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Thread: Would 40k get you into business?

  1. #31
    Senior Member hoff135's Avatar
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    Re: Would 40k get you into business?

    Quote Originally Posted by ColinK View Post
    He had thought of wind farms. Any tips on easiest way to get work on the wind farms? Is the work labor only or is there an apportunity to use own tractor and trailer?

    Thanks ColinK
    i honestly have no idea, but as has been pointed out to me already in this thread, these guys will want you to have all your health and safety and digger qualifications before they will take you on with your own digger or tractor (i would have thought anyway)

    There's a chap about 20 miles away from me who started with a tractor and digger, and in the past few years has managed to get work on wind farms and is now in a pretty big way, think he has 5 or 6 360 machines and tractors and dump trailers and probably half a dozen working for him.

    Being in the right place at the right time and its not what you know its who you will probably determine how well you do starting out in contracting for yourself, i also think if your young like your son is, people may give you a chance more so than an older person, certainly its what i have found (im 27 if thats still young lol), but dont rely on it.

    If i was him though i would defineatley be looking to go abroad to work for a few years yet though and see the world, if it wasn't for the farm i would be off like a shot!!

  2. #32
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    Re: Would 40k get you into business?

    Get a 100hp tractor on turf tyres and a trailed set of gang mowers and cut school sports pitches.

  3. #33
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    Re: Would 40k get you into business?

    Avadex seems to be making a comeback. maybe a nice little frazier 2d with an applicator mounted on it. seasonal i know but shouldnt cost megabucks to set up.

  4. #34
    Senior Member Zetor's Avatar
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    Re: Would 40k get you into business?

    I started 12yrs ago with 50k unsecured debt with 2 old excavators, homemade plant trailer and the farm 95hp Zetor dragging them about & 1 employee doing forestry work and drainage, foot and mouth killed the drainage and i couldn't make the forestry work pay paying an employee so i started equestrian (see link below)

    The equestrian work is still coming in despite the economy but the drainage work has doubled after last year, i have a family now and getting in at 6 most night's is worth its weight in gold, something i couldn't do if i were a agri contractor.

  5. #35
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    Re: Would 40k get you into business?

    Thanks for the suggestions.

    He is just back from 4 months work in Essex.

    Unfortunately he is going into hospital next week for a double knee operation (a bit much at 22), so probably even more important to find something that is machinery based (as at this stage we are not sure if he will have any long term knee issues - hopefully not), so I am keen to hear any further suggestions.

    Thanks ColinK
    Last edited by ColinK; 08-12-13 at 10:31 PM.

  6. #36
    Senior Member Cowabunga's Avatar
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    Re: Would 40k get you into business?

    Quote Originally Posted by ColinK View Post
    Thanks for the suggestions.

    My son is just back from 4 months work in Essex.

    Unfortunately he is going into hospital next week for a double knee operation (a bit much at 22), so probably even more important to find something that is machinery based (as at this stage we are not sure if he will have any long term knee issues - hopefully not), so I am keen to hear any further suggestions.

    Thanks ColinK
    I know plenty of people with dodgy knees, including my father as he was a few years ago, and I'm afraid that tractor work was never suitable. Climbing in and out of the cab was bad enough but using the clutch and especially the brakes was never easy and often painful. But each to their own as it were and his knees might be perfectly good by next Spring, which leaves all his options open.

    It sounds like you all want him to have a tractor-based business, which is fair enough if that is where his delight is and what he has set his sights on. He certainly wouldn't make a mechanic with all the bending and kneeling on hard surfaces that involves.
    The Duck 2015

  7. #37
    Senior Member LALANS's Avatar
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    Re: Would 40k get you into business?

    Quote Originally Posted by ColinK View Post
    A bit of an open ended question.

    I have zero farming experience, but I am asking this question for someone who has dyslexia, hence he is not writing he question.

    He has 10 years experience; all types of tractor work (inc carting, slurry and cultivations), dairy, sheep and some combine work.

    With 40k he can obviously buy a tractor and some equipment and do contracting.

    What else could he spend his money on / do to start an agricultural business?

    I am thinking along the lines of some specialist service, that needs specialist equipment.

    I am sure some of you guys could make some funny suggestions - but let's have some serious ones as well.

    thanks ColinK
    Colin
    The elephant in the room here is dyslexia. Many new businesses fail not because they can't do the work/provide a poor service but because the admin/invoicing/VAT/Tax gets on top of them.
    I'd suggest your friend starts of doing relief stock work lambing/calving/milking. Unsocial yes but no capital outlay and relatively simple to invoice out. The unsocial hours can be lucrative.
    Good luck to him there's is a big demand in my neck of the woods for skilled labour such as this to cover holidays or busy periods.

  8. #38
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    Re: Would 40k get you into business?

    maybe buy a tracked fencing machine?
    it would be a niche market and he could do the job on his own, must be work for one of them as they don't make any mess on the ground

  9. #39
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    Re: Would 40k get you into business?

    @cowabunga
    Yes hopefully his knees will be OK next year. He does enjoy tractor work, and has been working with tractors and other machinery in N Ireland, Essex and Australia fairly constantly for the past 18 months and has managed with his knees OK.

    @lalans
    I don't have dyslexia but, like many people, hate paperwork, even though I have done plenty of it. I would organise a simple recording system for him and outsource accounts to a book keeper.

    He has already done quite a lot of manual work with Milking, Pigs and Sheep, but his preference is something machinery related - however Dyslexia will exclude many technical tasks that require lots of reading and writing.

    Ideally he would be looking at some specialist service that requires a specific piece of equipment that many farmers do not have - some have already been suggested eg Fencing, Drainage (happy to further discuss these and others).

