Spring is almost here March BS thread!
Fleet Owner
Joined: Mar 2003
Posts: 24,724
Likes: 74
From: Blue Hill Township
out in suppertown? sure it does.
you can buy land out there for ~1000/acre. put a $30,000 building on a $5,000 lot. walla. shop.
That'd keep shop expenses under $1000/mo.
I'd just have to get 25/hrs a week to make it work. (not to mention all the part out opportunities to get extra $)
you can buy land out there for ~1000/acre. put a $30,000 building on a $5,000 lot. walla. shop.
That'd keep shop expenses under $1000/mo.
I'd just have to get 25/hrs a week to make it work. (not to mention all the part out opportunities to get extra $)
Electricity
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Bottom line is that it is NOT cheap to run a business and keep the lights on.
Yay Dodge!
You still have to have those kinds of cars out here to work on and when the college students leave you may have 10 cars of that brand here to work on total. Good luck at $50/hr. Not gonna last long at that rate especially a new business with no reputation to fall back on to get customers in the door.
That one won't work. They just rezoned in the city limits and no way they are gonna let you work on cars in that location. They are gonna want you out in the industrial park. Time to build new! Not to mention that building would probably take $40,000 to renovate it to work on cars.
That one won't work. They just rezoned in the city limits and no way they are gonna let you work on cars in that location. They are gonna want you out in the industrial park. Time to build new! Not to mention that building would probably take $40,000 to renovate it to work on cars.
Like you have a choice on the cup matter.
Don't hate.
point is to get business and build reputation. Hence the low rate. Once the name gets out, rate goes up. Not to mention I'd try to be a small Used VW dealership as well. Some relatively rust free $2000 beaters out front.
It could be done, not that I'm going to do it. I happen to like my career path. But, If I was to find myself collecting unemployment-I'd probably bet my IRA on it.
It's too bad about that location not likely being able to be converted to a shop, It'd be darn near perfect for something like this. Decently close to a main road, relatively close to the university.
It could be done, not that I'm going to do it. I happen to like my career path. But, If I was to find myself collecting unemployment-I'd probably bet my IRA on it.
It's too bad about that location not likely being able to be converted to a shop, It'd be darn near perfect for something like this. Decently close to a main road, relatively close to the university.
I would argue that it cannot be done in that area.
Postmaster
Joined: Jun 2011
Posts: 3,293
Likes: 0
From: On the saddle
You are forgetting a ton of expenses.
Electricity
Water
Sewer
Telephone
Internet
Web Site
Professional Organization membership
Repair Databases
Account suite
IT/Computers
General Liability
Healthcare
Advertising
Payroll
Taxes
Property Taxes
Security
Fire Protection
Warranty expenses
Etc, etc, etc...
Bottom line is that it is NOT cheap to run a business and keep the lights on.
You may start at a low rate but you are going to lose money right away. That is stupid. The kind of customer you want to attract is not the one that shops on price only as they will be gone if you ever raise your rates. When you discount yourself it is hard to build a reputation.
I would argue that it cannot be done in that area.
Electricity
Water
Sewer
Telephone
Internet
Web Site
Professional Organization membership
Repair Databases
Account suite
IT/Computers
General Liability
Healthcare
Advertising
Payroll
Taxes
Property Taxes
Security
Fire Protection
Warranty expenses
Etc, etc, etc...
Bottom line is that it is NOT cheap to run a business and keep the lights on.
You may start at a low rate but you are going to lose money right away. That is stupid. The kind of customer you want to attract is not the one that shops on price only as they will be gone if you ever raise your rates. When you discount yourself it is hard to build a reputation.
I would argue that it cannot be done in that area.
It's not that I didn't think of those expenses, Its that those aren't huge expenses in a one man operation.
Especially considering a timing belt repair (1 day of work) would cover them all.
Would Morris be tough? yes. Would it be impossible? no. The big thing would be using the shop to dismantle cars and stock used parts, and selling them on the internet through multiple venues. Not to mention, knowing a good tow guy (or 2) to recommend my shop, whenever possible
Go look at housing prices in Morris. Looks like there is ok housing for under 50k.
