- Jun 18, 2016
Do a really massive project or a couple of massive projects and only hire contractors.
Have the payment terms set up where you get maybe 25% at the beginning, 50% when you’re a quarter of the way through, 25% halfway through, then the final 25% on project completion. Something like that. A big chunk of that should be profit anyway.
This would work in any kind of construction related industry, or where you’re supplying a product in bulk and need to move a lot of it. Let’s say you need barges delivering product - that’s going to cost a lot. But you structure the payments this way and make it happen! You can even include renting the barges in your costs. If you can buy it, rent it, etc, you can use it in your business and include it in a quote / bid / proposal!
You don’t necessarily need to have all the money in the bank before you embark on such an endeavor.
Truth is, the hardest and most complicated businesses make the most money - like the ones I’m describing.
This isn’t a gift shop or retail store! We are thinking bigger.
Nice...like Land-development or Game Programming or Phone Apps ?