Results 1 to 19 of 19

Movin up in the world! ....I hope.

| General - Let's talk business
  1. #1
    jord0690 started this thread.
    jord0690's Avatar
    SMF Badges of Honor


    Member since
    Sep 2012
    Location
    Barrie
    Posts
    1,180
    Thanks
    27
    Thanked 716 Times in 440 Posts

    Movin up in the world! ....I hope.

    Me and my scrappin buddy have decided to make flyers and business cards, calling ourselves "Scrapburs Ltd"



    Been good friends with the guy for ages, almost like brothers, that's how we got the name. (didn't like calling each other BRO so we say BUR. Started when we where young and it just stuck)

    Looking to specialize in farm or barn cleanups and after hours pickup. Hoping people will like the fact that we are available after work and on weekends. And there's primarily farms in my area, lots of them.

    Will post the flyer when it's done.
    If I didn't have bad luck, I'd have no luck at all...

    GC Metal Recycling & Recovery
    Barrie, Ontario.


  2. #2
    Mick's Avatar
    SMF Badges of Honor



    Member since
    Aug 2010
    Location
    Palermo, Me
    Posts
    3,405
    Thanks
    363
    Thanked 3,086 Times in 1,326 Posts
    Unless you have a well developed business plan with defined duties, be prepared to lose a buddy.
    People may laugh at me, but that's ok. I laugh all the way to the bank.

  3. The Following 3 Users say Thank You for This Post by Mick:


  4. #3
    pcscrapper's Avatar
    SMF Badges of Honor

    Member since
    Aug 2012
    Location
    623 s Lyon st Suite 200 Sioux Falls SD 57104
    Posts
    657
    Thanks
    576
    Thanked 481 Times in 226 Posts
    Mistakes makes close to perfect.. and You'll come across them often.. just be sure to learn from them.. and not make the same mistakes twice.. Hope all goes well... and May your business be blessed with prosperity.
    Please Add Us On FaceBook, PC SCRAPPER Sioux Falls SD
    also our Prices are listed here http://pcscrapperS.com
    PC Scrappers LLC
    623 S LYON ST SUUTE 200Sioux Falls, SD 57104
    1-605-271-2616

  5. The Following 2 Users say Thank You for This Post by pcscrapper:


  6. #4
    SMF Badges of Honor



    Member since
    Jan 2011
    Posts
    1,159
    Thanks
    0
    Thanked 248 Times in 169 Posts
    You can make partners work as long as everything is set right up front from the time it starts.

  7. The Following User Says Thank You to Focker for This Post:


  8. #5
    jord0690 started this thread.
    jord0690's Avatar
    SMF Badges of Honor


    Member since
    Sep 2012
    Location
    Barrie
    Posts
    1,180
    Thanks
    27
    Thanked 716 Times in 440 Posts
    Yeah we are working it all out before hand. Hoping it'll work. Got a way to calculate expenses like fuel and such, all that will be covered BEFORE we each take our cut. We are confident, but If we find there are too many issues we are gonna stop the work partnership. Would rather save our friendship.

  9. The Following 2 Users say Thank You for This Post by jord0690:


  10. #6
    Sirscrapalot's Avatar
    SMF Badges of Honor


    Member since
    Mar 2012
    Location
    A sandbar off the atlantic..OBX,NC
    Posts
    6,123
    Thanks
    11,885
    Thanked 8,781 Times in 3,853 Posts
    Good luck with it Jord!

    Let us know it goes for you two.

    The others said it all better then I could.

    Sirscrapalot - If I'm in a crosswalk and I run am I breaking the law?

  11. #7
    SMF Badges of Honor



    Member since
    Jan 2011
    Posts
    1,159
    Thanks
    0
    Thanked 248 Times in 169 Posts
    Whos vehicle is being used?
    I think it would be better to get something together take out fuel like you said and split the rest.Also have to split all of the vehicle maintenance

  12. #8
    jord0690 started this thread.
    jord0690's Avatar
    SMF Badges of Honor


    Member since
    Sep 2012
    Location
    Barrie
    Posts
    1,180
    Thanks
    27
    Thanked 716 Times in 440 Posts
    Quote Originally Posted by Focker View Post
    Whos vehicle is being used?
    I think it would be better to get something together take out fuel like you said and split the rest.Also have to split all of the vehicle maintenance
    Yeah I think we are gonna look at our mpg empty and with weight and come up with however much per km and cover fuel/maintenance that way.

