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The Terminator
Terminator Talk
Do NOT do business with Cory Kolk/Iron Hand Racing
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<blockquote data-quote="Driver500" data-source="post: 12717589" data-attributes="member: 52695"><p>Another case of someone getting too busy too fast and not able to make the transition?</p><p></p><p>I've seen that particular scenario play out several times over the years. A guy starts a little side business to make a specialty part or make a little extra money. The side business grows very quickly because the guy is charging less than other businesses since it's only a side business and he doesn't have expenses like rent or employees. He decides to quit his full time job and go full time into the side business since he's so busy and sees the $$$. The problem happens when he makes the jump and tries to scale it up. Now there are additional expenses such as rent, employees, and equipment. Not too mention scheduling. The guy starts using job B's money to finish job A. This floats along for awhile until something happens. "Something always happens in business." Someone doesn't pay a bill.. someone gets sick and misses a few days, or maybe an employee quits. However it happens something goes wrong. Then the "barely making it" operation goes belly up leaving a handful of enthusiast holding the bag.</p><p></p><p>I'm hoping nobody gets screwed here, but it's seeming like the same old thing all over again.</p></blockquote><p></p>
[QUOTE="Driver500, post: 12717589, member: 52695"] Another case of someone getting too busy too fast and not able to make the transition? I've seen that particular scenario play out several times over the years. A guy starts a little side business to make a specialty part or make a little extra money. The side business grows very quickly because the guy is charging less than other businesses since it's only a side business and he doesn't have expenses like rent or employees. He decides to quit his full time job and go full time into the side business since he's so busy and sees the $$$. The problem happens when he makes the jump and tries to scale it up. Now there are additional expenses such as rent, employees, and equipment. Not too mention scheduling. The guy starts using job B's money to finish job A. This floats along for awhile until something happens. "Something always happens in business." Someone doesn't pay a bill.. someone gets sick and misses a few days, or maybe an employee quits. However it happens something goes wrong. Then the "barely making it" operation goes belly up leaving a handful of enthusiast holding the bag. I'm hoping nobody gets screwed here, but it's seeming like the same old thing all over again. [/QUOTE]
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Do NOT do business with Cory Kolk/Iron Hand Racing
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