Boom Bust Business Cycles Disrupt Interior Design Firms
Boom Bust Business Cycles
As anyone with experience in the interior design business knows, the business cycles can be brutal to the bottom line.
Let’s consider the recent boom bust cycle of 2005 – 2007.
Many interior design firms that that hired enough interior designers to handle the work load in 2006 were over-staffed in 2009. Many fine interior designers who made a great income in 2006 made nothing in 2009.
The New Normal
The “new normal” is a phrase coined by Mohamed El-Erian to describe the post-financial crisis era.
In the New Normal era, businesses should expect lower-than-average profits with heightened government regulation, lower spending, slower growth, and a shrinking global role for the U.S. in the world economy. Huge government borrowing in the U.S., U.K., and Japan will eventually lead to inflation as governments sell record amounts of debt to finance surging deficits.
The key is that businesses have to be agile: able to seize opportunities quickly and adjust to downturns rapidly.
Flexible Staffing for Boom Bust Business Cycles
You pay for Spec Book Pro quarterly as a subscription based on the number of users. If you need to upsize or downsize in the next quarter, just adjust your subscription. With this payment system, Spec Book Pro provides design firms with a software platform that allows adding new personnel when new projects are won. Freelancing interior designers can be brought on board from long distance — they don’t have to work in your office. In fact, the trend towards home offices can be applied because a team of designers can create and manage project specs from separate locations using Spec Book Pro. One of the great strengths of Spec Book Pro’s subscription model is the flexibility of the subscription model. You just pay for what you need to handle your business work load.
Pay As You Go Encourages Partnering
Since you pay for Spec Book Pro as a quarterly subscription, we are very motivated to keep you satisfied with Spec Book Pro. When you pay several thousand dollars up front for a software application, the vendor is not as incentivized to take care clients. In the case of a subscription, we must keep you satisfied to keep your business. Incentives matter!