Originally Posted by onewhippedpuppy
Terry, I'd say your business model is optimistic at best. You speak of hauling Ferraris and Lambos, but how will you get this niche business? There's not a large number of high-end cars being hauled (proportionally), and those that do probably tend to go with a respected, known quantity. If you just spend $150k on a used Ferrari, would you rather spend $1300 with DAS (known quantity and respected) or Terry's Car Hauling (who?). Even if you were half the price, you would struggle to get established. Even when established, I think you would struggle to find regular business.
I still don't think you've addressed it, but do you have any experience in a large truck? Any experience driving 2000 miles at a time, being away from home for large stretches of time? You mention that you're married, what impact would this have on your wife? I can understand just wanting to get out, I've been there, but I don't think this is the right path.
I think Moses has the best idea on here for a car-guy business. There's a company in Wichita that does the same thing, the owner is an enthusiast who hit it big in industry. Sold his company and opened a small, very nice showroom. He specializes in a variety of imports, last time I was in he had everything from a classic Jag to a mint BMW E34. If you do your homework before you buy, and market the cars well when you sell, there's a lot of money to be made buying and selling cool cars.
I've been through 9 cars in 6 years, and made money on all but one. The one in question was a '93 BMW 325i that started making noise in the transmission during my ownership. I still broke even. I buy cars with potential that are cheap, fix their problems, drive and enjoy for a while, then sell and make a few thousand. I enjoy it, and make a little side money doing so. This guy in Wichita also offers a locating service, which ties in nicely.
Or, door #2, look into industries that are related to CE. Just because your diploma says CE doesn't mean that's what you have to do. That degree is a lot of leverage, it's a shame not to use it.
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