I bought my first TM way back in the 1980, it was a Prochem 100a with a 16hp engine and a diesel fired burner and cost £7,500 + vat. Now, in 2011 you can buy something way more sophisticated for a mere £11k that can earn its own value in a couple of months with todays prices. What other small business is there that requires such little capital outlay to make so much in return?
Simon
You've not put much thought behind that comment Simon. I could give you a long list of businesses that require very little or no capital that reap much a better return.
I have a friend who runs an executive recruitment buisness from his shed, YES SHED!!!. He finds employers looking for high end individuals. He head hunts the correct person and asks them if they would like to change jobs (Often for more money) then connects the individual with the vacancy. He takes 19% of the person’s new salary as a finders charge.
In November 2009 he made two phone calls costing about 0.02 pence, he put a surgeon into a new position within another establishment. The surgeons new basic salary was 125 K per annum. He took 19% £23750.00 finders charge. Not bad for two phone calls!!
He will admit that this rarely happens and things are often much more complicated. Its taken him decades of hard work to gain trust from employers.
Matt