Posted by TomTex on January 25, 2008 at 15:37:19 from (12.74.202.76):
In Reply to: New farm store posted by rrlund on January 25, 2008 at 11:32:18:
Wish you great sucess, if you go at it. However, it is never a good idea to plan a business around one individual. You say he is 62. One day he may wake up with a medical problem, or just quit on you. What is your back up plan? Have you hammered out EXACT financial arrangements with him? Don't leave any room for a misunderstanding after you sink the money to open it up. Will he be hourly paid? How about pay for each after hours call? Can you run 2 - 3 years at below break even? That is about what it takes to build a business. A bunch of oldfarts sitting around the stove talking about the good ole days may have little return. Tom
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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