My $62,000 Bet
Walk in to a $100,000 annual cashflow.
I'm pumped because the business is so freaking simple
and the market is massive and hungry.
Here in New Zealand all shops and many taxis have EFTPOS machines which use paper to print out receipts.
I'm the paper supplier to those machines.
Most of those machine owners or renters buy from stationery shops and they are crap and much more expensive.
Mine are locally made and the factory couriers out each order to my customers.
No stock for me to carry and it's all repeat business.
The seller is running off to make mobile apps while I'll be growing this plain boring
money maker like a out of control weed!.
Just 2 taxi companies here in Auckland have over 2,000 taxis in their fleet with eftpos.
Think of the busy food malls and bars all using Efpos machines.
The Casinos, movie theater's the list goes on and on.
Just walking into a local bakeries and food places where I already go and mention that I can get them a better deal on their paper. Just been saying I'm busy right now and I'll be back with details.
Their eyes light up.
So these plain boring businesses are out their ready to
be grown, in this case, massively without constraints of
stock financing, warehousing, staff.
The true meaning of an entrepreneur is take under performing assets and add value to them.
Anyway, I've put money where my mouth is by saying I can grow this business
rather than talk about it.
Plus share my good news.
Best,
Ewen
P.S. He's signed a non compete agreement to.
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