Looking for a refiner to sell to directly for E-waste

One of my best friends fathers, who was self made, one of the most honest people/business owners I have ever known. He used to say all the time "You can't go broke making a profit".

In saying that, you would of course account for everything from the cost of transportation, to what you pay yourself as an hourly wage. Anything after that is profit.

In the grocery business, or retail for that matter, there are several ways to calculate or crunch numbers to ensure you are profitable, labor percentage, profit margin, even how many sq ft to devote to any one product so that you generate a specific profit per sq ft, per month. One of the most important that enters into the long list of ways to figure your business is called "turns". it refers to the amount of time it takes from the point you purchase something, to sell something and "turn" a profit.

If you buy something, and can "turn" it in a day, you now have more money to buy more scrap and again "turn" it for a profit.

I used to consult for people who were attempting to operate a retail store. One of the most frustrating personalities I would come across was the business owner that had in mind a specific amount of money they wanted to make on any particular product. They would put it on the shelf, and ask a price people were not willing to pay. No matter how long it stayed on the shelf, they were not willing to sell it for less than that price. But what they didn't realize, nor understand, was the longer they sat on that one item, the more expensive that one item became.

My advice for anyone who can make a profit on anything, unless you have business backed up the door and around the corner, is to take it. Even after all your costs, and what you pay for your labor, you only make a few dollars, that is still more than you had before you started. To think you can build your business on the juicy big lots is a fallacy, a strong business model is built on bread and butter. If you build your business on a few big deals a month, you are going to fail. If you build your business on a 100 small deals a month you will prosper. You can loose 10 out of 100 small accounts, but if you loose 10 out of 10 of the larger juicy deals, you are out of business.



Scott