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Thread Starter
|
FTE Chapter Leader
Joined: Mar 2005
Posts: 23,869
Likes: 9
From: Suppertown, MN
point is to get business and build reputation. Hence the low rate. Once the name gets out, rate goes up. Not to mention I'd try to be a small Used VW dealership as well. Some relatively rust free $2000 beaters out front.
It could be done, not that I'm going to do it. I happen to like my career path. But, If I was to find myself collecting unemployment-I'd probably bet my IRA on it.
It's too bad about that location not likely being able to be converted to a shop, It'd be darn near perfect for something like this. Decently close to a main road, relatively close to the university.
It could be done, not that I'm going to do it. I happen to like my career path. But, If I was to find myself collecting unemployment-I'd probably bet my IRA on it.
It's too bad about that location not likely being able to be converted to a shop, It'd be darn near perfect for something like this. Decently close to a main road, relatively close to the university.
You are forgetting a ton of expenses.
Electricity
Water
Sewer
Telephone
Internet
Web Site
Professional Organization membership
Repair Databases
Account suite
IT/Computers
General Liability
Healthcare
Advertising
Payroll
Taxes
Property Taxes
Security
Fire Protection
Warranty expenses
Etc, etc, etc...
Bottom line is that it is NOT cheap to run a business and keep the lights on.
Exactly. So many people fail to realize all of the overhead that it takes to run a business, especially one that has employees and one that will be there in another 10 years. I am preaching to the choir though; you know what I am talking about.
You may start at a low rate but you are going to lose money right away. That is stupid. The kind of customer you want to attract is not the one that shops on price only as they will be gone if you ever raise your rates. When you discount yourself it is hard to build a reputation.
I would argue that it cannot be done in that area.
Electricity
Water
Sewer
Telephone
Internet
Web Site
Professional Organization membership
Repair Databases
Account suite
IT/Computers
General Liability
Healthcare
Advertising
Payroll
Taxes
Property Taxes
Security
Fire Protection
Warranty expenses
Etc, etc, etc...
Bottom line is that it is NOT cheap to run a business and keep the lights on.
Exactly. So many people fail to realize all of the overhead that it takes to run a business, especially one that has employees and one that will be there in another 10 years. I am preaching to the choir though; you know what I am talking about.
You may start at a low rate but you are going to lose money right away. That is stupid. The kind of customer you want to attract is not the one that shops on price only as they will be gone if you ever raise your rates. When you discount yourself it is hard to build a reputation.
I would argue that it cannot be done in that area.
Hey Dale!
How long is vacation for?
Thread Starter
|
FTE Chapter Leader
Joined: Mar 2005
Posts: 23,869
Likes: 9
From: Suppertown, MN
ok, so start at a normal rate and issue coupons... either way.
It's not that I didn't think of those expenses, Its that those aren't huge expenses in a one man operation.
Especially considering a timing belt repair (1 day of work) would cover them all.
Would Morris be tough? yes. Would it be impossible? no. The big thing would be using the shop to dismantle cars and stock used parts, and selling them on the internet through multiple venues. Not to mention, knowing a good tow guy (or 2) to recommend my shop, whenever possible
Go look at housing prices in Morris. Looks like there is ok housing for under 50k.
It's not that I didn't think of those expenses, Its that those aren't huge expenses in a one man operation.
Especially considering a timing belt repair (1 day of work) would cover them all.
Would Morris be tough? yes. Would it be impossible? no. The big thing would be using the shop to dismantle cars and stock used parts, and selling them on the internet through multiple venues. Not to mention, knowing a good tow guy (or 2) to recommend my shop, whenever possible
Go look at housing prices in Morris. Looks like there is ok housing for under 50k.
Thread Starter
|
FTE Chapter Leader
Joined: Mar 2005
Posts: 23,869
Likes: 9
From: Suppertown, MN
Not sure, was on the other night and the screen flashed and I had a message that said your password has been changed. It changed it to one I haven't ever used on here. So I then try the forgot your password message and went to try that way. Still can't log on after the password was reset.......