Speechless wrote:
On 29 Nov 2005 01:38:50 -0800, "noswal" wrote:
hi i live in elkhart indiana
Who would be interested in purchasing your skills and services in the
community you live? Is it an industrial/manufacturing community? A
farming community? Who is your customer?
You may have to move to an area where there is a demand for the skills
and services you offer or the type of welding you like to do.
and hav tried several times to start up a
weld shop
From this you should have learned that running your own business is
80% marketing and 20% actually doing what you like to do and are
qualified to do.
I can't agree more with this...If you aren't interested in the
marketing/sales end of running your own place, either contract someone
who is (for a HIGH percentage) or kiss off the idea of ever working for
yourself.
I'd say the 80/20 numbers are about right...except at start-up where
it's more like 150 (more than an 8 hour day)/ 5 and the 5 is spent
making marketing samples to show examples of your skills. Of those
marketing efforts, 95+% of the time will be wasted on customers you
later find to be low to nil potential. Business doesn't just wander
in...you are against 200 other guys trying to do the same thing as you
and you have to be BETTER than them at convincing potential customers to
choose YOU...and choose you AGAIN.
Oh yea....add in a ton of labor time to cover the paperwork that goes
along with owning a business. People like to dream of working for
themselves but with rare exception, you spend most of you time doing
office and sales jobs, not the more interesting work. It's quite a slap
in the face to find out that you don't get to do what you actually
thought you were doing by running your own place.
Think LONG and HARD as to whether you can stand the job of paper pusher
and salesman before running your own business. If you hate that kind of
thing, find someone else to work for or expect it to be a hobby business
for a looooong time until (through quality work) you have enough of a
reputation with enough people from simple wanderings and word of mouth
to pay the bills. That day may never come.
Koz
been welding for 20 yrs,
OK
but i am more of a hands on person
than a salesman,
Then you should hire a salesman but, what is this salesman going to
sell, and whom is he going to sell it to? This is still your
decision. Why would the saleman want to sell it? Why would the
customer want to buy it?
hav torches ,tweco mig,all the right tools not
portable yet (had tried that too) hav a small garage set up!
OK
someone
that wants to make some good money and would be trustworthy, I would
seriously consider a partnership with.
You need to quantify:
How much "good money" per annum?
Do you have financial records to support your "good money" claim?
What is your Current Ratio?
What is your Quick Ratio?
What is your Net Profit on Sales?
What is your Collection Period?
What is your Inventory Turnover?
What is your Return on Investment?
A partner worth having will want to know the answers to these.
Define criteria for "trustworthy".
Person "A" is trustworthy.
Person "B" is not trustworthy.
How does one differentiate between person "A" and person "B" using
YOUR criteria?
Define "partnership".
What does "partner" bring to the business? Money? Talent? Time?
What does a partner do?
Why would someone be interested in partnering with you?
You have to sell yourself to a potential partner just like you have to
sell yourself to a potential customer. The only difference is that
customers come and go while a partner stays forever, just like in
marriage.
Must live close to elkhart
indiana. @mail me at
You need to take a long, hard look at the above statement and why you
made it. One does not tell a partner what to do, let alone tell them
where to live. Are you sure that you yourself are partnership
material?