Gone very quiet
Discussion
This makes for interesting reading. A slightly different perspective as my business is based around obtaining Visa’s and, as such, is very international. We are still up for the year but are seeing a big delayed knock on effect now, fortunately we are a very low overhead business but this hasn’t been helped by starting a new member of staff on the 1st of March. Hopefully what we are seeing now will be short lived.
Jan + 48%
Feb + 47%
Mar + 306%
April + 9%
May + 4.8%
June + 7%
July -65%
August -185%!!
Jan + 48%
Feb + 47%
Mar + 306%
April + 9%
May + 4.8%
June + 7%
July -65%
August -185%!!
My side business..
I cant give month per month but there is a definate "no non-essential business" vibe going around. I write content/ghost write papers for large IT vendors and top tier website as a side line as well as do "introduction to product x" videos etc.
A lot of my clients tie in my work with the big conferences that occur. That obviously has completely gone for the time being. Being IT its all about middlemen so I am not sure how many clients will survive.
Luckily, a lot of my direct clients are still ordering, but not as much. My business is at ~50% of where it was last year but it has no debt and still makes enough profit to make it a compelling proposition. Overheads as a % are less than 5% even after CV19.
I have also noticed the generosity of my clients (They used to pay for me to visit them, international business class) has gone too. I don't know if it will return but for the timebeing I am plodding on.
I cant give month per month but there is a definate "no non-essential business" vibe going around. I write content/ghost write papers for large IT vendors and top tier website as a side line as well as do "introduction to product x" videos etc.
A lot of my clients tie in my work with the big conferences that occur. That obviously has completely gone for the time being. Being IT its all about middlemen so I am not sure how many clients will survive.
Luckily, a lot of my direct clients are still ordering, but not as much. My business is at ~50% of where it was last year but it has no debt and still makes enough profit to make it a compelling proposition. Overheads as a % are less than 5% even after CV19.
I have also noticed the generosity of my clients (They used to pay for me to visit them, international business class) has gone too. I don't know if it will return but for the timebeing I am plodding on.
Glad it's not just us...
This is our YOY:
Jan +34%
Feb -49%
Mar +36%
Apr -97%
May -55%
Jun -75%
Jul -74%
Aug -52%
We work with Further Education Colleges, so as soon as lockdown happened it was a case of battening down the hatches and reduce all overheads to near zero. They really struggled with remote working and it took a good 8-12 weeks for core support teams to get online wfh working ok... which had a huge knock on for us. I still have a number of contact that are unable to make outbound calls via their systems.
We're just about treading water, but things are still pretty bleak.
This is our YOY:
Jan +34%
Feb -49%
Mar +36%
Apr -97%
May -55%
Jun -75%
Jul -74%
Aug -52%
We work with Further Education Colleges, so as soon as lockdown happened it was a case of battening down the hatches and reduce all overheads to near zero. They really struggled with remote working and it took a good 8-12 weeks for core support teams to get online wfh working ok... which had a huge knock on for us. I still have a number of contact that are unable to make outbound calls via their systems.
We're just about treading water, but things are still pretty bleak.
red_slr said:
Similar to builders merchant.
Lots of sites shut April-May so pent up demand and trying to get back on programme boosted June/July. Perhaps a combination of people being away so reduction in DIY and some sites not back up to full programme meant reduced August figures. I’m finding the majority of the larger sites (London/SE) that are out of the ground are cracking on though and have been for weeks - it's 6months to a year down the line that worries me in new projects starting; particularly office, retail, hotel, leisure sectors.Drl22 said:
This makes for interesting reading. A slightly different perspective as my business is based around obtaining Visa’s and, as such, is very international. We are still up for the year but are seeing a big delayed knock on effect now, fortunately we are a very low overhead business but this hasn’t been helped by starting a new member of staff on the 1st of March. Hopefully what we are seeing now will be short lived.
Jan + 48%
Feb + 47%
Mar + 306%
April + 9%
May + 4.8%
June + 7%
July -65%
August -185%!!
By way of an update August has ended with a nice upturn and the revised number is -38%. Jan + 48%
Feb + 47%
Mar + 306%
April + 9%
May + 4.8%
June + 7%
July -65%
August -185%!!
We managed to pick up a decent new client, the first new client since March. Not sure about you guys but I have found many businesses have been unwilling to move from their current suppliers. Perhaps a better the devil you know scenario during these times.
We do IT services b2b. We are ahead of last year mainly because of ongoing contract revenues and a strong customer base (we have always been cautious about who we deal with). Really glad we have followed that strategy over the years. We have noticed an increase in unsolicited enquiries for our services post lockdown where businesses have realised they were not in a good place when remote working kicked in. Overall we are hoping to end the year broadly flat as some of the bigger project work is now delayed due to hardware supply.
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