The wrong time or not??

[plumberdate]

Hi friends, for those who are self employed, is it the wrong time to be setting up my own bussiness??? what with the credit crunch etc?

im gonna be concetrating on maintenance not site work for now??

thanks crew

 

[ESplumber]

I'd say its a pretty bad time.I set up about 18 months ago and since the new year the amount of jobs I've had cancelled at the last minute I cant tell you! a lot of people are putting off the bathroom reno or other big jobs cos they cant get the loan or lost there jobs.A lot of my work is now small jobs or emergencies and I get a lot more people saying "Ok its going to cost X to replace that but how much to patchit?"Plus the extra time I know spend chasing those who havent paid!
You might be better off starting it part time and letting it grow rather than jumping in right now

 

[plumberdate]

thanks bud!!

im in a postion where i can start it, and dont have to worry so much about (big) income right away, as i have other financial incomes.

so i was plannin on starting early 09, and hoping by the time i spread my name the crunch will be over.

i guessed what you have said would be happenng at this time.

x

 

[tomplumb]

exactly wat im doin pal .... im hangin on now till about april time wen people have cash again but till then the oddjobs will see me through

 

[plumberdate]

nice 1 mate, thanks for replying

x

 

[Avatar]

r u a girl then plumberdate?

why the x?

 

[ste b]

Hope so lol......good luck

 

[plumberdate]

lol, theres nothing wrong with showing a bit of man love every now and then

***

 

[Lee_H20]

its allright holding back till january. BUT i feel that this 'ressession' will last a few years. am gna keep me odd jobs on. an find sumthing else while,
looking into a solar water heating course.

come back into the trade 'properly' in a year or so time.