  10. #40
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    Re: Would 40k get you into business?

    Given relative simplicity, (certainly compared to spraying, drilling or potato harvesting), in terms of operation and invoicing etc, how about hedge cutting? Older tractor is fine, a decent tractor with new hedger is possible with the budget suggested, and self drive is the way to make it pay. BUT, is the service already oversubscribed? Hedge season runs August to march, maybe pick up some council verge work in summer, or help out a silage contractor?

  11. #41
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    Re: Would 40k get you into business?

    Quote Originally Posted by RGT View Post
    Maybe not much compertition in the highlands is there hoff135
    There must be a demand in the Highlands as the off hand treatment I got from local contractors when I had an insurance job to be done shocked me! (I'm just too far from hoff135 or would have used him...and might still).

    Finally, hired the equipment, got myself a driver, and did some of the work myself. When all was finished there was a substantial balance left over which was a very nice bonus (not to forget the pleasure of being able to raise two fingers to those who made promises but broke them)!

    I'd look at putting most of the 40,000 towards the mortgage and hiring the equipment, then spending some of the money on advertising and cold calling.

    There must still be a demand for managing pony paddocks. Yes, a lot of horses have gone into the lasagna but the owners of those that are left are out working and haven't time for paddock management.

    The one thing the OP's friend probably has after ten years is local knowledge which should never be under estimated but capitalised on.

  12. #42
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    Re: Would 40k get you into business?

    Contractors.... Where do I start :-p

  13. #43
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    Re: Would 40k get you into business?

    Quote Originally Posted by LALANS View Post
    Colin
    The elephant in the room here is dyslexia. Many new businesses fail not because they can't do the work/provide a poor service but because the admin/invoicing/VAT/Tax gets on top of them.
    I'd suggest your friend starts of doing relief stock work lambing/calving/milking. Unsocial yes but no capital outlay and relatively simple to invoice out. The unsocial hours can be lucrative.
    Good luck to him there's is a big demand in my neck of the woods for skilled labour such as this to cover holidays or busy periods.
    I didn't hold Richard Branson back.

  14. #44
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    Re: Would 40k get you into business?

    Quote Originally Posted by Stewart View Post
    I didn't hold Richard Branson back.

    I wouldn't advocate "outsourcing" book keeping either. It won't take you long weekly and you will know exactly whats going on.

  15. #45
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    Re: Would 40k get you into business?

    Would agree with the pony paddock idea,if there are a reasonable number in your area, it would be a cheaper way to get into things as older kit will be ok and also smaller stuff, profit levels will be much higher too. Dont be put off by the " horsey types wont pay" bull, if your worried by that get a mobile CC machine and take payments like that, shop around they can be had for sensible money

  16. #46
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    Re: Would 40k get you into business?

    is there any money in logs ,

  17. #47

    Re: Would 40k get you into business?

    Quote Originally Posted by 7810 pilot View Post
    is there any money in logs ,
    We turn over around 40000 a yr from firewood.. Good money in it if done properly..
    buy 10 artic loads hardwood cord at around 1400 load... Half decent wood processor 6000... 10 loads give you 450-500 cubic meters split logs.. Sell at anything from 80-120 a cubic metre... Total 60000... 40000 left for advertising running truck etc..

  18. #48
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    Re: Would 40k get you into business?

    There was a lad down Comber direction (i think) that set up with some older and smaller equipment doing paddock maintenance and all the other bits and pieces around equine properties that didn't have a tractor and were too small for the bigger contractions machines. Heard he was doing quite well out of it, but you'd have to do your research and see who needed it round your area. not everyone will pay and some will already have arrangements with local farmers to pop round with the topper and sprayer, that's what we do at anyrate!

  19. #49
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    Re: Would 40k get you into business?

    Quote Originally Posted by New Farmer View Post
    Get a 100hp tractor on turf tyres and a trailed set of gang mowers and cut school sports pitches.
    That's my job!!

  20. #50
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    Re: Would 40k get you into business?

    Thanks for the continued suggestions.

    They are all being read. Hope others are also getting benefits from the discussion.

    Thanks ColinK

  21. #51
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    Re: Would 40k get you into business?

    Quote Originally Posted by ColinK View Post
    Wow!!

    A bit more info - the person is actually my 22 year old Son, who has severe dyslexia; an extremely hard worker, hence the 40k saved + a 13K BMW - he is worth more than me :-)

    Tell him to keep doing more of the same, unless it is seriously illegal.

    Six years out of school and saving over 170 per week, every week - well done.

  22. #52
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    Re: Would 40k get you into business?

    Quote Originally Posted by Robw54 View Post
    I wouldn't advocate "outsourcing" book keeping either. It won't take you long weekly and you will know exactly whats going on.
    I Have dyslexia its no excuse not to read or write, in fact i do enjoy it but it can be a right balls sometimes takes forever to read long winded posts on here. Spell checker best invention ever! I have a woman who comes twice a month to do my books as it can get on top of me sometimes with farming, and the houses and that removes the pressure form me. All i do is put debits in one folder credits in the next and she does the rest

  23. #53
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    Re: Would 40k get you into business?

    UPDATE

    He just got approved for a 25% mortgage for a 90k house, so that takes care of some of the 40k, and will give him something to do (refurb) over the winter months.

    He has saved a bit more since this thread started so still has about 25k to spend on a business venture, so any more suggestions will be welcome.

    There have been some great suggestions on this thread which have not been rejected. A deposit for a tractor may be on the cards, but keen to look at alternatives.

    thanks for all the contributions.

    colink

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