Dad and Granddad ran a business for 50 years. They charged probably the lowest labor rate in town, and made a 20% gross markup on their parts. Sure, they kept the lights on and made something of a living from the business...but after 50 years, it seems I inherited mostly used-up equipment and worn-out tools, and a building that needs major repairs. They may have had a 5-year plan, but they didn't have a 50-year plan.
Grand-dad preferred to work in the shop to running the office, and while Dad tried to keep things profitable, he spent most of his time "assisting" in the shop, or behind the parts counter, or chasing parts and soliciting more business. They'd have been ahead to have charged a little more, and run the office/sales end of things...and to have hired some trustworthy mechanics [as they did in the '50's, when the business was booming] and let them do the "dirty work."
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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