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If you ask any of my customers about the quality of my work and I'm sure they'd tell you they have gotten their money's worth. Maybe it's because they got the extras they didn't know they had paid for. And if you read my journal, I'm sure you would appreciate the quality of workmanship I like to see. I'd bet if you knew me well, you would be convinced that I'm the one who you would prefer to have building the truck, and I'm sure the insurance companies feel the same way.

Another benefit of manufacturing the truck and system on my own is that I would set up a private corporation to do it. It wouldn't be one you would find on the New York Stock Exchange. Therefore you wouldn't find investors dumping tons of money into it only expecting profits in return. The result would be that my products would never get nickeled and dimed to death as a way of achieving profitability for blood sucking stock holders.

I feel that my stock should be held by the suppliers and investors who see the possibilities beforehand and risk their cash up front to get the truck manufacturing up and running. I don't want to have board members dictating which way the company should go. They�re just a bunch of stuffed shirts as far as I'm concerned. If people don't think I know how to find the right kind of people I'd need to run my company, they should take their money elsewhere.

My grandfather was buddies with one of Tucker's main men. My dad even rode in the back of one of the first 30 Tucker automobiles. There was only 30 with 500 HP the rest had only 300.

My das said there was a neon sign set up in the back window of the Tucker. That way after they'd pass someone, they would turn on the light that said, " You've just been passed by a Tucker automobile."

Apparently Chrysler bought off a bunch of Tucker's suppliers.

One of these days I'll write more about the Tucker.
(I already have, I just need to dig it up.)

January 8, 2007:
I've been checking into places and ways to incorporate. You'd be amazed at what I have found out. Like how these guys like Rupert Murdoch are able to pay less in taxes with the use of offshore corporations. His parent company is still in Australia which happens to be considered off shore. Like did you know that the money from 20th Century Fox goes to the Cayman Islands.
Corporations like Disney pay about 23-27% in corporate tax. Murdouck manages to pay out only 5.7%.

The thing I wanted to do is to be able to sell stock in my own company over the Internet with the use of my sites. Well, I guess the Panamanian government has come up with such a deal, but just trying to stay out of trouble with one government isn't enough, it's the foreign banks you'd have to deal with that scare the hell out of me.

In the US, there is a way of incorporating (SEC Form D) and selling up to a million dollars in stock in 12 mouths. But you pretty much need $50,000.00 in capital already and there is a further amount of paper work to do for each state you want to sell in. And in each state one could find a dead end.
Then there is the whole thing about passing a brokerage exam if you don't want to hand over brokerage fees. There are two states that would be the ones to consider for me. Delaware is better if you plan to go public and have your company listed on the stock market need better protection for the share holders.
But Nevada would be better for a start up company. And someone like me would probably start out with an S-Corporation, and the go standard after the number of share holders exceeds the limit.
To be frank, I haven't allowed myself enough time to learn about how I'd set it up. I feel that I know enough about it to be dangerous at it.

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BS Plan

I think my system would serve people best if I just built my own truck chasses, and built the system and truck as a complete unit. It would be stronger, lighter, and have a lower center of gravity for the payloads. If you have already read My Next Truck, you will understand more about how I plan to do it.

Over the years I've heard a fair amount of advice, from people from all sorts of professions and businesses. I listened to their advice and the problem with most of it is that the people were not exactly in tune to how the corporate world actually functions. Most of their advice would actually work if there wasn't any competition out there for the product that they would like to produce. That is if no other company had a product in the same market place. And even if you have a product that is far superior to the competition, things are not going to be as smooth as one could imagine. For instance if you had the new, better and improved product that you are sure the consumers would want, you still have to think about the products that you plan to obsolete.
The products that you plan to obsolete, have investors and share holders who are naturally going to want to hold onto their market share as well as the profits they receive from it. (This is where the big hole is that is in most of the advice I have received from people and later on in the page my story telling will get to that.)

While I still have your attention, I feel I need to skip the BS a little bit and I'll just get to the simple low down on my own little business plan.
It's quit simple, but every one who has tried to give me advice has agreed with me that it would work and it would be much easier and fool proof than anyone else's marketing or advertising strategies.

