Dear All,
I am not an expert in business domain however learned a bit while working closely with my brother for his Machine Tool Trading and automation business he had in Pune.
After his unfortunate demise in December Last year we initially decided to wind up the business and continue working in our horizons we are already in.
Later on while meeting client and stack holders in Pune we got strong feedback from everyone to continue the work as our brother worked real hard for 9-10 years to build the name a trust and we should keep up his name after him. The customers admire him for his commitments, service oriented approach and ready to support us so that we can get the things going as they were.
My younger brother both are willing to continue the business with me as mentor and support.
This was background. The current business is trading and service of machine tools. We will continue the same.
We realized there are lot of free lancers in the market who are providing maintenance services to the industry though work independently and un-organized. We are planning to build a network of such free-lancers with different skills (Engineers, technicians from all fields - mechanical, electrical, electronics, hydraulics, pneumatic, cutting tools, forming tools, CNC, NC, PLC etc and much more). Provide one stop solution for all industrial maintenance with preventive, performance bases, break-down, contract maintenance.
The idea is to get in contract with them for work-to-pay basis and they are still free to work on their own.
The benefits for free-lancers is that they don't have to run to get the work on their plate, no need to worry about the payment collection and one channel of sources to get work from.
Customers would be able to get all their equipment's maintained from one point with standard terms and procedures. And At better prices.
I guess we have minimum at stake in terms of money. The only thing is we have to wait for the payments from end users as per their payment cycle while pay our contractors (free-lancers) at a fixed cycle (may be monthly). Not much of pain though. The other thing is managing the ambitions of contracts as it must be inbuilt in them that's why most of them are free-lancers (some may be forced due to circumstances).
I want to explore the pros-cons of the idea. I am still cooking it and not started working on it. I want to start it in Pune first and see how it works out. Please provide your critical analysis and suggestions.