Todd | 08-12-2010 | comment profile send pm notify | ||||
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.
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 |
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Matt Kaminsky | 08-12-2010 | reply profile send pm notify | ||||
Todd, Are you a member of the ACPA? Matt |
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Todd | 08-12-2010 | reply profile send pm notify | ||||
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.
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schwing58 | 08-12-2010 | reply profile send pm notify | ||||
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 :-) |
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biloximike | 08-12-2010 | reply profile send pm notify | ||||
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. |
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Many | 08-12-2010 | reply profile send pm notify | ||||
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. |
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Seed | 08-12-2010 | reply profile send pm notify | ||||
Very inspirational Many! Best read in a long time! |
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Many | 08-13-2010 | reply profile send pm notify | ||||
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.
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Todd | 08-13-2010 | reply profile send pm notify | ||||
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. |
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Tracy | 08-13-2010 | reply profile send pm notify | ||||
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! |
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Todd | 08-13-2010 | reply profile send pm notify | ||||
that sounds good to me, i dont believe it but would be nice. |
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pumper chuck | 08-13-2010 | reply profile send pm notify | ||||
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.... |
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PumpKid_88 | 08-13-2010 | reply profile send pm notify | ||||
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 |
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dead pumper | 08-13-2010 | reply profile send pm notify | ||||
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:
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Many | 08-13-2010 | reply profile send pm notify | ||||
yep!!! |
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Grinder101 | 08-13-2010 | reply profile send pm notify | ||||
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 !! |
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ruck | 08-16-2010 | reply profile send pm notify | ||||
NEVER |