Reply to: My Latest Plan B idea - Equipment Hire

[cojak]

This list has worked for me in the past

Anything that will make you think before you blow money is good in my book.

[MarillionFan]

Which is why you need a business plan – you can think about it without having to put the cash up first.

• What do you want to sell?
• Why do you want to sell it (is there a market for it)?
• How do you want to sell it?
• What equipment do you need for startup? For growth?
• What legal issues do you need to consider?
• How are you going to pay for startup?
• How long will startup take?
• What is the forecast for when profit is greater than costs?
• How are you going to promote your business?
• How are you going to convert promotion into sales?
• What profit indicates success?
• What does success look like – and what next steps are you going to take if you see it?
• What loss indicates failure?
• What does failure look like – and when/how are you going to stop if you see it?

(PS. I know that you know this BB, the list is for newbies...)

Classic. Copying and pasting that list called 'business plan' & trying to keep a straight face that it's actually a useful list for someone looking to start a business is either a massive windup or you have no idea how to define a business plan.

[cojak]

Which is why you need a business plan – you can think about it without having to put the cash up first.

• What do you want to sell?
• Why do you want to sell it (is there a market for it)?
• How do you want to sell it?
• What equipment do you need for startup? For growth?
• What legal issues do you need to consider?
• How are you going to pay for startup?
• How long will startup take?
• What is the forecast for when profit is greater than costs?
• How are you going to promote your business?
• How are you going to convert promotion into sales?
• What profit indicates success?
• What does success look like – and what next steps are you going to take if you see it?
• What loss indicates failure?
• What does failure look like – and when/how are you going to stop if you see it?

(PS. I know that you know this BB, the list is for newbies...)

[BlasterBates]

Better still just advertise as if you were already in business and if you get a big response go out and buy the stuff there and then, if that's not possible just tell them sorry it's already hired out.

What I wouldn't do is go out and buy whole lot of "equipment" that clutters up the house, and no-one wants to hire, which is probably the most likely outcome.

[cojak]

Well if the capital outlay isn't large I say write out a business plan and give it a go.

[rd409]

LOL, there is a new one for you there right now. Translate and condense please.



Brilliant plan but a slight flaw
rd409 = £10 (but quality) ... NLUK = free (but talks bollox)

You must spread some Reputation around before giving it to northernladuk again.

Sorry NLUK, but will try again.

[northernladuk]

Looking at the posts on CUK from newbies, I was thinking of translating their posts into something that makes sense to the rest of the guys as my Plan B.

LOL, there is a new one for you there right now. Translate and condense please.

If I charge say a tenner a post, how long before I can quit my daily routine and take over NLUK full time on this board?

Brilliant plan but a slight flaw
rd409 = £10 (but quality) ... NLUK = free (but talks bollox)

[rd409]

Looking at the posts on CUK from newbies, I was thinking of translating their posts into something that makes sense to the rest of the guys as my Plan B.

If I charge say a tenner a post, how long before I can quit my daily routine and take over NLUK full time on this board?

[BolshieBastard]

Go ahead, make my day!

[scooby]

How much are the insurances that are required??

[MarillionFan]

Does it matter that much? It's something that is relatively easy to transport and setup and doesn't cost that much (£500ish) and can be hired for about £150/time.

Well yes of course it does. As Northenlad says. It may well be an item thats quite common and you were incapable of finding / or per your second point parents don't want them but you do. And to that point, no parents won't pay anything.

[tractor]

....

Smart Alic. Anyway it's not quite bouncy castles but something similar but less agro. Basically I am thinking that parents will pay anything when it comes to kids - so the easiest way to make money....

Kid Clamping and towing away lmao. Parents might pay you to clamp them but I'm not sure about them actually wanting to release them, let alone pay a fee!!

[psychocandy]

Smart Alic. Anyway it's not quite bouncy castles but something similar but less agro. Basically I am thinking that parents will pay anything when it comes to kids - so the easiest way to make money....

Go on - tell us!

[northernladuk]

Smart Alic. Anyway it's not quite bouncy castles but something similar but less agro. Basically I am thinking that parents will pay anything when it comes to kids - so the easiest way to make money....

Indeed but I am a pesimist here. If it is that easy everyone will be doing it. Love to be proved wrong and it works for you but it's not for me. I am busy designing a set of plastic luggage for kids that look cute and they can be pulled along on when they don't want to walk........

[NorthWestPerm2Contr]

I thought every man and his dog had tried bouncy castles until H&S ruined it.

A friend of mine had one for hire and had to skip it because it had the inflatable bars running across as you look in. H&S said no as kids can't be seen so the 'bars' had to run front to back. He got a regulation one and then some kid fell off and hurt themselves. He got caught up in a wrangle over responsibility, was it the parents responsibility or his. As it was all done cash in hand he was up against the wall. Nothing more then a bruise and it got dropped but scared him so much he gave up totally.

Not all quick schemes are good ones IMO.

If something is as easy as you say I am sure many people will have tried it. Mainly poor people though, I wouldn't waste my evening or weekend for £150 a time.

Smart Alic. Anyway it's not quite bouncy castles but something similar but less agro. Basically I am thinking that parents will pay anything when it comes to kids - so the easiest way to make money....