Hi Guys, it`s coming on council clean up time again, this is the time of year when you can put out busted machinery for recycling. I am considering setting up a Community project where I fill a shed with second hand equipment that can be rented out for next to no money, while their own equipment is being repaired.
I already have a collection of pumps, pressure washers, whipper snipers, lawn mowers, chainsaws and ride on mowers all of which have been dragged out of the bush and fixed for little or no money. People today are hopeless, they have no experience in either using or maintaining equipment and consequently throw out perfectly good stuff which ends up in landfill. Today I was given a pressure washer that does n`t work, a quick inspection shows that it stopped because the low oil level mechanism turned off the magneto coil. Further inspection suggests that the engine has probably run for 5 to 10 hours max.
Would this business model work? How much should I charge for second hand equipment hire? I`m a good engineer but I`m a lousy businessman and my health is shakey at best.
Thoughts and advice please,
Bob