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Type: Posts; User: mrplasma

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  1. I agree - It would be tough for someone to...

    I agree - It would be tough for someone to suddenly pick up the necessary skills for something like this just because it looks potentially profitable. Whenever a high-tech opportunity appears on the...
  2. That's the right kind of thinking, in my opinion....

    That's the right kind of thinking, in my opinion. As you have said, it would take someone with the necessary knowledge and financial resources.
  3. Does anyone have any ideas to share on types of...

    Does anyone have any ideas to share on types of businesses and/or products that might prove successful today, given the current economic climate?
  4. Business Life Cycle

    There may be some disagreement here, but I think businesses are a lot like movie actors.

    The majority of people who go to Hollywood in hopes of becoming a star don't make it. Those that do...
  5. Trends

    I believe an awareness of evolving trends is crucial in planning for a startup business.

    As an example, before personal computers permitted advertising copy to be produced in one's home office, we...
  6. In the very early CNC days, all I sold were DIY...

    In the very early CNC days, all I sold were DIY kits that would work regardless of the size table the customer built. I had the gear racks machined so they could be butted end to end without the...
  7. Other than a 4x4 unit being made by another...

    Other than a 4x4 unit being made by another startup company, the only remotely comparable machines out there in 1998 were the expensive industrial machines you mention above. They were sold via...
  8. More on Being in the Right Place at the Right Time

    We have all heard the phrase "he or she was just in the right place at the right time." I don't know how many of you have seen the scene in the 1949 movie "Twelve O'Clock High" where General...
  9. Can't disagree! I was definitely in the right...

    Can't disagree! I was definitely in the right place at the right time. I still think it is wise to avoid making major investments prematurely, whether for equipment or real estate. Proprietary...
  10. Very eloquently put! Assuming that a startup...

    Very eloquently put!

    Assuming that a startup business reinvests as much of the net profit as possible, there is the question of how to reinvest it. Do you buy machinery and equipment (M&E) that...
  11. I certainly don't pretend to have answers for...

    I certainly don't pretend to have answers for everyones' personnel problems. So much depends on your locality, the jobs available in that region, the supply of viable job applicants, and a variety...
  12. I would agree that if a business has been around...

    I would agree that if a business has been around for even 10 years and its space needs have remained relatively static, it should definitely consider buying rather than renting. There are many...
  13. My comment that one man can only do one man's...

    My comment that one man can only do one man's work did not necessarily refer to hiring employees in a new business. What I was suggesting was using existing mass produced components in your product,...
  14. Another aspect of starting a business that I...

    Another aspect of starting a business that I didn't discuss is the issue of the company structure: sole proprietor, partnership, C corp., S corp.? Any opinions?
  15. Conclusion

    Conclusion

    There have been many changes since I started my business. The Internet was just getting off the ground, and the search engines had not yet figured out a way to squeeze the last dollar...
  16. Marketing and Sales

    Marketing & Sales

    As you are no doubt aware, marketing is the publicizing of the availability of products to potential customers. Selling is the act of consummating the sale of those products. ...
  17. Starting a manufacturing business from scratch

    Before I get started, let me point out that I am describing what worked for me at a certain point in time, with a particular product line, at a particular stage in my life. My comments are meant to...
  18. Suggestions for Startup Manufacturing Businesses

    There are few employees in any occupation who haven't had a pipe dream about going into business for themselves. In most cases it doesn't go beyond that, and those who do make an attempt at it often...
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