Mega shuts down his engineering company

[Mega]

Its Ok, because of having lived though the 79-82 recession & 89-92 recession i made careful plans. I got plenty saved & i think i am in with a good chance of a job locally.

Its a very hard thing to do, but easy choice..........65% of my clients are bankupt & the rest are not ordering ANYTHING. I been in this game for 25 years & my own bussiness for 16........its never been this bad!




At some point this has got to exploide up UK PLC?

Anyway am off to look at the jobs page.
Mike

[Ghent12]

Re: Mega shuts down his engineering company

Good luck Mega, and Godspeed.

[Glenn Black]

Re: Mega shuts down his engineering company

Its Ok, because of having lived though the 79-82 recession & 89-92 recession i made careful plans. I got plenty saved & i think i am in with a good chance of a job locally.

Its a very hard thing to do, but easy choice..........65% of my clients are bankupt & the rest are not ordering ANYTHING. I been in this game for 25 years & my own bussiness for 16........its never been this bad!




At some point this has got to exploide up UK PLC?

Anyway am off to look at the jobs page.
Mike

My engineering company was 25 yrs. serving the automotive industry, and is but a shadow now. I left my partner to hold down the fort, insufficient business to feed all of us, and went to seek my fortunes elsewhere.

Give yourself the time & opportunities for adequate grieving of your loss. It will take quite a while. Each month, from my experience, the pangs will hurt a little less, and will be a bit shorter in duration. I don't think they will ever go away 100%.

There will be a lot of grieving everywhere for the next couple of decades.

[shiny!]

Re: Mega shuts down his engineering company

So sorry to hear the news, Mega. I wish you all the best. May you land on your feet!

I'm in the same boat. Sales in my e-commerce store have fallen off a cliff. For the first time since I started over five years ago, I might not be able to meet my (very low) expenses this month. The income I've been bringing in has been used to supplement my husband's salary and save for retirement. Looks like it's time to hunker down and pray we can ride it out.

I'm depressed about losing my business. I built it from scratch. I learned HTML and wrote the website myself because I couldn't afford to pay someone to do it, then I learned how to optimize so now I'm listed at the top of Google in my niche. I have a lot of my heart in it. Sad to let it go.

[ThePythonicCow]

Re: Mega shuts down his engineering company

Well, not sure this is the right thread to post this -- but my son (a young man) just landed two jobs today. He's away right now delivering pizza, and later this month he will help collect the U.S. census. News of both jobs arrived via phone calls today. Both are crap jobs, but that's ok.

My condolences to the others posting job losses. Hang in there. Adapt. Be flexible. The human being is an amazingly resilient creature.

[stetts]

Re: Mega shuts down his engineering company

Dear Mega,
Your posts have educated, amused and enlightened me.
I am saddened to hear that individuals with your talent and verve apparently are not immune to the effects of this economy.
I wish you the very best of luck and may well join you in the unemployment line as my social security and retirement checks inevitably march toward their vanishing point.
Take care. Stetts

[ggirod]

Re: Mega shuts down his engineering company

Mega ... I survived '92 with a very close call that made me both scared and then confident shortly after, then made it for almost 15 years more, and now, I just started a new website today. Just like you, I have not given up. If you don't give up you really can't lose ... Hang in there, and we will all survive together. May the force be with you.

[DRumsfeld2000]

Re: Mega shuts down his engineering company

Good luck Mega. I still remember when I shut down my company a few years ago. Painful experience but at least I only lost my significant cash investment and none of my personal assets as they were not tied in.
Of course, according to Governments everything is improving!!!!!!!!!!!!!

[Sharky]

Re: Mega shuts down his engineering company

Mega, a friend of mine in the UK who works in IT said he and several others he knows have had to send out more than 1,000 CVs / resumes before finding a job, and that hiring managers are completely buried with job applications. I hope your experience is better.

[Jeff]

Re: Mega shuts down his engineering company

Good luck, Mike. There's stuff to do for sturdy lads, and even those of us a little shop worn. After decades in high tech ventures, and a quick decade in and out of real estate, I'm settled into a business that I hope will survive sovereign defaults, loss of electrical grids, death of the internet, and hell, probably a global version of an electromagnetic pulse- making shoes in a 3rd world country.

No quick riches like in the old days (with EJ and other pals) but everyone needs shoes, kids feet will always grow, and cows and cotton should be with us forever, so no supply worries. Yes, we use hand woven fabric. And sewing machines that still have treadles. And skilled craftsmen, remember those?

You'll do well.

[*T*]

Re: Mega shuts down his engineering company

Good luck Mike. Perhaps a chance to take a break from Liverpool?

[touchring]

Re: Mega shuts down his engineering company

Its Ok, because of having lived though the 79-82 recession & 89-92 recession i made careful plans. I got plenty saved & i think i am in with a good chance of a job locally.

Its a very hard thing to do, but easy choice..........65% of my clients are bankupt & the rest are not ordering ANYTHING. I been in this game for 25 years & my own bussiness for 16........its never been this bad!

If you're in the building engineering business, you may want to go to China. Half the building and construction in the world is done there.

Although have they run out of space in the cities, but they have started building in the countryside.

[aaron]

Re: Mega shuts down his engineering company

Me too (business down the tubes). I feel for you, Mega.

There is a good point that Charles Hugh Smith makes in is (great) book that resonated with me. Basically, things are so bad that many business people will think it is all not worth it. Taxes, regulations, politics... Why start a business, work your ass off, only to enrich others? I know it all my fault (I have been trained well), but more than 80% of my efforts were "lost" to taxes & banksters. There is something liberating about going to job, getting a paycheck, and having a few hours a week to spend with your family. How many others (much smarter than I) will make the same decision? How many inventions will be lost? How many jobs will not be produced?

[sunskyfan]

Re: Mega shuts down his engineering company

I have been self-employed for 7 years. Things have collapsed unless you are in a long term contract situation. I think the economy is that way. If you have the momentum of an existing contracts you haven't felt the pain yet. No new contracts or business generating. If you work for the Feds you are golden.

[icm63]

Re: Mega shuts down his engineering company

Sell up, take your money, skills and family and head down under (Aus/NZ/Sth Africa)..

UK is a sinking ship more so than others.