Why dont some people want to try to do well?

TURBOTAXI · 05-11-2005, 04:15 PM

I dont get it. I have a little shop, I have offered numerous people the opportunity to be a business partner with me and have the potential to earn as much money as they want. Many people who I have spoken to would rather remain unemployed that take this up

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I have offered to put the first lot of stock on the shelf, provide the shop, and be the one financing the start up. In return all I want is 50% of net profit up to a maximum of $200 per week. So if the net profit for a week is $1500 I take $200 - the partner takes $1300, if the net profit is only 300 its 150 each. Point is I wont take more than $200 per week.
The shop is on a busy road and has DA approval for retail and some food trading. It is on almost 1 acre of land with a wide shoulder for trucks. There is A/C, Kitchen, toilet, shower, dining area. Part of the proposal is for an accommodation unit to be on site too - that would just become another income stream. I have even offered people subsidised rent in a decent house nearby.
Can someone tell me what is wrong with this proposal??? Am I alone in thinking that this is gold??? Are people just less willing to work than I first thought?

sleep:

Citric GT · 05-11-2005, 04:59 PM

Sounds almost too good to be true...Whats the catch?

XR8GRL · 05-11-2005, 05:02 PM

Sometimes it's not about people wanting to remain unemployed, less willing to work or being lazy. People are probably scared of the risk of going bust? or maybe the people you asked are just simply not interested? or just maybe your offer isn't as good as you make it out to be? :nutsycuck

Sourbastard · 05-11-2005, 05:06 PM

Quote:

Originally Posted by TURBOTAXI

I dont get it. I have a little shop, I have offered numerous people the opportunity to be a business partner with me and have the potential to earn as much money as they want. Many people who I have spoken to would rather remain unemployed that take this up

:
I have offered to put the first lot of stock on the shelf, provide the shop, and be the one financing the start up. In return all I want is 50% of net profit up to a maximum of $200 per week. So if the net profit for a week is $1500 I take $200 - the partner takes $1300, if the net profit is only 300 its 150 each. Point is I wont take more than $200 per week.
The shop is on a busy road and has DA approval for retail and some food trading. It is on almost 1 acre of land with a wide shoulder for trucks. There is A/C, Kitchen, toilet, shower, dining area. Part of the proposal is for an accommodation unit to be on site too - that would just become another income stream. I have even offered people subsidised rent in a decent house nearby.
Can someone tell me what is wrong with this proposal??? Am I alone in thinking that this is gold??? Are people just less willing to work than I first thought?

sleep:

I think it comes down to personal choice. Not everyone wants to build car bombs for a living.

jabba · 05-11-2005, 05:40 PM

Quote:

Originally Posted by sourbastard

I think it comes down to personal choice. Not everyone wants to build car bombs for a living.

Holy cow, and I thought I was offensive.

Got to give to you tho, It was good.....

Sourbastard · 05-11-2005, 06:06 PM

Quote:

Originally Posted by jabba

Holy cow, and I thought I was offensive.

Got to give to you tho, It was good.....

im not offensive. Im quirky and humorous. Now laugh or you're next :P

AuFairlaneV8 · 05-11-2005, 06:14 PM

Wat sort of buisness are you looking to run?

why are u limiting yourself to max $200 a week?

wulos · 05-11-2005, 07:51 PM

Need to remember that a LOT of communities in Central West NSW are struggling. You would obviously be well aware of this. As a result of the fact that many people are barely managing to tread water, they would be very reluctant to part with any money that they have on what they would view as a somewhat risky venture.
They may percieve that the rest of the locals in the area do not have the ready funds to spare to service a shop such as the one you intend running, or that there would be insufficient customers that would be in the market for the products the shop would sell. Maybe they are just happy with their lot in life - better the devil you know then the one you don't.(A regular paycheque of $400 take home a week, or the possibility of only $150 a week, perhaps $1500 the next.)
They may also be a little put off by the new proposed workplace legislation. There's as many reasons against going into a partnership as there are for it.

ps - This topic is not really about cars - should be in the Bar not the pub...

Casper · 05-11-2005, 07:57 PM

Quote:

Originally Posted by wulos

ps - This topic is not really about cars - should be in the Bar not the pub...

Is in the bar now....

wulos · 05-11-2005, 07:59 PM

Quote:

Originally Posted by Casper

Is in the bar now....

Thanx Casper

Blue Oval Mopar Man · 05-11-2005, 08:11 PM

Im thinking that running a truck stop in the far west of NSW , is probly a fair chance of making some money , but a hell of a lot of long hours for your dollar !