My Crazy Little Plan.

My plan involves the idea over coming up with the money to build ten trucks. Complete chasses and all. I plan to build them out of new components and reconditioned parts. (This is where reading My Next Truck is a must.) Not only would I build the ten trucks but I'd build at least fifty payload beds as well.

I'd license and insure them and then all I'd have to do is go to a potential customers, (such as my boss who is a commercial framing contractor who has said himself, that if he had a truck like mine, that he would have about ten beds.)

I'd hand that potential customer the keys to the truck and say. Here are the keys, you can drop by my shop and help yourself any five beds you'd like and use the set-up for two weeks, and afterwards you can either buy it or lease it. (I'm leaning towards just leasing them.)

Sure it would be a remanufactured, reconditioned truck, but I know one thing for sure, the guy isn't likely going to want to hand the keys back after two weeks because he would know what he would be missing. Simple as that. (You may want to check out Numbers too.)

Back towards the big hole

Sure this is a strange way of making a point,
but it just happens to be some of my story telling.

Since I was granted a patent in Great Britain, I had the desire to find out if anyone was building or using my invention there. Unfortunately soon after I got off the plane I learned the chances of picking up any royalties over there had diminished as soon I meet a few construction workers. They where driving uni-body van front ends having trays bolted down to the sheet metal frames.
Some are lucky enough to have a tipper tray on the back, but you have to wonder if they realize a year down the road they'll be driving a truck that sags in the middle. I feel the market for light weight trucks has been turned into something that is designed to come from a roll of sheet metal and end up as a cube inside a auto compactor.

I checked out a few leads to possible manufactures for my truck while in Great Britain. One out fit seemed interested but as the business plan he presented me was to outsource the development of a prototype to show possible customers.

But I'm not as naive as I used to be because I realize the troubles others would come across while trying to negotiate such a task. For instance: say they would have bought a truck and contracted an outside fabrication shop to build a proto-type for $25,000.00. Without a doubt, I now the auto manufactures would have walked in through the doors of their outside fabrication shop and offered them $100,000.00 to screw the thing up proto-type and take at least three or four months to do so. The folks I would have licensed my invention to would have shown up 4 to 6 months later to find a piece of junk that would have had loads of problems. Whether they would have negotiated with the bought off fabrication shop to fix it, or they would have taken it to another outside fabrication shop to fix it it would have taken 6 months to a year to find out that they still would have had a piece of junk and paid a fortune to build it. The process would have been broken so many times, it would have taken too long and they would have gone broke just trying to build one. My invention would have been tied up, and I'd probably be spending money in court trying to get it back.

I realized real quick that trying to find a manufacture for my invention wasn't a very clear cut way of getting it on the market. The reality is that to succeed with my invention, one would have to be able to do most of the manufacturing in house. Outsourcing will only bring on trouble unless it's not needed. If the parts can be produced in house, supply sources from outside will less likely become a problem.

I happen to think things can be done more of the old fashion way. There are so many fabrication shops just getting by and just paying the bills. Many are in areas that are likely to be experiencing an economic slow down because much of the population is moving towards the major metropolitan areas of work. It can't be very difficult to get more than one supplier for the same part. Therefore, I'm sure I develop a supply chain that can't be broke.

As for myself, I need to put together a warehouse, (with an overhead gantry or bridge crane would be nice.) With a small crew I could build a prototype with at least two jigs for each part and a sample part of every part that needs to be assembled at outside fabrications shops. Once the prototype and jigs are done, setting up the supply of the parts will be done by a biding process that would be simply done by showing the jigs and sample parts to other shops. Once the price of a part is established, the option of the shop being paid in cash or stock certificates would be negotiated.

The development of automation for assembling the trucks is the part of the process I look forward to. I would set up manufacturing facilities would be able to design any wheelbase to fit any length of system the customer desires. I want to be able to design the engine and transmission mounts to match up to a number of different combinations along with a verity of rear-end gears. It safe to say, with me involve in building trucks, the he customers will have a better choice when designing their truck. I think the greatest achievement would be to offer a diesel engine that is converted to run on Natural Gas, just as many buses already do.

