What does it take to start a Hotrod Shop?

[GregWeld]

The oldest saying in almost any business --

"You want to make a small fortune in the car building business -- start with a large one..."


You can substitute any business for "car building"... the same applies. The number one failure of any small business is the lack of capital to support the business GROWTH... By that I mean - let's say you start out with one car to build - then half way through - some friends of that guy come by and want you to build them a car too... now all of a sudden you have TWO 50K projects... but you don't have the shop space - the tools - the manpower... and you don't have the re$ources to do the 'above'.... so you can't capitalize on your business because you lack the capital. You can't afford to stay small - and you can't afford to expand either... BIG PITFAL. IF you can get lucky enough to get two or three customers willing to commit -- AND you can make that next step - then you have a good chance to succeed. So start now to plan on how you're going to go live - if the opportunity presents itself.