TURBOTAXI · 05-11-2005, 08:27 PM

Quote:

Originally Posted by wulos

Need to remember that a LOT of communities in Central West NSW are struggling. You would obviously be well aware of this. As a result of the fact that many people are barely managing to tread water, they would be very reluctant to part with any money that they have on what they would view as a somewhat risky venture.
They may percieve that the rest of the locals in the area do not have the ready funds to spare to service a shop such as the one you intend running, or that there would be insufficient customers that would be in the market for the products the shop would sell. Maybe they are just happy with their lot in life - better the devil you know then the one you don't.(A regular paycheque of $400 take home a week, or the possibility of only $150 a week, perhaps $1500 the next.)
They may also be a little put off by the new proposed workplace legislation. There's as many reasons against going into a partnership as there are for it.

ps - This topic is not really about cars - should be in the Bar not the pub...

Thanks for moving it Casper, I realised it was probably in the wrong spot when I looked at other threads in Pub.

They were to be business partners - part owner of the good will. Not an employee. ATM there is not much retail product available in the town.

I dont know if there is any catch. I provide the venue and the partner provides the hours. This is why I am limited to $200 per week, I am not there everyday working the business.

The business could be many things, but ATM a shop selling some take away and doing some grocery retail would do pretty well. As I said there is also the accommodation dimension to it. Given there is 3800 square meters of land (near to an acre) there is scope to do plenty of things. They could even get a licence to sell vehicles and do secondhand machinery and vehicles. There is a large flow of traffic past the property and this will only increase.

There was mention of risk. What risk for the partner? I own the property outright, there are accessing a vehicle to make money for nil entry fee. I guess I am thinking back ten years when I was 18, I would have thought I was blessed if someone has asked me to become a partner in business.

I would have thought this was a golden "leg up" for someone with no money and no assetts to be able to make money.

Maybe It is too good and people think it is flawed? I just dont understand.

XLS99 Ute man · 05-11-2005, 08:34 PM

where abouts is it?

TURBOTAXI · 05-11-2005, 08:35 PM

Quote:

Originally Posted by Blue Oval Mopar Man

Im thinking that running a truck stop in the far west of NSW , is probly a fair chance of making some money , but a hell of a lot of long hours for your dollar !

For sure. It would be one of those reap what you sow deals.
It would probably be 10am to 8pm to catch the bulk of your business, I was offering the house next door for rent so its not like you would be far from home. But I was also happy to offer houses further away if they didnt want to live near their business. I opened it one day when there was an event in town. I had to turn people away because of my limited menu, but I still turned over nearly $1000 in less than 24 Hours. There would be great potential once people were aware of the business hours. There is nothing open within 40k's after 5pm. No milk, no bread, no nothing. (except beer)
The shop is opposite the pub. There is the business of people leaving the pub wanting a feed.

TURBOTAXI · 05-11-2005, 08:37 PM

Quote:

Originally Posted by XLS99 Ute man

where abouts is it?

Mendooran

about 75 k's to Dubbo and about the same to Coonabarabran.

1 Hour and 20mins from Mudgee.

1/2 hour from Gilgandra

40k's from Dunedoo

TURBOTAXI · 05-11-2005, 08:38 PM

Quote:

Originally Posted by sourbastard

car bombs .

You posted two magic words. ASIO will be watching you!

Casper · 05-11-2005, 08:42 PM

Quote:

Originally Posted by TURBOTAXI

You posted two magic words. ASIO will be watching you!

Pffft, they have been watching him for years, like he cares.

RED_EL_XR8 · 05-11-2005, 08:47 PM

Partnerships! Just don't do it!Without going into the actual deal It will be almost impossible to find someone with similar business, ethics, work ethic, situation etc. Look at the statistic and the failure rate will be higher than Everest.

Even people that work like Trojans now and share your common interest can be quite different when they pick up the socialite girlfriend or negotiate the nasty divorce. And just one other piece of advice
Partnerships! Just don't ever do it with friends! Never Ever!

And lets just say I've been stupid enough not to follow my own advice.! Maybe repackage your idea and see if that gets any takers.

phoon · 05-11-2005, 09:04 PM

Quote:

Originally Posted by RED_EL_XR8

Partnerships! Just don't do it!Without going into the actual deal It we be almost impossible to find someone with similar business, ethics, work ethic, situation etc. Look at the statistic and the failure rate will be higher than Everest.

Even people that work like Trojans now and share your common interest can be quite different when they pick up the socialite girlfriend or negotiate the nasty divorce. And just one other piece of advice
Partnerships! Just don't ever do it with friends! Never Ever!

And lets just say I'm been stupid enough not to follow my own advice.! Maybe repackage your idea and see if that gets any takers.

Words of wisdom Red EL XR8. Purely and simply, words of wisdom.

MO · 05-11-2005, 09:18 PM

Talk about a hot potato....there is obivousley a lot more to this than what has been said here.

PPL these days are'nt prepared to take the risk they might have 10 yrs ago...especially with all the IR stuff thats going down now...nobody really knows where they stand.

Turbo it maybe that you will have to spell out in explicit detail what they stand to lose/gain with this deal either that or get it up and running as a viable concern yourself then lease it out.

The point here is if the books show profit is consistent and growing there is more chance of a couple taking it on....I think we all know truck stops are a licence to print money...but first you've got to get the trade...which means great food,good service and facilities.

