I have talked to Mahindra and have the dealer package info. Talked with Mahindra dealer here in Canada for his experience with Mahindra. Continue to develop my business plan for the mix of products suitable for the area here. However I am aware some of the posters on this site are dealers and/or experienced business people or persons with considerable experience with good and bad dealers. I believe that the combined knowledge base here is not to be undervalued. I search for opinions and idea's to broaden my vision. This is a great website and well worth the time to research and discuss. Appreciate any and all comments. Thanks all.
If I were to start another business I hope to remember to ask how long am I willing/able to invest before seeing any net profits. If borrowing is required then I hope I remember the pain of seeing my "draw" being totally eaten by the annual interest I paid.
If you have a family how much pain are you willing to bring their way?
I am not being negative but I do think most who have never borrowed money, hired employees, dealt with customers tend to the the + signs more so than the - signs. It is also a good way to learn you have a fool for a boss.
If one can live with the - side for the required years to see the + side then go for it. If you can be profitable with interest at 14% go for it. If you can be profitable when forced to change vendors/product lines then go for it.
If business was easy then everyone would be doing it with success. Most over night wonders took 20 years to make happen "overnight". :laughing:
If you still think you can do then go for it.
Read the history of Henry Ford or a thousand others. Well read the first 5-10 years of history of their start up efforts it required. :thumbsup:
I am still in business but the pain and sleepless times are not forgotten. Even in the last 20 years laws and start up issues have become of more concerns.
Raising capital can be very hard today from any source. That is not going to change for a long time if every. Greece is in the news today. Who will it be next year?
Underpricing kills more new businesses than over pricing. The cost to do business will be much higher than most new business owners expect. Often we expect to live forever. If you drop dead in 36 months what is your exit plans. A few million in life insurance is in order in many cases and a valid business expense.
One plus you have going for you is the ability to select a company with a good track record and that is not China based. China based is fine but being non China owned today I see as a small plus. I think they bought a lot of the old IH production lines long ago and moved them to India to get started. Over the years they have impressed me with the way they have innovated their tractor lines.
You can do this if you are willing to pay the price. Most any line backed up with good service and parts department can make a go of it today.
