A Stitch in Time saves Nine

While buying machinery, for plant, I have seen many entrepreneurs prefer to buy from a Single Source : A "Turn-Key" supplier. And the reason is very obvious : It makes their lives very easy. The Turn-Key supplier, will do all the hard hitting on his own & present you a completely "Done for You" kind of Plant.

In exchange they typically may charge little more compared to the price you get from Individual Machine supplier. And this looks perfectly fair.

The problem lies somewhere else & often unseen by an entrepreneur

The problem is not "Money"; It's "Control". As you have hired him for the complete job, it's he, not you who is responsible for individual machinery co-ordination, quality control etc. So indirectly it's Not In Your Control. 

See... It's YOU, the business owner, who will be RUNNING the business for 10-20-30 years, not the supplier. 

His profit comes after a Sale is done ( of machinery ) however, you will have to wait for a couple of years, for seeing the first annual profit figure in your financials.

For you to generate profit, you require smooth operations. And in this, the machinery plays vital role. Normally, the Turnkey fellows don't disclose their sources before you buy from them, and this makes your choice difficult. Instead they attract you by 2-3 typical ways :-

• Attracting you with their "Experience" of handling 100s of projects
• Pitching you with attractive discounted prices
• Offering you Free ( or very cheap rates ) consultation for project

And here, an entrepreneur makes a mistake. Now, what ?

1. He/she buys the plant
2. Starts production
3. While running starts facing uncontrollable technical difficulties
4. Experiences support gaps from the turnkey fellow
5. Delays profit

I have seen many of the business owners have learnt the machinery basics on their own AFTER facing these issues. Then, why not do it from the beginning itself ?

It's the shift of the State of Mind. Thinking like a Business Owner.

• Do the contemplation & knowledge gathering in your specially allocated Learning Time, but while continuing your existing occupation. Don't run by Deadlines, but with an approximated span like in 3 months I will be expected to learn the basics of this business. 
• Don't panic if this Expected Date goes a little further. Your project hasn't commenced yet. You are building a solid foundation, assure yourself.
• Don't start visiting places. I've seen people have a fancy to go to suppliers, watching the machines, and coming to me saying "I've decided to go with a 120BPM Plant". This is often a result of getting impressed by the FREE advice suppliers offer you.
• Often, the process is not sexy. It's boring.Whenever the boredum arises, do something else. Go to Nature. Improve self talk. Assure yourself, that You are Building a Business. And that you are taking very right steps.

You need to build some anchors here... like :-

    A Stitch in Time saves Nine

which means that if I do this now ( which I was avoiding ) it will save me tremendous time, effort & money in future.