  13. #9
    parrothead's Avatar
    SMF Badges of Honor


    Member since
    Jan 2011
    Location
    Treasure Coast, FL
    Posts
    2,416
    Thanks
    667
    Thanked 2,067 Times in 953 Posts
    While the name is nice once the story is told, Other people who see the name without hearing the story may be confused and keep looking.

    Just something to think about. On the other hand, if you get well known in the community, then an oddball name can be memorable.
    "64K should be enough for anybody." - Bill Gates 1981
    http://www.treasurecoastelectronicrecycling.com/

  14. The Following User Says Thank You to parrothead for This Post:


  15. #10
    SMF Badges of Honor


    Member since
    Nov 2011
    Location
    Florence,Co
    Posts
    240
    Thanks
    93
    Thanked 161 Times in 86 Posts
    Take %20 out for the vehicle.ya gotta do that or it will fail fast. The wear and tear is significant, if you can't do all the wrenching yourself then figure on a bit more. Its non stop brakes,clutches,tires,engines. Throw away beater $500 cars can actually be more cost effective as scrap mobiles, tear out all the seats and get a roof rack. lost some good friends over unrealistic expectations on how the "easy money was going to be divided". That being said best of luck..it can be an awesome time

  16. The Following User Says Thank You to Area67 for This Post:


  17. #11
    sledge's Avatar
    SMF Badges of Honor


    Member since
    Nov 2012
    Location
    Central Indiana
    Posts
    2,717
    Thanks
    4,534
    Thanked 4,240 Times in 1,609 Posts
    Quote Originally Posted by Mick View Post
    Unless you have a well developed business plan with defined duties, be prepared to lose a buddy.
    Jord- I HAVE to agree with Mick. I lost friends that I did work at their houses doing contracting work and I've lost buddies to the scrap game too. As Mick Said- DEFINE the roles, the split etc.- ALL of it up front!
    I'm so into scrapping.. When my Steel Toe Boots Wear out, I cut the Steel out of them and recycle the Toe!

  18. The Following User Says Thank You to sledge for This Post:


  19. #12
    SMF Badges of Honor

    Member since
    Aug 2012
    Location
    mileburg pa
    Posts
    255
    Thanks
    3
    Thanked 103 Times in 64 Posts
    its not exact jord but a good estimate is for a truck you get a estimate loss of 1 mile per gallon for every 300 lbs on the highway. and 2 mpg in the city.

  20. #13
    jord0690 started this thread.
    jord0690's Avatar
    SMF Badges of Honor


    Member since
    Sep 2012
    Location
    Barrie
    Posts
    1,180
    Thanks
    27
    Thanked 716 Times in 440 Posts
    Quote Originally Posted by Area67 View Post
    Take %20 out for the vehicle.ya gotta do that or it will fail fast. The wear and tear is significant, if you can't do all the wrenching yourself then figure on a bit more. Its non stop brakes,clutches,tires,engines. Throw away beater $500 cars can actually be more cost effective as scrap mobiles, tear out all the seats and get a roof rack. lost some good friends over unrealistic expectations on how the "easy money was going to be divided". That being said best of luck..it can be an awesome time
    Its not as easy to just drive a junker up here. All vehicles need to pass a very strict and very in depth safety inspection and an environmental test.

    Ex: if the brake lines are rusty at any point, they all fail and need to be replaced. The engine light must be out for the e test computer to even just run a test. Front end parts must have ZERO or very close to zero play. Suuper strict. A 500 junker is now a $2500 investment by the time everything is said and done and its on the road.

