Possible fixed location -- need help!

"Should be" getting more business isn't good enough, you need a concise and effective marketing or business developement plan to cultivate the business necessary to support a fixed location, signs, marketing, and advertising cost money. Insurance isn't cheap either depending on the average value of the car or cars in your possesion at any one time you might end up paying almost 200 a month for insurance, plus utilities, taxes employment, state, federal, sales. Paying and managing employees, schedulng, point of sale software (may not be to bad depending on how you do it). You are obviously a smart guy, if you do enough planning and research I'll bet you can do it. That is a hefty mortage payment though and getting a commercial loan does suck especially for a newer business. If it is your passion, be happy and go for it.
 
Well I'll chime in for a second on the thought process that has seem to develop here. I personally walked away from being a design Engineer for GM to wash and wax cars. It really wasn't even a hard choice for me. I was making great money but I hated getting up and commuting into Detroit everyday. made my life purely miserable. I loved the engineering aspect of it but hated the red tape and buracratic bull**** you had to go through. I was one of the lead desingers on the GMT900 (brand new fullsize truck and SUV line) before that I worked on the corvette and the new body style grand prix. All of them were fun and I was really good at what I did. But I would rather do this and be poor or "just make ends meet" Before I would ever ever consider going back to engineering. I got a call the other day for a job starting out at $56/hr. I simply told them I wasn't interested. This is my passion and unless you have a passion about your work there's just no point in doing it. You only get to go around this world once why not do it with passion rather than drive for money?
 
Jakerooni said:
Well I'll chime in for a second on the thought process that has seem to develop here. I personally walked away from being a design Engineer for GM to wash and wax cars. It really wasn't even a hard choice for me. I was making great money but I hated getting up and commuting into Detroit everyday. made my life purely miserable. I loved the engineering aspect of it but hated the red tape and buracratic bull**** you had to go through. I was one of the lead desingers on the GMT900 (brand new fullsize truck and SUV line) before that I worked on the corvette and the new body style grand prix. All of them were fun and I was really good at what I did. But I would rather do this and be poor or "just make ends meet" Before I would ever ever consider going back to engineering. I got a call the other day for a job starting out at $56/hr. I simply told them I wasn't interested. This is my passion and unless you have a passion about your work there's just no point in doing it. You only get to go around this world once why not do it with passion rather than drive for money?
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My thoughts exactly. I graduated in 2003 with a Microbiology degree (Pre-med) and realized Medicine and Biology were not for me after doing intership at the University of Colorado Health Sciences Center for a cancer research. I then proceeded to try different things to see what I like. Bartended, Served, customer service, Fraud and Compliance for a money transfer company, and landed on a technical position for a construction manufacturer. Everything so far has been boring... I excelled in everything I have done so far and got promoted within months of starting, however the challenge is gone within weeks of starting a new position.



I now have the opportunity to either step up to Management here or, because I'm tri-lingual, they will pay for my IMBA and possible transfer me overseas to one of our offices in Europe or Asia. This 2nd option would interest me but going through another 2 years of school is such a pain.
 
Well, I hate to say it, because I think the world is all messed up, but I think you should knuckle down and get the IMBA. If the pay is going to be what jsatek indicates, you can do that for a few years and have plenty of money to buy a detail shop. Who knows, you could wind up an MBA-CEO and be making 10's of millions.
 
Setec Astronomy said:
Well, I hate to say it, because I think the world is all messed up, but I think you should knuckle down and get the IMBA. If the pay is going to be what jsatek indicates, you can do that for a few years and have plenty of money to buy a detail shop. Who knows, you could wind up an MBA-CEO and be making 10's of millions.
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I don't think I have the patience or the a$$holiness that takes to be a CEO. (Sorry, I've met a lot of crappy ones) I have, however, a good chance to end up in upper management in my company. My parents, of course, want me to get the MBA. My boss keeps asking me if I'm starting next semester... It's kind of a pain.



I'll probably end up doing the MBA, I just think it's not the right time. Seems like I'm rushing it.
 
People get MBA's in their 40's, I wouldn't jump into it.



I'm the worst student, I couldnt complete the curriculum. Luckily I can sell, otherwise I'd be seriously screwed.



A guy on a trading floor I used to work on got a PhD. On his first day back to work the entire floor of 500+ traders stood up and applauded him as he walked in. Total respect.
 
I've still yet to meet a single person in my life that got rich off of going to college. I'm actually encouraging my kids to find something else to do. To me in my own personal experience college is a waste of time. 99% of people just come out of college with a huge mound of debt that most will never ever pay off. And then what do you get for years of study and tens possibly hundreds of thousands of dollars worth of debt??? A normal 9-5 rat race position and a meaningless existence in corporate America. If your not the owner of the company why bother? You have to pursue your passion. Wealth always follows passion. If that PhD guy was passionate about trading great for him. He pursued his passion and it'll pay off. To me it sounds like you've already made up your mind and have no passion for the biz your in. However you seem to be wanting to save face and make other people happy in your life.... I really hope you don't waste all your time just to make others happy. You have to do it for yourself.
 
Jakerooni said:
I really hope you don't waste all your time just to make others happy.
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Despite being from Brazil I am Japanese by heritage. I'm pretty sure you are familiar with our family pride and everything. If I don't succeed, to their eyes, I'm a failure. If I fail, it reflects on my family. Although, I'm only half Japanese (mom side; parents divorced) and my grandpa is the only one who is hardcore Samurai-style kinda guy. Yeah, so part of my culture is to make others happy or proud.
 
I just made the same move from mobile to a fixed location. and everyone tells me if you made good money mobile why would you change that? Now i have people asking to get workers comp (+1,100 a year) 1 million worth insurance ($1,400 ) then the EPA, mini wage poster ($100) and pay roll ($35 per week) the list goes on (workers too) and on now you wounder when do i get paid everyone else is ? o yeah water, pg &e , products, and other stuff ( advertising). I cant wait to be mobile again it is way easier and under the rader which means more money.
 
A.P.D. said:
I just made the same move from mobile to a fixed location. and everyone tells me if you made good money mobile why would you change that? Now i have people asking to get workers comp (+1,100 a year) 1 million worth insurance ($1,400 ) then the EPA, mini wage poster ($100) and pay roll ($35 per week) the list goes on (workers too) and on now you wounder when do i get paid everyone else is ? o yeah water, pg &e , products, and other stuff ( advertising). I cant wait to be mobile again it is way easier and under the rader which means more money.
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I appreciate the feedback man. I found a place that does oil changes and some light mechanical work and they got 2 bays available for detailing. However, the more I think about it, the more I wanna stay mobile. It's just my part time gig anyway and I don't know if I could handle this as my main job.



Thank you all for the help!
 
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