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The Basement
Some truth about investment and growth
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<blockquote data-quote="Helge A. Bentsen" data-source="post: 68814" data-attributes="member: 263"><p>Re: Some truth about investment and growth</p><p></p><p>Well, we are in for a fun ride <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p></p><p>The biggest PA company in Norway(AVAB), with a office in Kristian's town, merged together with their office in Lillehammer, their sister company in Bergen and the second biggest company in Norway to one company. They are now owned by a Finnish holding company that also owns a Finnish company and a major Swedish company.</p><p>The third and fifth biggest companies just merged together in response to this.</p><p></p><p>I currently have enough work on my own to pay for my investments alongside some freelance work for others. I do not intend to grow(as in becoming bigger) for the time being, there's no way I can afford competing with these guys. But I will invest in some more stuff next year to replace old gear, satisfy my customer base and hopefully pick up some gigs that the bigger companies turn away.</p><p></p><p>I talked to a couple of guys that were around the last time two major players merged and their advice was to strengthen your own business, get hold of good crews and pick up those who turn away from the major players. Some customers will look other places for their rental needs because their gigs are too small for the major players or they want to stimulate competition. Last time around everybody believed that the major players would crush all others, instead a whole bunch of new companies appeared because the customers had different needs than the majors could offer or wanted to offer. I believe it will happen again.</p></blockquote><p></p>
[QUOTE="Helge A. Bentsen, post: 68814, member: 263"] Re: Some truth about investment and growth Well, we are in for a fun ride :) The biggest PA company in Norway(AVAB), with a office in Kristian's town, merged together with their office in Lillehammer, their sister company in Bergen and the second biggest company in Norway to one company. They are now owned by a Finnish holding company that also owns a Finnish company and a major Swedish company. The third and fifth biggest companies just merged together in response to this. I currently have enough work on my own to pay for my investments alongside some freelance work for others. I do not intend to grow(as in becoming bigger) for the time being, there's no way I can afford competing with these guys. But I will invest in some more stuff next year to replace old gear, satisfy my customer base and hopefully pick up some gigs that the bigger companies turn away. I talked to a couple of guys that were around the last time two major players merged and their advice was to strengthen your own business, get hold of good crews and pick up those who turn away from the major players. Some customers will look other places for their rental needs because their gigs are too small for the major players or they want to stimulate competition. Last time around everybody believed that the major players would crush all others, instead a whole bunch of new companies appeared because the customers had different needs than the majors could offer or wanted to offer. I believe it will happen again. [/QUOTE]
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