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Lambolica
Forums Junkie

Location:
Northwestern Sydney
Registered:
August 2002

Re: Starting your own Company	Mon, 28 June 2004 04:25

I'm still looking into the varying possibilities and have a business plan for each area. (keeping in mind that I have several different areas of the industry I can branch into immediatly or in the future) It would be stupid of me to try and cover all 4 possible areas that I'm looking at as I would be speading myself thin on the ground to do it but starting in a general sort of way and seeing which path the company gets pulled down if I reach the goals I've set I'll look at branching out at a later stage. I'm currently looking at the numbers a little closer and keeping in mind growing costs in fuel and servicing to work out the minimum amout of work that has to be done just to cover overheads in the short term. The real problem area at the moment is the first 12 months (in terms of business survival) and within that the fist 4-8 months in terms of financial survival. If the company is viable (ie profitable) in this period and it fails shortly thereafter the losses financially will be minimal and rather pain less. and in reality all told the worst I can lose out is to the tune ot about 10-15k at worst as the equipment is a rather liquid asset if resonably new. and for the opportunity to own a business I can accept that. The problem that faces me at the moment is the logistics side of things which the deeper I look the more problems jump up in a worst case senario situation. [Report message to a moderator]

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