My Time at Guardsman had come to the end of it's journey, I had heard about a vacancy at " the protective Clothing Company" PCC Ltd. Bill Cranston was the Sales Director and the company was owned by Elka finance. Their business activity was mainly industrial gloves and disposable overalls, These were sold to other distributors such as Guardsman Ltd. My area was the West Midland's to the North, East and West coast up to the border of Scotland.
The package here was really good, it was in the booming eighties, the time of the YUPPIE !!
It was in the early 1980s that the term "yuppie" was coined. That word is not much used now, because the phenomenon it describes is so taken for granted, but at the time it was a label for something novel. Yuppies were young professionals who made lots of money. To someone in their twenties today, this wouldn't seem worth naming. Why wouldn't young professionals make lots of money? But until the 1980s being underpaid early in your career was part of what it meant to be a professional. Young professionals were paying their dues, working their way up the ladder. The rewards would come later. What was novel about yuppies was that they wanted market price for the work they were doing now.
The link will show you a news report 1987
PCC Ltd were a London based company, my income was London rates and I lived in the Midlands. The first couple of years were hard, I worked at the area my title was are sales manager and I ended up with a branch in Sheffield. I had 2 men in the warehouse and a lady in the office. The boom times had just begun. For the first time in my life I had loads of disposable income and I bought a Mercedes 350SL soft top. It was second hand but they were holding their value, in some instances they were rising in value. The whole country was growing, interest rates were reducing every year, house prices were rising at an incredible rate. My loan to value on my house was so low. I sold out and bought a smaller property that needed developing this was my first of many development projects.
I also had a 3 bedroomed house with a shop front , both parts were rented out separately, when the houses were rising in value, I sold out at the rental property at its peak.
Life in the mid to late eighties was incredible, everyday working people thought it would never end and then it came !!
NIGEL LAWSON MADE THE WRONG DECISION
By the mid-1980s, Britain was growing strongly, unemployment was coming down and inflation was below 2.5%. But under Nigel Lawson's stewardship, a property frenzy was allowed to develop, fuelled by low interest rates and tax cuts. After hitting a trough of 7.5% in 1988, interest rates doubled in the next year, with the result that unemployment rose above 3 million for the second time in a decade and house repossessions hit record levels. The bust was intensified by Britain's membership of the Exchange Rate Mechanism, which prevented interest rates from being cut.
By the late Eighties Bill Cranston had left the company and joined a competitor. Mr Leon Kendon promoted me to a Director, however it was becoming apparent the company didn't have a lot of future. They closed the Sheffield branch and we shared an office with a small distributor in Derby, Grants safety Supplies. I also worked for this company, at the same time as PCC, for 12 months to see if we could form a buy in.
The buy in didn't work out, one of my other customers Stewart Hodgskin had a company in Sheffield call Wilson Supplies, he had sold this company and still had a business in Telford called Three Counties Industrial Supplies. I bought in 40% of Three Counties in 1990 in the same year I married my present wife of 30 years.
Today I still develop property I have closed my other business's, except I am now learning how to start a new internet business. If you are interesed in learning how to build a business from home, in your spare time or even full time it's so flexible to suit your needs. Click the link and take a look.
If you want to follow the rest of my journey I will be posting each day, I hope you find my journey interesting please comment and share
I am now happy and fulfilled achieving my purpose, I have a property business and an online business. I have learnt to serve others ( as I hope I am doing now ) respect others for what they are trying to achieve no matter how big or small their ambition. I work on my attitude each day and look to help anyone I can on a daily basis.
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