One of my friends offering me to get in construction business.
We invest 250K in equipment ($125K me, $125K him)
And start working. It's construction jobs based mainly on 1 major machine, our team will have 5 workers with most skillful working on that machine.
All the jobs will be given to us by his old friend who is in that business for 15+ years for 10% commission.
He showed me the contracts his friend is giving to other people he is working with - and that's big numbers - 200K-$600K jobs (of course there are big costs for supplies, workers, etc. but still)
I know nothing about construction, he knows something(and very hardworking guy), and i am trying to understand what value are we contributing? What's our competitive edge and how big it is?
As far as i see the situation our edge is the connection with this old friend.
Also i have access for relatively cheap skillful workers who just come to USA from our native country, their English is not best - but they are knowledgeable, experienced and hardworking.
So if this old friend lasts in the business and we gather good team, that $125K can be good investment.
If something does not work out, we always can sell the inventory for 60-70% of cost (we are buying used)
So i have the feeling that the risk/reward ratio is good on that deal. But would like your advice.
p.s. lots of people say that construction is not fastlane, but it can be relatively passive income in that situation.
We invest 250K in equipment ($125K me, $125K him)
And start working. It's construction jobs based mainly on 1 major machine, our team will have 5 workers with most skillful working on that machine.
All the jobs will be given to us by his old friend who is in that business for 15+ years for 10% commission.
He showed me the contracts his friend is giving to other people he is working with - and that's big numbers - 200K-$600K jobs (of course there are big costs for supplies, workers, etc. but still)
I know nothing about construction, he knows something(and very hardworking guy), and i am trying to understand what value are we contributing? What's our competitive edge and how big it is?
As far as i see the situation our edge is the connection with this old friend.
Also i have access for relatively cheap skillful workers who just come to USA from our native country, their English is not best - but they are knowledgeable, experienced and hardworking.
So if this old friend lasts in the business and we gather good team, that $125K can be good investment.
If something does not work out, we always can sell the inventory for 60-70% of cost (we are buying used)
So i have the feeling that the risk/reward ratio is good on that deal. But would like your advice.
p.s. lots of people say that construction is not fastlane, but it can be relatively passive income in that situation.
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