[TheForge] grizzly high precision tool room metal lathe

[Andrew Vida]

Have you written a business plan?  Doesn't have to be complicated - but 
it provides a set if objectives, as well as a frame of reference by 
which one can measure results.

terry l. ridder wrote:
> hello;
> 
> On Sun, 11 Jan 2009 sos at frii.com wrote:
> 
>> Hi Terry,
>>
>> The thing that caught my eye above is the "conservative 50 percent for
>> expenses..". If that is based on actual costs you've worked out, great. It
>> sounds like more of an off the cuff guess. I'd describe 'conservative' as
>> an analysis to see how high costs could go and still have a worthwhile
>> endeavor.
>>
> 
> the 50 percent is the working number i came to after e-mail exchanges
> with people who have in the past run the log recovery businesses and
> with those who purchase the sunken old growth logs.
> 
> the main issue nearly everyone of them had was debt load. they did not
> pay attention to their debt load and the cost of servicing that debt.
> 
> nearly none of them set aside a percentage of the income as a 'rainy day
> fund'. several of the people i have talked with used divers to find the
> logs and noose them with bouyancy lifting devices. their insurance costs
> were staggering. a few where just in it for what they thought would be
> quick hit-n-run profits. that was clearly not the case. this was not
> finding a sunken spanish galleon in shallow water and raising tens of
> millions in gold and precious gems.
> 
> the 50 percent comes out of the guidelines that i have so far come up
> with.
> 
> 0. never underestimate the weather.
> 1. never lose respect for the great lakes and the oceans.
> 2. do not push the ship and crew just to make another dollar or two.
> 3. do not risk anyones health or their safety just to make yet another
> usd or two.
> 
>> Steve
>>
>>
> 

-- 

     -Andy Vida

	Proof Technologies Inc.
	IV&V
	Project and Program Management
	(304) 466-0789
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