Spending 11k on equipment before having the clientele to justify it is the number one reason why so many people fail in this business... You simply put the cart in front of the horse and will spend the next few years trying to catch it....
Why not sell off the equipment you currently have now and buy good used equipment? You said your mechanically inclined, so you should be able to fix or at least maintain good used equipment until you have the clients to justify spending that kind of scratch....
As far as if "your in trouble" if you need to ask that, then the answer is yes! How much time and money do you have left to focus on advertising and picking up new clients? How much time have you put into writing a business plan for yourself and setting goals and mile markers for expanding and growing your business?
The people that say there is no money in this industry are the same ones who never started it the right way... Full time or part time makes NO difference, its how you start and maintain your business that counts.
Spending 11k on equipment doesnt show your dedicated. Educating yourself on opening and growing a business properly shows your committed to its success.
Why not sell off the equipment you currently have now and buy good used equipment? You said your mechanically inclined, so you should be able to fix or at least maintain good used equipment until you have the clients to justify spending that kind of scratch....
As far as if "your in trouble" if you need to ask that, then the answer is yes! How much time and money do you have left to focus on advertising and picking up new clients? How much time have you put into writing a business plan for yourself and setting goals and mile markers for expanding and growing your business?
The people that say there is no money in this industry are the same ones who never started it the right way... Full time or part time makes NO difference, its how you start and maintain your business that counts.
Spending 11k on equipment doesnt show your dedicated. Educating yourself on opening and growing a business properly shows your committed to its success.
