Posted by TomTex on January 25, 2008 at 15:37:19 from (12.74.202.76):
In Reply to: New farm store posted by rrlund on January 25, 2008 at 11:32:18:
Wish you great sucess, if you go at it. However, it is never a good idea to plan a business around one individual. You say he is 62. One day he may wake up with a medical problem, or just quit on you. What is your back up plan? Have you hammered out EXACT financial arrangements with him? Don't leave any room for a misunderstanding after you sink the money to open it up. Will he be hourly paid? How about pay for each after hours call? Can you run 2 - 3 years at below break even? That is about what it takes to build a business. A bunch of oldfarts sitting around the stove talking about the good ole days may have little return. Tom
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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