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My business is as a sub contractor how can I move forward from this

I am 60 years of age and was bought up on a farm and worked it with my father until i was 19 in conjunction with a contracting and trucking business . Then my Father was taken from us suddenly as a result of medical state he was left from being a crown witness , then I was to young back then to obtain a loan to buy anything or get finance due to the law at i could vote but was not 21 so could not get finance or sign legal documents . So i did what you did in the 70s you worked and saved and bought so I went out shearing to buy my dads trucks and a grader off the estate all the time they were working doing shire and M R D work I did that for the next 30 years and built up a business on my own doing the same then my mum had to have housing and my sister was still in school and my older brother was still in a apprenticeship so could not help me and i did it on my own finances and built it up until my mum got Alzheimer and i sold up and cared for her for 7 years until she died then i had to get a job and i worked for several companies with nothing full time then i got a job driving a car carrier and fell from the top deck after slipping on rollers , and did damage to my back and hips , got a small pay out and decided to purchase a truck as i am unemployable due to my accident then the only work i have been able to find is sub contract work on projects with a firm known as Australian Civil Haulage , that are sub contractors to the major contractors and they set the rates and there is no negotiating and the alternative as I try to expand into a working small business in the Perth hills is proving extremely hard to get financed even though it has the books proving success and yet i need the sub contract work to keep going to keep a amount to pay the fuel bill and a small amount of a wage so my question is how can I move forward before i am shut down and made to take a part 9 or worse bankrupt , when i know the hills business is sustainable and by keeping the tipper it can work at good rates and value add by adding to the business offering further services at full rates not sub contract to sub contractor with a work at my rate or dont work at all and i be able to build on the business and on sell it in 5 to 7 years time

1 Answer

Hi Reg, My husband and I also run tippers and we have one person we contract to so I understand your plight. Is there any way that you can contract direct to the primary source instead of sub contractor to the contractor? It would be better rates. Another thing that has helped our cash flow is a fuel card although you have to be diligent in paying for it. We have found that the rates we are on the good side to stay with this one contractor then with many others we have found so don't be afraid to look around. I hope that helps a little and hope you can sell up and retire comfortably.

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