weathering the storm: Sound Advice for Business Survival

摘要

Having been in business for 25 years and in the land surveying profession for 40, my intuition tells me that this economic recession, which has greatly hurt our profession, will continue to be detrimental for several more years. Some refer to this as a "financial crisis," which is true, but it has direct consequences to many parts of our lives. As a whole, bankers look at surveying as a subset of the construction industry. Due to that connection, as the housing and construction markets collapsed, the associated financial risks increased. As one banker told me in 2007, "We consider surveying a part of the construction industry, and if we can give you a loan, you will pay a higher interest rate." That's when you realize your industry is in trouble.