What is the typical annual gross income revenue you have seen either in your own company or in the company you work for this past year?
**Note this poll is strictly referring to income produced exclusively by surveying or mapping activities.
11
*****BONUS QUESTION******
Please explain the trend you have witnessed regarding annual gross income in the past 10 years and explain where you think it is heading.
Today, 10%-20% of the workload/revenue generated before the bubble popped 5 years ago.
Steady growth from the early 90s through 2004/5. An abrupt halt and nosedive going into the second half of last decade.
The forecast is mostly cloudy through 2013.
Until we see large policy shifts enacted by Congress which would be against their vested interests I don't expect to see much change.
We started our business eleven years ago today, and I just graphed our yearly income.
Steady fast growth, with the high points being years 6 and 7, then a steeper decline. The low point was year 10, and we've been climbing since. The floodgates opened last month and I'm buried in ALTA surveys.
> What is the typical annual gross income revenue you have seen either in your own company or in the company you work for this past year?
>
>
> **Note this poll is strictly referring to income produced exclusively by surveying or mapping activities.
>
> *****BONUS QUESTION******
> Please explain the trend you have witnessed regarding annual gross income in the past 10 years and explain where you think it is heading.
>
>
2001 = $1,000,539
2002 = $835,001
2003 = $681,354
2004 = $591,681
2005 = $597,554
2006 = $619,779
2007 = $645,079
2008 = $468,030
2009 = $378,663
2010 = $374,016
2011 = $175,720 YTD
The trick isn't the income now-a-days,
it's managing the expenses
If we don't get our debt under control the value of the dollar will be so low that it might take a wheelbarrow full of them to buy a loaf of bread. That has happened to others in the past and could be our future. Noticed that you did not take part in the poll by showing your gross income. Having grown up where those kind of questions being asked would get you a bloody nose or at the least a statement that it is none of your business, I will not be posting mine or any others income.
jud
> Having grown up where those kind of questions being asked would get you a bloody nose or at the least a statement that it is none of your business, I will not be posting mine or any others income.
> jud
Not too bright in my book Jud, not discussing money is what keeps famlies isolated, uneducated, & broke for generations, I believe true financial freedom comes through education and mutually benificial conversations about money.
At this point in the evolution of surveying, you would be doing your brothers and sisters in surveying a big favor by helping to identify a very real trend and offering your view of the future.
> If we don't get our debt under control the value of the dollar will be so low that it might take a wheelbarrow full of them to buy a loaf of bread.
That will happen a lot faster if we default on our debt. The grandstanding in our current Congress is pathetic. But I guess it gives them something to do... Otherwise, they might actually have to solve problems.
I believe true financial freedom comes through education and mutually beneficial conversations about money. It can be seen from your posting your income just how much you believe that. Want to reveal your income to someone, it is your choice, asking for that info is an insult. The future of surveying is going to be parallel to the future of this country. How we choose to deal with the debt and reinstall the provisions of our Constitution at all levels is what will control the future of surveying and all of our futures. I expect to see riots in the streets by those who feel they are entitled to money we don't have. That won't help but it will show what kind of people and if they are truly educated or just programed that we have produced. Which do you believe it will be?
jud
Tend to side with Jud on this one. It is no one else's business. Too many factors come into play to make direct comparisons anyway.
2005, $8,000,000,000
2010, $10,000,000,000
Glad to be retired.
> Too many factors come into play to make direct comparisons anyway.
Not really true when looking for trends, sorry though, get on back to the regularly scheduled fart jokes, search for 0.04', & whining about lightsquared.
> > What is the typical annual gross income revenue you have seen either in your own company or in the company you work for this past year?
> >
> >
> > **Note this poll is strictly referring to income produced exclusively by surveying or mapping activities.
> >
> > *****BONUS QUESTION******
> > Please explain the trend you have witnessed regarding annual gross income in the past 10 years and explain where you think it is heading.
> >
> >
>
> 2001 = $1,000,539
> 2002 = $835,001
> 2003 = $681,354
> 2004 = $591,681
> 2005 = $597,554
> 2006 = $619,779
> 2007 = $645,079
> 2008 = $468,030
> 2009 = $378,663
> 2010 = $374,016
>
> 2011 = $175,720 YTD
>
>
> The trick isn't the income now-a-days,
> it's managing the expenses
Thanks man, awesome, I see the same trend. The question is "would you invest in surveying based on this trend?"
I'll post mine, when you post yours.
maybe.
> Thanks man, awesome, I see the same trend. The question is "would you invest in surveying based on this trend?"
As I suggested in an earlier post, I'd invest somewhere else. I certainly wouldn't suggest a young kid in school invest his/her time solely in Land Surveying. As an aside to an engineering education maybe, but not specifically Land Surveying.
I wouldn't sign any lease/purchase agreements for equipment unless the agreement allowed me to return the equipment and walk away.
Until the foreclosures clear out and excess inventory is sold...
Until the realtors start asking what a home is worth and quit trying to get rich on one deal...
Until the banks loosen up and loan the money (they haven't invested overseas) in homebuyers that have 700+credit scores, 20% down, and less than a third debt to income ratios...
I wouldn't invest a lot in surveying.
Besides, I own my biz already. In fact, if anyone really wants to invest, I have a small surveying biz in sunny SW FL I'd part with for a cool $1.5M...
😀
I tend to agree about all the variables involved: mostly geographical pricing issues. But your trend of 2010 being about 1/3 of 2001 is pretty significant IMO.
Not quite that bad for me, but I'm solo with somewhat limited overhead. The worse trend is nobody wanting any boundary work done right now, so I'm forced to chase construction staking.
But this year is looking a bit better than last year, if we stay on track. Now if I could only convince one of the few remaining surveyors in town to dull his pencil - we could all start making some money.
You have made plenty of money!
Quit hogging up all the work....
Let someone else get rich..
Geez
> > What is the typical annual gross income revenue you have seen either in your own company or in the company you work for this past year?
> >
> >
> > **Note this poll is strictly referring to income produced exclusively by surveying or mapping activities.
> >
> > *****BONUS QUESTION******
> > Please explain the trend you have witnessed regarding annual gross income in the past 10 years and explain where you think it is heading.
> >
> >
>
> 2001 = $1,000,539
> 2002 = $835,001
> 2003 = $681,354
> 2004 = $591,681
> 2005 = $597,554
> 2006 = $619,779
> 2007 = $645,079
> 2008 = $468,030
> 2009 = $378,663
> 2010 = $374,016
>
> 2011 = $175,720 YTD
>
>
> The trick isn't the income now-a-days,
> it's managing the expenses
Best year in 3 years happening right now . Purchased new GPS system two weeks ago to help get the work done , purchased a new robot a year ago , going to purchase a new truck this year as well . Going to invest in surveying because its out there you got to stop whining and do more sweating . I will make bank this year . Also lightsquared can kiss my arse. I make money with the GPS until they flip the switch .
Amen bro!
> Best year in 3 years happening right now . Purchased new GPS system two weeks ago to help get the work done , purchased a new robot a year ago , going to purchase a new truck this year as well . Going to invest in surveying because its out there you got to stop whining and do more sweating . I will make bank this year . Also lightsquared can kiss my arse. I make money with the GPS until they flip the switch .
I'm am very busy right now.
Do I know how long it will last? No.
But it been the best it has been in the last 3 years!!!
The thing about gross income is that while its important, its not nearly important as NET income!!!:-D
If you gross $1,000,000 a year, but your expenses are $1.1M a year...you got a problem 😉