8 1/2 !! 

ruck 08-16-2010
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NEVER