My PTM project is starting!

Did you remember the investment I was introduced to two months ago? Renting a place+machinery, to make some extra money?

I almost cancelled the deal last month when I went to see how the old man was working, and I saw that he was working at 500% his capacity, to produce months and months of “advance” work for my future Customers, attracted by a strong discount.

So, like an idiot, I would have found myself without ordersk for months, and maybe the customers would have asked “everything must go” discounts as he did!

In the end, however, we changed the economic terms, and here I am, ready for this new adventure!

The terms we agreed: € 300 per month for renting this room + several hundred euros of “free” raw materials (ie: as a refund of damages). Regular lease agreement with a duration of 4 years.

The problems started right away: the old man told me “I gonna teach you all about manufacturing” – but he barely just knows how to turn on the machine! The workmanship was totally handled by that employee, who found another job! That’s why even though the processing is “very simple”, he decided to sell everything!

So I had to call that employee and give him 40 euros to have a quick crash course.

Second problem: the work is not “simple” as he stated – the 2-3 hour crash lesson from ex-employee was not enough – I wasted a lot of raw materials to do the experiments! Luckily they were “free”.

So the first month was like this:

Expenses:

  • 300 per rent
  • 40 “lesson”

I got very small orders:

  • 98 euro
  • 40 euro
  • 10 euro
  • 10 euro
  • 20 euro (This was hard! In order to find the right parameters I wasted like 100 euro of materials!!!)
  • 67,5 euro
  • 25 euro
  • 10 euro
  • 150 euro (but also this order was hard, I wasted a lot of stuff……)
  • 90 euro
  • 10 euro
  • 200 euro
  • 30 euro
  • 10 euro

Total for first month: 770,50 euro made, 340 euro spent = 430 euro profit

Not bad!

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