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Assess Skid Loader Acquisition and Incremental Growth

1:32
3:04
57.7K views

At 1:32 in

Snowplow Truck Vs Skid Steer

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What happens here

The speaker then shifts focus to skid loaders (Bobcats), observing the listener's prior experience with them. He notes that a skid loader generally commands a higher hourly rate for services compared to operating one for an employer (e.g., $85/hour vs. $25/hour). He illustrates that just 30 hours of work with an owned Bobcat can generate earnings equivalent to several months of payments on the machine. He strongly recommends growing a business 'incrementally,' acquiring equipment one piece at a time, and focusing on pieces that are better suited for specific tasks, like Bobcats for plowing, which he states leads to fewer breakdowns than trucks.

Goal: Develop a strategy for incrementally acquiring equipment, prioritizing options like skid loaders for better production rates and profitability.

Tools and materials

  • Calculator N/A — Performing financial calculations for equipment profitability

What they say

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video is the Bobcat. He doesn't ask about a Bobcat, but he talks about it a lot and I get the feeling from him that ultimately he'd like to move into a bobcat. He'd eventually like to buy a bobcat. He talks about at one point being in a bobcat for 30 plus hours. What if that was his bobcat? In the video, in the question, he talks about making about $25 an hour. If you own your own Bobcat and you're making $85 an hour and you sit in it at one time for 30 hours, guess what? You've just made 4 months payment on that machine. Can you see where moving up to a Bobcat eventually is the right choice? You've got to decide which piece is right for you and grow incrementally, one piece of equipment at a time. Don't be afraid to give it a go. Buy the equipment at the right price. Don't overpay. Analyze the market. Make sure you're getting the piece of equipment at the bottom dollar. Worst case scenario, you sell it and you got experience under your belt that you can put on a resume. Hope that helps out. Have a good one. Some of you are

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