Gold should track reality.Reality is still otherwise than some reports suggest I believe. The economy getting better is relative and I hope it is overall. Whatever it is I have to call it the new economy as it may not eventually have all that much simularity to the past one in north america. Thats if it even still has today. Personally I have my doubts.

Many of my current expected expendatures this year are being based simply on people will continue leaving this world. Or dying if you preffer.

We had a meeting today outlining what we are about to engage in. I do not want all the work or involvement of a new operation. Some of my son in laws and brother in law believe I always know what I am doing so they want in on the ground floor with this one.. Maybe I have earnt that over all the years. Maybe not.

At one time I engaged things that where considered almost impossible to pull off. This one is simple by comparison. Or appears so but also appearances can be decieving.

We do not need the income it will produce at our age and it would change nothing. Other than perhaps another layer of security and something to do. Plus potentially a rock for our decendants to come as so much is currently unpredicatable. I have to have some motavation or justification to follow this course now.

For some people with imagination and drive plus experience this economy seems to be presenting some unusual oportunities now. Or at least I am seeing them.

If it takes off well I might consider franchising this one. It is pretty solid looking. It was interesting to discuss a lot of components of the potential operation today. As usual we probably will be unable to meet even regional demand for the first while.

Personally I expressed the ideal that the size of the operation should be limited and franchising if excess growth cannot be met easily. This will allow us to stay flexiable and paid up as well as a hard nut for competition to deal with when it occurs. Success is always copied in north america is a given.

With things I have done in the past competition always seems to materialise. Initually there always seems little of any signifigance.. I just do not want any serious stress component involved with this one both early on and later.

It has to be very solid as well because I could have to pass off management responsibilities and other involvement at any time because of my age.

To me it is sound enough that we could even finance franchises. Just have to find the right people. Will take about two years to reach that point though if we do. Maybe enough space for thirty potential franchises in north america.

Not a licence to print money by any measure. Yet run on a sound basis a lot better than most things today. No serious competition at all at this time. This item being manufactured in north america is also an important component of it's ability to engage the marketplace properly. I will try to update the members from time to time as this thing gets going.

Tomorrow we wil pick up a small load of equipment I purchased even though it is Sunday to train people on. Fortunatly we do not have to buy very much new production equipment.

What has to be still purchased though is automated to reduce job count unfortunatly. Otherwise it would take too much space and bodies to meet daily production requirements. One practice of mine is for any venture to be fully paid up when the doors open.

I am unaware if this is really astute still but it does allow operation in my comfort zone. Plus visualised targets of required production and sales levels are not as important to hit. If you fall somewhat short it is not as serious for example.In fact if for some reason you closed the doors not much would be lost or your existance impacted very much.

It is unfortunate that with operations like this shares or portions of the ownership are not for sale usually. The return on investment would be substantial if the firm is honest. Capital is self generated by the company or any expansion does not occur in an economy like todays. That is another reason why franchising has to be considered.

Two years from now what we know will be of serious value to potential franchises. My personal problem is making sure they operate by our operation manual and methods basically. You do not want an under preforming franchise operation out there.

My guess is it may be required to place one of our own experienced people in it till it is stabilized properly. This component is just a remote possibility in the future at this point. Still we cannot service all of north america and there is going to be growing demand to do so with this product.