I'd like to start an old fashion private company because I have this crazy idea of trading company stock for as much of the original components and supplies as I can condor up. Robots and automation and shop space can be obtained the same way.

I think my old fashion way of starting and running a private company is the opposite of a company going public with an IPO offering. With an IPO offering an institution can speculate a value on a stock at $20 and adding it up to something like a $600 million dollar project then a bank will usually underwrite the public offering by buying the stock at about $12.50 per share. The underwriters will hope they can hype the stock enough to sell it to somebody else at somewhere between $15.00 and $18.00 per share. That there: is where it takes too much money because every one of those dollars will be looking for a return.

In my book, a $600 million company that is put to gather by an IPO offering is really worth less than $400 million because the company never actually receives all of the money paid for the stock. But the problem is that the shareholders of an IPO will expect interest or profits from the $600 million invested even though they only have $400 million actually working for them.

If a company is put together the old fashion way (a private corporation), there isn't an underwriter buying and reselling the stock, therefore the company should be worth the full $600 million in cash stock and inventory and the investors would have the full $600 million working for the profit in return.

Because of the bartering going on with the old fashion company way, the stockholders may only have only invested $15 to get a $20 share therefore, they would naturally be satisfied with less of a percentage of return on the $20.00 share. Basically when it comes to handing out dividends at the end of the year the private company would have about half as much overhead (outstanding shares/debits)as the IPO company.

With my company, my investors would be getting the $20.00 share but purchased with their product that they already made some profit off of. They can sell me the parts for less because they'll get more profit when the final product is sold to the consumer. To receive the same profit in return, the IPO obviously needs almost twice the percentage of profit to give the same amount return to their shareholders as one of a private company.

With numbers like those, who do you thing will benefit most?

A-.Shareholders
B- Suppliers
C- Employees
D- Customers
E- Everyone

However, I am no lawyer or an accountant and I need to consult with one that is honest before anything can be set in stone. I realize that the way corporations are able to setup in Canada differ a little from the US, but from what I gather: private corporations have a limit of the amount of shareholders. That could be a problem because the large number of suppliers involved, and it imposes a larger financial commitment from every shareholder. But from what I gather, you may be able to sell stock to as many employees as you want, which is a good.

(Maybe three or four companies would be the answer.)

One thing nice about having a private company is that there wouldn't be a large board of directors supplied by shareholders for me to answer to every time I need to buy a roll of toilet paper. If people
don't think I can make the right decisions or hire the right kind of people to get things done, they should just take there money elsewhere.

You can listen to all the reasons that will be said as to why you don't see me getting anywhere with it myself, but then you should realize that you
wouldn't have known a single thing about the worlds greatest work truck if it wasn't for me.

If you listen to all the rumors that " they" plant around me, you should realize how inexpensive it is for them to delay the progress of my ambitions. But if you ignore the rumors, the money spent on spreading those rumors will be a wasted and we
won't be wasting time on words.

Now, you've heard about the two hundred mile per gallon carburetor? But, now where is it? I want to reach out and touch it. I want to see it in the magazine you buy. I want to see it on TV.

Well I've got something better than that and all I need to do is walk up it and use the screwdriver that is stuck between the seats and start it. I don't even need a key for it and nobody is going to steal it because they realize the strong possibility of it having a satellite transmitter planed inside it.

As I said before, people can make the manufacturing process as complicated and they want to with the big long business plan and all that kind of bullshit that goes with it. Those kinds of things are for the people who want to open a coffee shop and they need something to show the bank that there isn't much of a gamble to it and that
they've thought everything out.

However, I don't expect bankers to understand manufacturing an industrial piece of machinery and if I licensed my invention to a company that dose, odds are my invention never get of the ground. I've thought over my plan for about ten years and I could probably write a book about it, but as far as I'm concerned: all I need is a warehouse and a spread sheet, a telephone and a big fat checkbook.

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