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Bobcat Skidsteer Forums
General Bobcat Skidsteer Forum
bobcat 753 per hour
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<blockquote data-quote="HanSolo" data-source="post: 65279" data-attributes="member: 7905"><p>I'm with Donald. Look into insurance. It's probably going to be your largest operating expense. I own a small business (unrelated to construction) and insurance with 1 million liability is considered minimum requirement. I've looked into starting another business related to skid steer refurbishment and sales. My agent says the same kind of coverage is going to be at least $1000 per year. That's just liability coverage - no contractors equipment loss or damage coverage. Once you have that cost in place, figuring equipment operating costs (fuel, repairs, supplies, transportation, etc.) should be fairly simple. Then you'll need to estimate your company sales (number of jobs per year) and start playing with the numbers. I'd also take a look at other contrators ads to see what they're charging. You're going to have to have competetitive rates or there's no reason to start the business. Unless you've got a garenteed source of income/customer. If that's the case... go man go!</p></blockquote><p></p>
[QUOTE="HanSolo, post: 65279, member: 7905"] I'm with Donald. Look into insurance. It's probably going to be your largest operating expense. I own a small business (unrelated to construction) and insurance with 1 million liability is considered minimum requirement. I've looked into starting another business related to skid steer refurbishment and sales. My agent says the same kind of coverage is going to be at least $1000 per year. That's just liability coverage - no contractors equipment loss or damage coverage. Once you have that cost in place, figuring equipment operating costs (fuel, repairs, supplies, transportation, etc.) should be fairly simple. Then you'll need to estimate your company sales (number of jobs per year) and start playing with the numbers. I'd also take a look at other contrators ads to see what they're charging. You're going to have to have competetitive rates or there's no reason to start the business. Unless you've got a garenteed source of income/customer. If that's the case... go man go! [/QUOTE]
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bobcat 753 per hour
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