Given the location an idea might be to have reasonable cost accomodation for the truckies...not all of them like to sleep in the truck.

The idea has potential you just have to prove it to sell it.

RED_EL_XR8 · 05-11-2005, 09:25 PM

Now John I know the boys back at trades hall want you to whip the megaphone and wave the southern cross any chance you get, but how exactly does the proposed IR legislation effect a potential partnership?

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TURBOTAXI · 05-11-2005, 09:33 PM

Thanks for the help and advice.
I am on a good wicket with my employment and would be hard pressed to justify giving that up so establishing a business first is not an option.
I have been thinking about using e-bay as a medium for adverstising.
I could always just sell it, but I dont believe in selling property at this stage.
I guess I need to keep thinking about what to do and how to do it.

MO · 05-11-2005, 09:35 PM

Red I said it all...With nobody knows where they stand...and you backed it up with...partnership is not good.

At the this time the IR scene is in a state of flux,what is coming in,how does it affect the business,the worker....the legislation as proposed is hundreds of pages and the ruling party wanted it go through in a day!!!!!

Luckily the opposition and a Nat have succeeded in it being debated for at least 3wks.

As I said in another thread if this legislation is a pox on the workers of OZ then we can vote the ruling party out next election or sooner if enough noise is made..and go back to the fair system.

Sourbastard · 05-11-2005, 09:40 PM

Quote:

Originally Posted by Casper

Pffft, they have been watching him for years, like he cares.

That wasnt ASIO, that was the Federal Police and the Drug Squad. If ASIO want to join in my street is going to get very crowded.

RED_EL_XR8 · 05-11-2005, 09:44 PM

Quote:

Originally Posted by John McMaster

Red I said it all...With nobody knows where they stand...and you backed it up with...partnership is not good.

At the this time the IR scene is in a state of flux,what is coming in,how does it affect the business,the worker....the legislation as proposed is hundreds of pages and the ruling party wanted it go through in a day!!!!!

Luckily the opposition and a Nat have succeeded in it being debated for at least 3wks.

As I said in another thread if this legislation is a pox on the workers of OZ then we can vote the ruling party out next election or sooner if enough noise is made..and go back to the fair system.

Was that the fair system with the 19% inflation and the record unemployment. I think its best the politics is left out of at least a few threads dont you?

EBII Fairmont · 05-11-2005, 09:45 PM

Quote:

Originally Posted by TURBOTAXI

Thanks for the help and advice.
I am on a good wicket with my employment and would be hard pressed to justify giving that up so establishing a business first is not an option.
I have been thinking about using e-bay as a medium for adverstising.
I could always just sell it, but I dont believe in selling property at this stage.
I guess I need to keep thinking about what to do and how to do it.

Why not just rent it. Have nothing to do with it and let someone else run their own business in it. Or why don't you start a business on your own? If you are so sure you can make a killing, why let someone else take the profits from you. Run it your way and make good money, and when you come to a stage where you can't be bothered and if you really wanna sell, sell the business with the property and make a killing since it will already be established. Just a few ideas to toy with.

Bill.

MO · 05-11-2005, 09:49 PM

Quote:

Originally Posted by RED_EL_XR8

Was that the fair system with the 19% inflation and the record unemployment. I think its best the politics is left out of at least a few threads dont you?

OK, but don't say I did'nt warn you all...and the 19% is a long time ago.

MO · 05-11-2005, 09:52 PM

Quote:

Originally Posted by sourbastard

That wasnt ASIO, that was the Federal Police and the Drug Squad. If ASIO want to join in my street is going to get very crowded.

How did you miss the ONA living next door?

TURBOTAXI · 05-11-2005, 09:52 PM

Quote:

Originally Posted by EBII Fairmont

Why not just rent it. Have nothing to do with it and let someone else run their own business in it. Or why don't you start a business on your own? If you are so sure you can make a killing, why let someone else take the profits from you. Run it your way and make good money, and when you come to a stage where you can't be bothered and if you really wanna sell, sell the business with the property and make a killing since it will already be established. Just a few ideas to toy with.

Bill.

I have it up for rent at the moment. Commercial lease at a mighty $80 per week.
As I said earlier I cant really give up my employment, The bank really likes me to keep my employment with the government and besides I am paid well for my 35 hour week. I also spend time travelling and fixing houses so I cant really be in a shop.

EBII Fairmont · 05-11-2005, 10:07 PM

Quote:

Originally Posted by TURBOTAXI

I have it up for rent at the moment. Commercial lease at a mighty $80 per week.
As I said earlier I cant really give up my employment, The bank really likes me to keep my employment with the government and besides I am paid well for my 35 hour week. I also spend time travelling and fixing houses so I cant really be in a shop.

Aha, i get your drift now. I would say yes, but the problem is that i live in melbourne. But i wanna get my own business started in more of the fields of importing and exporting as i am bout to finish in three weeks. But fat chance of happening.