Ryan Fields

My buddy wants to open an auto body repair shop

Skip wants to go into a partnership with me to start up an auto body repair shop.  He says he wants to join the Collision Repair Experts network of auto body shops.  The Collision Repair Experts is a national organization of body shops.  Skip says that there aren’t any Collision Repair Expert body shop locations in our area, so he thinks we would have a wide open market.

Moratorium on fast food restaurants

i was reading on the Time.com website that LA has put a one year moratorium on new fast food restaurants in their low income district.  The rationale behind that move is that this particular low income area is overflowing with obese people.  The city council that put this moratorium in place thinks that by putting this restriction in, a better class of restaurants will open in the area, offering healthier foods.

I think that if this is a low income area, the residents will not be able to afford to go to these “better class” of restaurants to eat.  You can go to a fast food restaurant and order healthy foods, such as salads.  These people are choosing to eat unhealthy foods because they can afford it and they want it.  They will get it SOMEWHERE, even if it means going to the grocery store and buying the junk food there. 

I’d be really surprised if any of those “better class” of restaurants even TRY to open up in that area, the target market for that type of restaurant does not exist there.  It would be a losing proposition.

Student drivers

There is a good website called cost u less insurance that is geared towards helping the young driver get ready to start driving.  There is a link that takes the student to a practice driver’s written exam and there are links for parents to click on to get answers to the questions that parents should have when they are considering letting their kid get a license.  

Indymac bank fails

I was quite surprised to hear on the news that Indymac Bank failed and that the FDIC has had to take it over.  Our mortgage is with Indymac; I wonder if we will notice any change, or if the transition will appear to be seamless.  It’s a shame that the bank went under, I heard that there are a lot of their customers who lost money because they had more than the $100,000 insured limit in the bank.  Seems to me anyone with that much money would have spread it out to other banks to make sure that all of their money was insured!