  21. #14
    jord0690 started this thread.
    jord0690's Avatar
    SMF Badges of Honor


    Member since
    Sep 2012
    Location
    Barrie
    Posts
    1,180
    Thanks
    27
    Thanked 716 Times in 440 Posts
    Quote Originally Posted by sledge42 View Post
    Quote Originally Posted by Mick View Post
    Unless you have a well developed business plan with defined duties, be prepared to lose a buddy.
    Jord- I HAVE to agree with Mick. I lost friends that I did work at their houses doing contracting work and I've lost buddies to the scrap game too. As Mick Said- DEFINE the roles, the split etc.- ALL of it up front!
    everythings being written out and we are gonna come to an agreement on everything before we even make any flyers.

  22. The Following User Says Thank You to jord0690 for This Post:


  23. #15
    jord0690 started this thread.
    jord0690's Avatar
    SMF Badges of Honor


    Member since
    Sep 2012
    Location
    Barrie
    Posts
    1,180
    Thanks
    27
    Thanked 716 Times in 440 Posts
    Appreciate all the input guys. Im not expecting fast cash here. I know its gonna take time and lot of hard work. But Im committed to this. While other interests have come and gone since learning about scrap 2 years ago, scrapping has been one of those things that i think about at minimum once a day.

    How can i stand out from the rest. What's an innovation that will save me time and money. How can i be more efficient. just to name a few. Many of my ideas have failed while others are working great.

    Making mistakes is a great way to learn. We will see if this venture will succeed or fail. Either way, life goes on and i'll learn valuable information from it.

  24. #16
    billygoat's Avatar
    SMF Badges of Honor

    Member since
    Feb 2012
    Location
    Rochester, NY
    Posts
    630
    Thanks
    99
    Thanked 491 Times in 250 Posts
    Have you looked into whether there are any city or county regulations regarding running a business under an assumed name? It's required in some places. That's why I run my business under my own name. The added benefit is that, depending on how things go at the end of the year, I can decide whether to file taxes as a business or as a hobby.

    Also, I would look a little more into the use of the title "Ltd." Unless you incorporate the business, you may not be legally allowed to use that. I could be wrong, I'm not a lawyer. But it bears looking into it to avoid troubles down the line.

  25. The Following User Says Thank You to billygoat for This Post:


  26. #17
    SMF Badges of Honor



    Member since
    Jan 2011
    Posts
    1,159
    Thanks
    0
    Thanked 248 Times in 169 Posts
    if your a sole proprietor then i think it is all the same atleast it is in ky

  27. #18
    jord0690 started this thread.
    jord0690's Avatar
    SMF Badges of Honor


    Member since
    Sep 2012
    Location
    Barrie
    Posts
    1,180
    Thanks
    27
    Thanked 716 Times in 440 Posts
    Will look into it. Good points. Thanks!

  28. #19
    Russell's Avatar
    SMF Badges of Honor

    Member since
    Jan 2012
    Location
    Chicago,Il
    Posts
    815
    Thanks
    495
    Thanked 707 Times in 324 Posts
    Not sure how it works in Canada. You can bet you may not use Ltd or a fictional name unless you have filed it as such. If you dont believe me; go try to open a bank account or get credit without the paperwork showing your Fein # or whatever they call it in Canada. I'm still surprised.people throw fictional names around. There is paperwork, rules, and fees to running outside of a sole proprietarship. Don't even think about putting signage on your truck till you have commercial vehicle and liability insurance.
    Last edited by Russell; 07-23-2013 at 09:47 PM.


  29. Similar threads on the Scrap Metal Forum

    1. I hope we save a little for our selves
      By Copper Head in forum A Day in the Life of a Scrapper
      Replies: 8
      Last Post: 06-17-2013, 09:31 AM
    2. Hope to Get Back to Scrapping SOON!!!!!!!
      By twmart in forum Off Topic Discussions
      Replies: 11
      Last Post: 06-08-2013, 11:40 PM
    3. Today's score (I hope)
      By fnd5055 in forum General Electronics Recycling
      Replies: 4
      Last Post: 12-22-2012, 06:23 PM
    4. My Scrap Yard in Hope B.C.
      By gustavus in forum Scrap Metal Tips and Advice
      Replies: 7
      Last Post: 09-07-2011, 09:27 PM

Thread Information

Users Browsing this Thread

There are currently 4 users browsing this thread. (0 members and 4 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook