As for businesses be glad you have a university and Hospitals. Many cities in the Mid-West are seeing the same factory lose and do not even have the University or hospital to keep any type of local economy going.
The rules and headaches of running a LEGAL business is why we quit the feed hauling business. After we paid a fair wage to the drivers and met all the government rules/regulations/taxes there was nothing much left. We where slowly eating the equity we had in the equipment. Meaning that the trucks/trailers where aging and we were not able to build funds that would have replaced them. So we where slowly going backwards. Then some additional DOT rules and paperwork requirements just finished it off. We sold three trucks and six trailers. We kept two Semi/grain hoppers. Three full time men and four part time guys lost their jobs.
I talked to the fellow that bought some of our equipment and hired two of the drivers. He grossed double last year what he did three years ago but cleared less. He is looking real hard at getting rid of all hired drivers and just running one truck himself. I have ran the numbers and he will not lose much profit doing that. The last two years we ran the trucks were only clearing about $5K per on a $150K gross. That is not a good enough return on investment to be secure long term.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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