In this episode of TerraQUIP Talk, host Mike Dobrota walks through the realities of purchasing a drilling or piling rig, and what it truly takes to start and sustain a successful drilling business. From high upfront costs and financing challenges to equipment selection, site preparation, and contingency planning, Mike lays out the full picture of what buyers should expect.With stories from the yard and field spanning over 15 years of firsthand experience, this episode is a must-watch for contractors, business owners, and anyone serious about entering the drilling industry with clarity and confidence.Whether you’re assessing rig options, planning your first purchase, or scaling operations, this episode will sharpen your decision-making and help you build a resilient, profitable foundation.🛠 Ready to find the right piling or drilling rig for your next project?Get expert guidance and tailored solutions at https://terraquip.com.au/Follow TerraQUIP Drilling Equipment:https://www.instagram.com/terraquipdrillingequipment/https://www.linkedin.com/company/terraquip-drilling-equipment/https://www.youtube.com/@terraquipdrillingTimestamps:00:00:00 - Introduction 00:01:43 - Purchasing a Drilling and Piling Rig00:02:27 - Purchase or Lease Options00:03:08 - Auxiliary Equipment Needs00:04:23 - Transportation Costs00:05:05 - Site Preparation and Setup00:07:12 - Consumables and Overhead Costs00:09:45 - Importance of a Business Plan00:10:06 - Consulting with Industry Experts00:10:59 - Finding and Securing Contracts00:11:21 - Networking and Marketing00:13:07 - Regulatory Compliance00:14:00 - Fluctuating Market Conditions00:15:27 - Dealer Perspective: Forecasting and Configuration00:17:02 - Shipping and Logistics00:22:05 - Testing the Machine00:24:05 - Commissioning and Startup

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