> Business is way down - jump ship or hang tough?
Business is way down - jump ship or hang tough?
In my job I help people buy or sell their manufactured homes which are in parks where you own the home but you rent the lot. Sales have been in the toilet for the last few months and I'm starting to wonder if I should jump ship and find a different sales job or hang tough and stay where I'm at.
My question for the experts is, "How do you know when it's time to abandon ship?" - by Thomas
Thomas, if anyone can understand how you feel, I can. I'm an automotive trainer and for the last 5 months, my business has been terribly down. And usually, when my training is down, product sales are up, and even products have been down, dismally.
I recently sent out 10,000 faxes to dealerships around the country to help develop their internet departments, which is one of my specialities. Under the current market conditions, I even cut my daily rate to help them out. I did not get one response, which has never happened to me before.
After 20 years in the business, I have just decided to give up the training part of my business, and sign on with a mega dealer as their Director of Internet Operations. I had to make this decision, as you called it "jump ship" because I just got tired of the ups and downs of our industry. Fortunately, I'll still keep my products business because they sell really well on the internet.
I'm a big fan of sticking it out. One of the comments I made in another post is, "if you want to be successful, never give up." But I can see when a market is really down, an individual still has to make money and support his family. Decisions like this are made all the time.
I get tired of our government saying that we're not in a recession. People are just not spending money right now. My suggestion to you Thomas is do whatever you have to do, honestly, legally and ethically to prosper, for yourself and your family. What could happen several years from now has nothing to do with decisions you have to make today regarding survival.
I hope people don't take it that I propose quitting every time things get tough. But, a mans got to do what a mans got to do.
Mike - by Mike Whitty
I'd like to take this question a step further, if I may.
What if the manager has "the talk" with you about failing to meet quota for the quarter, and it's obvious that the market is in a downturn? I'm doing my best, but the prospects just aren't willing to invest the money.
(Some background: I sell software in the transportation industry. Have you seen the price of Diesel lately?)
I'm not being fired, but if I'm not meeting quota by the end of May, he has hinted at "discussing actions needed at that time."
Is it time to go? I don't want to, but I don't want to wait until I'm fired, either. - by Mr Paul
I haven't been designated one of fhe so called experts for this thread by my impression is that anyone can add to the dicussion. What to do is a highly subjective question obviously. Your confidence in your current business and in yourself is part of the equation to consider as well as the pros and cons of leaving and what to expect if you do that.
My business is dependent on two things - sales and sponsorship of distributors - and I made the decision to stay with one company regardless of temporary "recessions" into negative or status quo growth. My decision was the result of many considerations.
The main consideration I'd say is do you have an absolute passion or rational connection to what you do and if so do you see today's sales as a temporart situation? Also, could you easily find something else if you applied your time and are you up for it? Do you have the confidence and skills and tenacity to find another sales position in the next 30 - 120 days?
I too can cry about the economy - not everyone wants to use high quality nutrition or will believe that the products I sell can help them in powerful ways and in a sluggish economy not want to spend on what I sell. Nevermind that they'll go to the race track, buys sm