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 - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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