Business question

[cpurvis]

All you need is a calculator to do what I suggested; it's from Econ 101---fixed costs divided by per unit profit.

This is something someone needs to do BEFORE starting a business to get an idea of whether the business is even feasible at all.

 

[bertsmobile1]

I can see where you are coming from it is part of due dilligence .
For me brake even on fixed costs is about $ 20 /day.
However after that everything is a guess.
The Bucket Kohler had 6 hours labour so a nice profit on that but the 2 push mowers I did yesterday were break even.
It is not like a coffee shop where you have a consistent mark up so you know that 145 cups / day is break even and cake is all profit.

 

[MadisyntClay]

Hi there! Starting a business can be both exciting and overwhelming. It's important to take the time to research and plan before making any decisions. Regarding confidence in your skills, it's natural to have some self-doubt when starting a new venture. However, if you've been successfully repairing small engines for three years, that's a good sign. You have the necessary skills to run a small engine repair business. It's a good idea to create a business plan that outlines your goals, strategies, and financial projections. This can help you stay focused and organized as you navigate the process of starting your business. It may also be beneficial to check business related sources, such as wolfoffranchises.com. I hope I helped!

 

[PTmowerMech]

Hi there! Starting a business can be both exciting and overwhelming. It's important to take the time to research and plan before making any decisions.

You'll work twice as much for 1/2 the pay. lol

 

[StarTech]

You'll work twice as much for 1/2 the pay. lol

What you mean half it is more like near nothing at times....Yesterday was a good example worked all day and only made $2. I might get paid later when the repairs are finally.done but work on 4 units and spent several hours looking for part on the net but only sold an oil filter.

 

[tggenamho]

Regarding your dilemma between a storefront or working from home, it really depends on your goals and comfort level. Running things from home might be simpler in terms of overhead costs and flexibility, but a storefront could potentially attract more customers and give your business a visible presence in the community.
As for the mayor's offer to help with city development, it's definitely worth exploring. Sometimes, government initiatives can provide valuable resources and support for small businesses.
Ultimately, trust your instincts and take things one step at a time. You've got this! And hey, if you ever need a break from small engine talk, I've noticed that many people are venturing into high-tech sectors lately, especially in sex tech companies.

 

[PTmowerMech]

Regarding your dilemma between a storefront or working from home, it really depends on your goals and comfort level. Running things from home might be simpler in terms of overhead costs and flexibility, but a storefront could potentially attract more customers and give your business a visible presence in the community.

Depending on your area, opening a storefront requires a huge amount of extra work, time and all sorts of extra's. I tried the storefront thing, but I got so bogged down that it was unreal. Not being able find any reliable help was the worst part. Which meant I was constantly backed up. Some customers were having to wait over a month. Getting so much equipment diagnosed, and the parts ordered, that by the time the parts came in (a day to a week later), I'd forgotten what was wrong with it to start with. Keeping notes was the way to go. But a lot of times, you simply didn't have time to jot it all down.

I can't say I made way more money, considering the expenses it required to be in town. Sometimes working until midnight. Finally my back gave out and was in bad shape for a couple months.