Posted by kyhayman on January 22, 2011 at 22:41:44 from (75.105.0.38):
In Reply to: Discing Business posted by LJS30 on January 22, 2011 at 21:51:54:
As someone who has done custom work since my sophomore year of highschool, which was longer ago than I care to admit here's the answers to the questions you didnt ask.
Focus on a local niche that works in your area. Here I'd not make minimum wage trying to disc. You just cant charge enough for garden and small plot work. For bigger jobs you would be better off working for wages. As to mowing, I've done very well over the years. Five and ten acre farmettes, lots slated for development, highway and utility right of ways. I'd try to bid enough governement work to cash flow and then take the other jobs as they come. There are some costs up front, insurance for one. A lot of people say incorporate but my attorney's advice was if they are going to sue they will sue the operator and manager as well. Better to insure yourself well up front. My farm owners policy covers custom work at 500K in the regular premium, an extra 4M was under 1000 a year with an inland marine rider that I needed for some of the commercial work. Governement work takes a bond or letter of credit but since none of my bids are over 10K I can cover my own bond. Getting paid is the worst part. It seems that today no one has any money. While I only have two accounts really past due almost everyone is asking for short term paper. Even the city has lengthened the payment terms from 30 days to 45.
Trailer-wise get the size you think you will need. It really doesnt matter what or where, let price be your guide. I'd definitely want a 5th wheel. Check local laws as to what kind of plates you need on your truck and trailer. I stay in state, within 150 miles from home. Here non commercial trailers dont have to be titled or licensed and my truck plate is good to 38,000 pounds. Since sometimes my trailer is over 10,000 pounds I have to have a DOT medical card but am farm exempt on a CDL though I've had one for years anyhow.
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