I have yet to blog about business, mostly because I’ve had nothing to blog about. No manner of schooling can fully prepare you for just how much physical work goes into any business. This, so far, is what I have learned.
Opportunities present themselves, despite the plan you make for your own enterprises. For months I have been researching technology, in order to launch a unique product. It’s been hard, and there is a lot more to it than I originally thought.
Then, an interesting email crosses my computer. It asks for my college to send someone to a music store that can fix sound amplification products. The school sent me out, since I am currently the only graduated member of the program, and I brokered an education deal with the music store to repair customer units.
Now, I’m knee deep into amp repair. I have two at home, one at the school lab, and many more on the way. The owner of the music store keeps asking me when I’m going to be bringing in business cards, so he can tell the other shops their repair woes are finally over. I’m still learning the trade, but very soon, I think he’ll get that wish granted.
I quit my grocery job with the understanding that I would launch my product, and maybe find entry level work somewhere in electronics. Now, I have the opportunity to start up my own business, and the sleepy dreams of never again working for another person wake me each morning.
The reality of it is, I need to learn more about the niche I’m entering. I’m picking stuff up rather quickly, but experience with more and varied issues is needed. Still, in this kind of work, with no one nearby that is involved in it, much of that training will have to be on the job. Since I am already conducting repair work through the college, for free, and no one is complaining about any turnover time, why not start doing it for money, sooner rather than later?
Starting up a business in California is tricky. We have more fees and paperwork than any state, and many of them are annually recurring. Tax laws and employee rules are stringent, with the numbers and lines of text continuing for books and books.
Still, I have resources at my disposal, a couple of degrees on my wall, and the encouragement of the industry. So, look for more of that soon!
The other side of my business, arcade game repair and resale, hasn’t seen nearly as much demand. I would have thought that finding people to buy classic game machines for decent prices would have been easy, but so far finding those customers has proven difficult.
I fixed those three Slick Shot machines I was working on, got them cleaned up, and put them out there for sale. After over a month on Craigslist and the local newspaper classifieds, the only hit I got was a scam attempt from Texas. I’ve lowered the price, and will be waiting to see how that goes.
You can learn a lot about the market by taking these two business examples and scrutinizing over them. On the one hand, I have an idea that I thought would be perfectly profitable, yet has shown me zero indications of this. On the other, a ready-made business; all I have to do is learn the trade.
From “Zero Effect”, which is a great film. Why didn’t I listen to Daryl Zero when he was talking about his?
When you take a business class, especially one in entrepreneurship, they tell you over an over that the first thing you need to do is find a hole to fulfill. In the case of amp repair, the hole has apparently been there a long time, just waiting for the right person to come along with a shovel. I’m still feeling out the arcade business, but my first impression is that there are not nearly as many people looking to put arcade machines in their homes as I would have thought; or probably would like.
I still think the market is out there, and close by to boot. I just have to find out where they are shopping.