Im new to understanding the concrete pumping business and tyring to do my due dilligence beforehand. Was wondering if i could pick some of your brains since you all have been successful in this business. Im trying to get my head around the concrete pumping financial model such as quatifying the amount of working capital requirements, how to look at job types and how that translates into revenues, how to look at the cost side of the equasion as well like transportation costs to consider, what kind of inventory do i need to carry on which parts (have the highest wear/replacement potential) and safety compliance programs. I know it sounds like a bit much but im a little green. Anyone who has some good resources to get me up to speed on what i should know especially in the rhelm of pricing, the finacial metrics i need to be familiar with and the operating considerations both good and bad I would need to be aware of would be extremely helpful. Appreciate everyones time. Was looking a Boom and a trailer operation have steady commercial jobs in the queue and plan to do smaller ones as well.

Where are you going to operate ? there are so many unanswered scenarios here it would be hard to answer your question, first one needs to know what your overhead would be , what the utilization of equipment would be , what is your labor rate in that area , are you buying brand new equipment or used equipment ? I will say this , better have some deep pockets , because you can take a beating in this industry , especially if you know nothing of it , find you a veteran operator that knows the ropes , this could save you thousands of dollars and the hair on your head.

Step 1:

Go get some experience. Work for someone. May take 2 or 3 years, but there is a lot to learn my friend. 

I appreciate the feedback. I definitely have alot to learn and you mentioned a few metrics that were helpful to put context around what i should know. Would you recomend any further resources to understand the operating and financial metrics that I might want to familiarize myself with?

Appreciate your feedback as well.

It might be wise to start off with a line pump set up. It's lots of HARD work but you will make a good return on your relitivly small investment.  

Thank you think you have a good idea there. On the number side of the business would you happen to know where I might find industry financial information specific to pumping?

Contact the ACPA American Concrete Pumping Association www.concretepumpers.com

They recently completed a financial benchmarking study and may be able to share some general information.

Thank you Doug!

If I was you which I'm not just keep your money and take up drinking cause in the end you will be a loser

No thank you!