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Old 08-12-2003, 02:27 PM
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afmcorp afmcorp is offline
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Join Date: Jan 2002
Location: NW Indiana LaPorte
Posts: 571
now for the negative.

do you know how much a 401k is to fund. health care remember you'll be paying for the 180lb man just like the 300lb man at 3 times the rate as the 180.

while your techs are giving your customers top class service they won't be working on many cars per day which means your profits go down ( or you can say income from that job) so that means you'll have to have more techs. more techs mean more payroll

someone mentioned being a doctor. you can't function your office profitably if you see just 6 people per hour. what is the number 20 0r 30 per hour?

tooling well you will have to have every available tool known to mankind...because if you need it you can't rely on a tech to have those 600.00$ spring compressor. so what's the cost who knows. it has taken me almost 13 years to own the tools needed for my work. i supply all the hand and power tools and measuring tools. that way i know the quality of the equipment is good and up to my standards.

and i believe you want to have enough solvent cash to fund the operation for at least 1 year maybe more. remember you'll probably have to carry the business for 6 months to a year until you get enough clients to turn a true profit.

now the new building. say you can bring it in 250k you'll need to have at least 50k just to qualify for just the building. especially if the bank knows you're a startup. if you don't have anybody on your team that has direct experience with this venture again you'll take a hit from the bank.
Thanks Much!

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