Business plan/budget...

[Ty Korrigan]

Hello,

I want to fire this past you all and receive with open arms your feed back and suggestions for good or bad.

I am in a business partnership with a an old and trusted friend.

We are due to commit to our already successful enterprise an injection of capital in excess of £40k+

We have all the saws, lightweight rigging, stumpy, wee chipper and 2 trailers, one a tipper and 2 vans.

If you had £40k+ to invest to grow the business, what would you do?

Take this thread and blow it wide open.

Thanks in advance:001_smile:

Ty

[skyhuck]

I've always had a need and then bought equipment to fill that need, I can't really imagine doing it the other way round personally.

 

What parts of your business are most labour intensive and could a machine reduce the time taken???

[Gareth Dalzell]

Hello,

I want to fire this past you all and receive with open arms your feed back and suggestions for good or bad.

I am in a business partnership with a an old and trusted friend.

We are due to commit to our already successful enterprise an injection of capital in excess of £40k+

We have all the saws, lightweight rigging, stumpy, wee chipper and 2 trailers, one a tipper and 2 vans.

If you had £40k+ to invest to grow the business, what would you do?

Take this thread and blow it wide open.

Thanks in advance:001_smile:

Ty

 

I'd go first to the solicitors and formalise the legalities of the partnership. From there on it depends on how the business is going and where you want to take it.

It's to grow the business big time, you,ll need to promote yourselves more than just word of mouth. Strong web preence works in our sector and area.

I,m very nosey by nature so I observe my competitors. It,s all very well doing your own thing but in reality the most successful businesses aren,t necessary original but just do it better.

There,s a few for starters:001_smile:

[Rob D]

Your title says it all - what's your business plan? To become a larger tree firm? What jobs are you looking to go for after this expansion?

 

 

I have learnt the hard way - identify your market first - then invest in the equipment to meet that demand.

 

 

Personally I would never have a business partner. It may last 5 years, 10 years or even 20 but like a marriage it goes sour more often than happily ever after. But that's just me!

[Littletree]

Hi there I would recommend holding on to your money until you need it .

As and when you need to buy things then use it . If you need a machine that would make a job more profitable and so on or if you could do with more tools

That way you have a buffer zone and have not spent it all at once and it gives you time to look at what you really need if you need anything at all .

 

All the best littletree:thumbup:

[Old Mill Tree Care]

I would use that money to buy your partner out, if I was in your position.

[Old Mill Tree Care]

I would use that money to buy your partner out, if I was in your position.

 

On second thoughts, buy a Unimog

[butler]

Have a wee drink

[renewablejohn]

If you have 40k I would go for a grant which will add another 40% to the kitty. The discipline of applying for the grant and producing detailed business plans to support the grant application will focus the mind on what you really want to do. As for partners I could not work that way its difficult enough with the trouble and strife.

[Forest2Furniture]

Use the money to buy the partner out. Partnerships are a bad idea unless you're sleeping with them and then you have to be careful!