OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
- 1,880
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Interesting conversation earlier today with a guy who repairs cars. He had "factory training" on two major brands while working previously for dealers.
He built his own shop and equipped it amazingly well - doing it all out of income. No loans.
Dave does good work and has built a good customer base. In fact, he has too much work! When he built the shop he did it with three work stations, intending to hire a couple of technicians.
The "too much work" situation had him ready to hire. A local high school has a good voc-ed program and turns out about 20 well trained technicians each year. Good staffing available and plenty of business.
So he sat down with his accountant.
Learned about the various taxes and insurance requrements (not medical - too small a business to worry), licenses required, generating and filing city, state and government reports.
He found a creative way to deal with it!
He doubled his shop prices and thereby reduced the workload without losing any income! But nobody got a job. The unused work stations? Since he now knew he had no use for them he rented them out for RV storage.
The 20 grad technicians? They're all working mostly at dealerships. About 5 close to home; the rest commuting to the closest "big" city - 45 miles and about an hour (traffic) away.
So, in a perverse sort of way, I guess you cold call it win-win.
So his business plan is complacency?