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Old 02-11-2016, 01:19 PM
xelasnave's Avatar
xelasnave
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xelasnave is offline
 
Join Date: Mar 2005
Location: Tabulam
Posts: 17,003
Hey Brent I wish you all the best.
Do a spread sheet showing bad reasonable and good sales projections.
This can suggest if it is a hobby or a business.
I have done many projections and often one finds you can get a better return from bank interest and an unskilled job.
Many of the small businesses you see are slowly going broke eating away their home equity until they silently disappear when the bank says sell up.
I did a projection for a fire wood business for two friends.
It told me they had to cut wood all summer and sell and deliver one load each hour of each working day during the winter selling period all to make $650 a week each pre tax...and that was if everything went perfect, no sick days, no break downs sales every hour.
It turned what seemed like an easy quid into something you would only do if there was nothing else.
Think of the unit profit and how many you can physically process.
I don't want to put you off and you probably have thought it through but maybe you have not thought about the reality of business many don't, and think a good idea is all you need.
Good luck and best wishes
Alex

Last edited by xelasnave; 02-11-2016 at 01:32 PM.
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