how to prove I can keep 5 trucks busy
I don't know that much about the plumbing business, but I would think to pull this off you'd need some contracts with apartment buildings or other large building managers to handle all their plumbing work.
Is this an upstart company? If so, why do you need 5 trucks to start out?
I personally don't like the idea of asking anyone to stake me. I invest in myself using my own money. If I don't have it I wait until I do. If business isn't sufficient enough to provide me with the money I need to grow my own business, then I don't see how I can convince others that there's enough business for them
to invest their money in me.
I wrote a business plan once to start an optical business. The bank granted me a loan of $500,000, but I'd have to put up $250,000 worth of collateral. This would have given me enough to open a full scale optical store with a complete lab. I started thinking, that's an awful lot of money I have to come up with each month to pay the rent, payroll, utilities, insurance, advertising, supplies and inventory, etc. besides the loan.
I had to be honest with myself. Was I doing this because I really needed it or because of my ego? I decided to forgo the loan and just use the money I already had to start a smaller optical business and then grew the business as my profits allowed.
When you're constantly worrying about how you're going to pay the bills you're not able to give 100% of yourself to your business. Worrying takes a high toll. Growing your business may (or may not) give you greater rewards, but either way there comes greater responsibilities and pressures.
With our current President and congress I don't want to grow my business. I'm scaling back so I can hold on to what I have. The more money you make the more they're going to take. So as you go on the hook for more loans, the government is going to be taking more of your profits making it more difficult for you to repay those loans.
I need you to stay in business Rick because I'm going to need you to pay for my health care.