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Lambolica
Forums Junkie

Location:
Northwestern Sydney
Registered:
August 2002

Re: Starting your own Company	Thu, 20 May 2004 23:49

Chuck , My problems with client contract are purely from a customer satisfaction point of view. The contract (would) state that the quotes given are subject to the prevaling conditions on site, as a quote is based on a 1/2 hour look at the site (neibouring properties, etc) and no "test pits" or the like will be dug unless I deem required for contract purposes. But by the same token I cannot see what lies 4 inches under the soil. The whole basis of starting the company would be based around saving time, labour, costs. any job I quote on has to meet those 3 critera and a site issue may very well blow out the time or the cost (or both) and that isn't good for me or the client. and for each job and indeed the company to suceed I need to meet those 3 criteria as often as possible to even have a chance at return business (1st year plan basis) from there I should retain some base contracts for the second year and concentrate on satisfying those till the 3rd year where (if costs planning is accurate) I'll own the equiptment out right and I can Judge at that point the equiptment that needs Upgrading/replacing or new items that become available to move into some of the other areas. At this point the old equiptment may be retired and new machinery purchase the older equiptment will be my backup gear and will be available for hire to contractors and I'll be running the new equipt. The first thing I did was work out cash flow and my exit strategies, I'll have no overheads (except equipt. which is quite liquid) for the first 3 years, and by then I'll own the original equiptment. and I'll be ahead.the critical area is the first 6 months if I can survive through that the losses are significantly less as time moves on. This is all part of my plan to go into the line of work that I want to do and in 10 years (or there abouts) the whole company aim will shift but by then I'll have done enough work to gain the relevent experience and I'll have my little landscape architecture firm I've dreamed of with 3 supporting jobs to fall back on and the knowledge to run every aspect and manage with confidence. M.J.H - that is the most appealing direction at the moment based on the currnet situation. Thanks guys it's good to get input from people in a general sort of way to reinforce my ideas. Cheers [Report message to a moderator]

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