The Economy, US Credit Downgrade and Little Fish
I was working on a new Little Fish Tales (on dealing with manufacturers as a Little Fish… stay tuned!) when news broke on Standard & Poor’s decision to downgrade the US Credit Rating from AAA to AA+ for the first time ever. As the economy has been on everyone’s mind for the past, oh, 3 or 4 years anyways, I felt it important to postpone the other topic and address this one.
So, how has the economy been treating us Little Fish? Anecdotally, we’re taking a beating. Corporate installs have slowed to a trickle over the past two years and competition for the government and education projects has skyrocketed. Big Fish who never bothered with some of the smaller projects that kept Little Fish fed are suddenly circling them with a hungry gleam in their eyes, while new players join the battle from other ponds – residential AV, security, telecom, IT. One #AVTweep who participated in the February 2011 #AVChat on ‘The Economy’ said, “(We) started doing smaller jobs we normally wouldn’t have messed with.” It is becoming harder and harder for the Little Fish integrator to get a nibble.