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 - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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