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Old 01 July 2015, 13:54   #11
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Hi chaps, as you can imagine over the last few days I have been everyones favourite tradesmen with the heatwave. Thanks for everyones input I've had a great read and its amazing how much time you guys put into sending a response especially to a newbie like me with some OTT idea haha.

jonp - Is it really that great it oz ? Ive always liked the idea of moving away but Ive heard some horror stories from 2 lads in the trade who left with the grass is greener attitude but they just couldn't settle and found the work very different ? At the moment the wether is phenomenal 36deg

beamishken - I wish I could take a month off but I've trapped myself in a corner with my service contracts I'm pretty much tied into maximum 48hr response times so Im stuck good and proper..

boristhebold - Funny you should mention 250kts one of his posts was actually what lead me onto rib net, I have already sent him an email but with no response so maybe a PM on here might be worth a shot, thanks for the heads up

John Kennett - Hi John, I never expected the top man of rib net would turn up with some advice!

The idea of running the business really appeals to me, from being my own boss going back to working for somebody else is really unattractive the immense satisfaction I have gotten from building a business has been unmatched but the potential of running a marine based business where I could crew a boat would be a huge bonus!

And in the respect of the money Ive got no idea what else id do with it apart from tying it up in property its just sitting there as a cushion, I know I'm very lucky in this situation but I really feel I should be doing something I want.

jonp - haha yarmouth! I wish there was a water taxi about in 2010 when the skipper of our boat failed to hold the tender properly resulting in me taking a dip in the harbour fully clothed Defiantly maybe worth a look as another venture along side the seafari business, But I really feel I would need a business that I could expand and grow poring my heart and soul into it, water taxis are a necessity and not one I could really grow. Thanks for the reply it defiantly gave me another angle to look at.

Poly - Originally when the thoughts of a business like this spung into my head I wrote it off as a pipe dream and something i was using as an escape while having bad days but more and more I am justifying the idea, I am the biggest critique of myself in this respect.

When I started my current business I started with zero customer base, no reputation, and nothing that made me special on face value, I refused to compete on price instead offering a honest and transparent service treating my customers with the highest levels of customer service and advising the I am not the chepest but I will do a job the levels of quality they expect and I will be reimbursed a fair fee. Also pumping a huge amount of time into face to face marketing and promotion. So far this has worked out very well I have accrued a good amount of business and repeat customers, and I believe I could make an impact in this market with the same attitude, The pun did give me a chuckle

If your interested in starting a A/C business Ive got a nice sportline transporter full of all the tools you need that may be up for sale soon ? A few engineers I know have followed your training path and are doing alright for themselves

Thanks again for all the responses gents, The fact nobody has cut my idea to shreds and written me off is very positive, instead you all have provided great advice and has given more to think about, if you have anymore good or bad comments please fire away

Simon
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Old 01 July 2015, 15:03   #12
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You only have one life...don't regret it. Do it.
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Old 01 July 2015, 17:45   #13
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You're in a great position and like the last post said:

'you only get one life so do it'

but you also need to give yourself the best chance possible of making it work. For me there's one golden rule - do your research - and do it thoroughly so you know everything about the sector/market etc. I know that's what you are starting to do by asking on this forum but just with any business whether you already have money in the bank or need investment, research and a very detailed business plan is absolutely essential.

An old boss said to me once pick your winners and that's so true. Not all businesses can be successful however hard you work at them - the key is finding that out before you start.

I've run my own successful business for the past 5 years but worked in that sector and related sectors for 15 years. All businesses are different and require different approaches etc. Just because you've made a success out of one business its no guarantee that the next one will be too.


Personally my advice would be:

1. Get to know the market really, really well (great advice from John Kennett - work for someone else and earn while you learn.)

2. Put together a thorough / detailed business plan based on solid knowledge of the sector.

3. only do it if it's stacks up on paper. At the end of it all you need to make a living and hopefully a good one!!

If I was you I would get myself down to a different area to where you want to set up your business, get a job in the same/related sector and enjoy yourself for a year. You'll learn so much, all if which will be invaluable to your future business venture.
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Old 01 July 2015, 18:05   #14
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Thanks for that Chris, I think you've pretty much summed up the whole post into one reply and it really rings true with me.

As you say the best option is to run it all on paper then get some experience before jumping in at the deep end and falling flat on my face.

A previous mentor also said to me failing to plan is planning to fail, maybe its time to listen for once in my life instead of just doing what I feel like..

Time for bed now, the brummys are still going to need air con in the morning ill keep dreaming!

Thanks again mate
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Old 01 July 2015, 18:17   #15
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Not just the Brummys mate - be got 2 moaning children saying they are too hot to sleep
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