A very quick thought for a Sunday morning.. My work-world (like many others) has been full of medium sized companies ripping off their clients for large fees for the past 10 years, flexing their muscles by showing off large bonuses, expensive Directors cars and packages, over-paying under-experienced junior staff and occupying swanky offices, and all the time charging out spotty young graduates with no clue about the real world at rates up to £400/day...
These companies, some of whose Director's I know well, have constantly been saying the days of the specialist / niche / small company are over...
Now that the credit crunch is really biting in the global economy and these very same companies are finding themselves saddled with high costs and - in some cases - expensive debt, ask yourself the following simple question that appeared in Property Week recently...
if you are a client, ask yourself who you would rather have selling your property: the niche firm led by the star agent or duo, or the megalith whose top brass are distracted by bigger corporate concerns?
At the same time, for whom would you rather work? A firm that is slashing costs, (has over-spent on expensive property leases or buying up over-valued smaller firms) whose share price is on the slide – or yourself and a few mates? Quitting to do this is risky but can also be a breath of fresh air.
I and many others like me already know the answer to this one!
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