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FIB - Scams 101

Willingness

Posted By: Michael Ross
Date: Tuesday, November 6, 2007, at 1:23 a.m.(pst)

In Response To: A few ideas from an entrepreneur... (Jeff)

Jeff,

Thanks for your thoughts.

Something else to add to the list is a Willingness to do it.

The Crane Operator I work with has an Interesting Story. You see, he owns (via a huge debt) the crane he operates. But, he hires the crane to the crane company he works for and they employee him as a normal employee. I asked him how this came about and he said...

I was working for a guy who used to hire Frannas all the time (A Franna is an articulated crane made by an Australian company called Terex - www.terex.com.au). And I asked him, if *I* buy a crane will you Hire it from me instead of the crane companies you hire it from. And he said Yes, but wouldn't guarantee any Amount of work. So I ordered a crane.

While waiting for the crane to arrive I moved jobs and so called a crane company, let them know I had a crane about ready, and asked if they wanted to hire it from me to be part of their fleet. They said yes. And what they pay for hire covers my costs plus throws off extra, and they service and look after the crane.

After six months I asked them to teach me how to operate the crane. They agreed and so employed me.

He said, anyone else in the Yard could do it. One other driver owns his crane clear and does subcontract work for them and makes $1,800 a day - that's a day. Yet, none of the others do it. And now that I have two other cranes on order and about due, they think I am Loaded. Loaded with Debt maybe.

To order the crane is as simple as getting in touch with them and ordering it. If your financing hasn't come through when it's ready to be paid for, they just sell it to another customer on their two year long waiting list.

The other day someone accused him of being loaded. And he said, mate if I was loaded like you think I wouldn't be driving a dam crane I can tell ya.

The difference?

He was willing to take a calculated risk. And based on the planned projects in this city over the next decade, it's a risk that will pay off. And one which the other drivers could see is worth doing as well, but they will choose not to.

Then again, who can blame them... they are clearing, after tax, $1,500+ a week. And have no Outgoings and no headaches. So it's hard for them to be motivated to do something else or get into a business when they are doing over a $100k a year as an employee.

How did he get the next two cranes? He said, the first one was hard as he really had to prove himself. But seeing the bank has access to his financials and they see all is well, they were quite willing with the other two. And especially as he has an agreement the company will also hire those cranes from him.

Michael Ross

Hotsheet City

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